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Mr Shangkong
BusinessBanking & Finance
Mr. Shangkong
George Chen

Why the children of many important people are in Hong Kong

Job offers at top US investment bank in the city hardly breaking news as workplace is safer and closer to their hometowns on the mainland

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Hong Kong naturally becomes the first choice for many of those parents, in particular following the 1997 handover, making them feel safer to keep their children in the city.
George Chen is managing director and co-chair of digital practice at The Asia Group, a business and policy consulting firm.

The sons and daughters and even the grandsons and granddaughters of those who are or used to be in very powerful positions in China have recently grabbed public attention again, thanks to some so-called breaking news which isn't really "breaking" at all.

Many of those children who were born on the mainland are now working and living in Hong Kong. They came here from various places. Some came from the United States after graduating from university in that country.

Others may have come from their hometowns such as Shanghai or Beijing where their parents or relatives were "very important persons" who wanted to send their children out of the country to gain experience and live a different life but not send them too far away for working and living.

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For example, those "important parents" might judge a foreign country like the US to be unsafe.

And then Hong Kong naturally becomes the first choice for many of those parents, in particular following the 1997 handover, making them feel safer to keep their children in the city.

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If something happens and they want to return to the mainland, they can do it at almost any time - just go to the airport and buy a ticket, and within two or three hours, you will land in Shanghai or Beijing where you can be well protected by your "important parents".

And in cases where those "important parents" are someday in trouble on the mainland, their children can also quickly book flights and fly out of Hong Kong.

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