Tell that to the multinationals who still base their regional East Asia HQs in Hong Kong instead of Shanghai or Shenzhen. Shanghai and Shenzhen may have overtaken HK in the number of the regional’s Forbes Top 500 companies, but those cities are run on PRC commercial law, which may or may not be dodgy and prone to the whims of whoever is in charge. Under the One Country Two Systems Couple cats halloween shirt, Hong Kong gets to keep its own commercial laws, based on the UK’s Common Law, which is tried and tested for 150 years.
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Even PRC companies attempting to do their investment Couple cats halloween shirt prefer to set up a branch in HK first and getting listed on HK’s stock exchange, as that’s where the bulk of the foreign exchange into PRC comes from. If you think the world’s highest concentration of billionaires in the world is not super critical to China’s economic goals you are very wrong. China needs the economic fitness of Hong Kong to maintain its hold of the southeast Asian markets. If Hong Kong’s financial elite go elsewhere it doesn’t just deny China the capital, it directly goes to their competitors once they relocate operations.
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The HK economy is 3% of China’s. Fact: Hong Kong has a separate currency pegged to the UD dollar. A run on the HKD can only break the peg leading to devaluation. That itself isn’t that harmful but they can invite speculators to join in on the run like in 1997. The HK government spent time off money defending its currency. It didn’t affect China at all because they use a completely different currency loosely pegged to a basket of currencies. China already owns HK. For all the talk of losing Couple cats halloween shirt. An average HKer enjoys more freedom now than any other time in history.
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You overestimate Hong Kong’s power. What you said might have been true 10 or 20 years ago, but consider that over half of Hong Kong’s trade involves China and that the vast majority of its economy deals with access to Chinese Trending shirt, along with the fact that Shanghai and other SEZs have grown tremendously, and unfortunately, it can be argued that Hong Kong’s economy would face tremendous issues if they didn’t have access to China. Oh, and China is Hong Kong’s primary source of other imports such as food and power as well.