Police officers prepare to disperse a protest against the extradition bill in Hong Kong on June 12. As the China-US economic cold war escalates, and rising regulatory hurdles make it harder for Chinese companies to raise capital in the US, Hong Kong will become immensely valuable to China as an offshore financial centre. Photo: DPA
Opinion
Opinion
The US could make Hong Kong – and China – pay an economic price for the extradition bill
- The US-Hong Kong Policy Act has teeth to deter China from violating its commitment to ‘one country, two systems’ in Hong Kong. Beijing needs to remember Hong Kong’s value as a financial centre, especially as the trade war drags on
Police officers prepare to disperse a protest against the extradition bill in Hong Kong on June 12. As the China-US economic cold war escalates, and rising regulatory hurdles make it harder for Chinese companies to raise capital in the US, Hong Kong will become immensely valuable to China as an offshore financial centre. Photo: DPA