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Hong Kong security law: city’s future is in servicing Chinese firms, says top city economist

Summary:
[unable to retrieve full-text content]Hong Kong’s economic role has been gradually shifting towards serving mainland firms in a way that will eventually make the city indispensable to Beijing, one of the city’s most prominent economists said, as China moved a step closer to imposing a new security law on the financial hub.China’s parliament on Thursday endorsed a resolution authorising the legislation just hours after US Secretary of State Mike Pompeo said the city is no longer suitably autonomous from China.There are fears the…

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[unable to retrieve full-text content]
Hong Kong’s economic role has been gradually shifting towards serving mainland firms in a way that will eventually make the city indispensable to Beijing, one of the city’s most prominent economists said, as China moved a step closer to imposing a new security law on the financial hub.China’s parliament on Thursday endorsed a resolution authorising the legislation just hours after US Secretary of State Mike Pompeo said the city is no longer suitably autonomous from China.There are fears the…

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