When Financial Security Means National Security

Hong Kong Skyscrapers — The skyline of Hong Kong
*Credit: Estial, Creative Commons*

Last month, China announced plans to enact a new national security law in Hong Kong, giving Beijing broad, new powers over civil liberties in the special administrative region. Soon after, the United States vowed to strip the semi autonomous region of its special status. Hong Kong’s financial markets hardly flinched. Share prices on the Hong Kong Stock Exchange actually climbed modestly, after dipping sharply immediately after Beijing’s announcement. And the city’s banking syst

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The Wire China

When Financial Security Means National Security

Over the next year or two, investors may realize that Hong Kong’s financial system has been fundamentally altered.

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