Months of unrest in Hong Kong has invited debate over the city’s viability to remain Asia’s premier financial hub, according to an article from China Briefing. Actions by the government have raised questions about the special administrative region’s autonomy, while frequent demonstrations have brought the city to a standstill.
At the same time, Hong Kong is facing heightened competition from regional alternatives.Across the border in mainland China, gradual financial and regulatory relaxations have made cities like Shenzhen and Shanghai more realistic competitors to Hong Kong.To the south, longtime rival Singapore stands out as a similarly business-friendly but more stable jurisdiction located in the heart of the booming Southeast Asian region.
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