The city of Shenzhen is seen across Deep Bay in Lau Fau Shan, Hong Kong. Hong Kong started as a free port for Chinese trade, but today it is an offshore renminbi hub. This evolution reflects its traditional “connector” role giving way to that of a “financier”. Photo: EPA

As ‘financier’ to Greater China, Hong Kong has an unbeatable edge

Victor Zheng and Roger Luk say the rise of China and the emerging economies will make Hong Kong’s role as a ‘connector’ irrelevant, and it’s time for the city to redefine its niche

Topic |   China economy

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The city of Shenzhen is seen across Deep Bay in Lau Fau Shan, Hong Kong. Hong Kong started as a free port for Chinese trade, but today it is an offshore renminbi hub. This evolution reflects its traditional “connector” role giving way to that of a “financier”. Photo: EPA
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Victor Zheng

Victor Zheng

Dr Victor Zheng is assistant director of the Hong Kong Institute of Asia-Pacific Studies, Chinese University of Hong Kong. He is also the coordinator of the university's Global China Research Programme, and co-director of the Centre for Social and Political Development Studies. His research interests are Chinese family business and inheritance, Hong Kong business culture and history, social indicators and social development, and global China studies.