Hong Kong evolving into Beijing’s offshore interface rather than a shrinking hub: study

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A study argues that Hong Kong is evolving into an offshore interface for Beijing's tightly controlled financial system, rather than simply declining as an international financial centre. The report examines the city's role in China's national development strategy amid years of political upheaval.

Hong Kong is pivoting to an offshore hub of Beijing’s tightly controlled financial framework, according to a report that examines the city’s evolving role under China’s national development strategy. The study, published this week by Enodo Economics and the Asia Society Policy Institute’s Centre for China Analysis, challenges years of Western commentary portraying Hong Kong as a diminished international financial centre following years of political upheaval. “Beijing is not simply managing the...