If it were true, China would not have delayed its Anti-Sanctions Law in Hong Kong [1]. Hong Kong is huge in supporting the Finance of China.
> But the Hong Kong government can only welcome the stock listing opportunity to reinforce Hong Kong as the world’s premier IPO destination, especially at a time when the introduction of the national security law
has raised concerns about maintaining the city as a global financial hub.
But that is a myopic comparison. The strategic value of Hong Kong’s (semi)-open capital markets is that they act as a conduit between a totalitarian isolationist state and the rest of the world.
The US’s capital markets support international trade in a somewhat similar way, and are thus innately valuable even without accounting for the productivity of American workers.
Capital inflows to China are done through Hong Kong. HK is just a financial center for China. As far as the population goes, China could care less as long as they two the communist line.
> But the Hong Kong government can only welcome the stock listing opportunity to reinforce Hong Kong as the world’s premier IPO destination, especially at a time when the introduction of the national security law has raised concerns about maintaining the city as a global financial hub.
[1]: https://www.scmp.com/comment/opinion/article/3145952/why-chi...