China Fortifies

China Fortifies Hong Kong’s Role as Financial Powerhouse – The Wall Street Journal

China’s tightening grip on Hong Kong has some in the West predicting the city’s days as a global financial center are numbered. Beijing, however, is betting the former British colony will grow into a bigger and more lucrative capital-raising hub for Chinese businesses.

In recent weeks, China’s swift imposition of a new national-security law on Hong Kong has led expatriates to consider leaving, unnerved technology companies and chilled discourse among the city’s 7.5 million populace. The Group of Seven nations warned the law…

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