Fears over HK's financial centre future overblown

Hong Kong

HONG Kong has endured a rough ride over the last two years or so.

After social unrest engulfed the city from mid-2019, the city confronted a controversial national security law imposed by Beijing in June last year amid the coronavirus pandemic that caused severe economic damage.

The combined effect stoked fears of a capital flight and international companies de-camping from Asia's leading international financial centre.

Against this grim backdrop stood an underlying resilience that the city is well known for.

Last year demonstrated that some worries were overblown. Assets under ma…