China¡¯s overhaul of Hong Kong¡¯s political institutions has crushed the pro-democracy movement, and fueled warnings of an end to the city¡¯s status as an international financial hub.
Yet more than a year after the crackdown began, signs of an investor exodus are hard to find.
Shares in Hong Kong¡¯s exchange operator have doubled since the start of 2020, reflecting confidence in the city¡¯s ability to attract Chinese listings. And the local currency is near the strong end of its trading band against the dollar, suggesting capital outflows aren¡¯t a worry.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.