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 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
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
Minxin Pei
Opinion

Opinion

Minxin Pei

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

Minxin Pei
Minxin Pei

Updated: 2:01pm, 14 Jun, 2019

Why you can trust SCMP
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 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
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
READ FULL ARTICLE
Minxin Pei

Minxin Pei

Minxin Pei is professor of government at Claremont McKenna College and a non-resident senior fellow at the German Marshall Fund of the United States. He is the author of China's Crony Capitalism.