The economist Stephen Roach’s pessimistic conclusions about Hong Kong’s future have triggered a heated debate, though most of the angry reactions to the former Morgan Stanley Asia Ltd. chair’s Financial Times article have been sparked by its provocative title: “It pains me to say Hong Kong is over.”

Is it? Any evaluation of the Chinese special territory’s prospects must go beyond the Hang Seng Index, a wealth marker typically associated with prosperity in a city purpose-built for commerce. Roach’s article notes how the benchmark has been basically flat since the former British colony's 1997 handover to Beijing. In the past five years, the gauge has slumped by nearly 45%.

QOSHE - Is Hong Kong Over? The Answer Lies Beyond Stock Prices - Andy Mukherjee
menu_open
Columnists Actual . Favourites . Archive
We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Is Hong Kong Over? The Answer Lies Beyond Stock Prices

7 14
29.02.2024

The economist Stephen Roach’s pessimistic conclusions about Hong Kong’s future have triggered a heated debate, though most of the angry reactions to the former Morgan........

© Bloomberg

Get it on Google Play