Five Major Risks in Hong Kong’s Future Development
<p>In recent years, with the impact of a series of events such as the U.S.-China trade war, the COVID-19 pandemic, and the implementation of the National Security Law, the situation in Hong Kong has undergone unprecedented changes. As a regional international financial center and a free trade port, future development of the island is facing a different trajectory from that of the past. Its globalized features are likely to fade, and its ability to attract international capital may also decrease. Local capital in Hong Kong will continue to shift, showing a clear trend toward “mainlandization”. After years of tracking research, ANBOUND’s founder Kung Chan believes that Hong Kong’s economy may encounter some profound problems and risks, mainly in five aspects:</p>
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