Hong Kong: Growth and Adaptation
Hong Kong has long benefited from its open economy, stable institutions, and position as a gateway to China. It has also demonstrated a great capacity to adapt: beginning as a regional entrepôt, developing as a manufacturer, and now as a global financial center. Hong Kong investors helped turn the Pearl River Delta into the world’s workshop. Chinese companies list in Hong Kong, and the Shanghai-Hong Kong Stock Connect allows investors to access Shanghai-listed stocks through Hong Kong’s exchange. As China’s financial system evolves, how will Hong Kong further adapt? What are the implications for the broader region?