The Hong Kong unrest is precisely what the leaders in Beijing don’t need
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The protest movement in Hong Kong is the kind of thing that changes the way people think about the future.
For Hong Kong, the uncertainty is self-evident, and is about the city-state’s status as Asia’s premier financial centre, especially with a more settled and stable Singapore eager to
capitalise. For China, though, the protest movement has both direct and indirect implications. Hong Kong is China’s window on global finance and vice versa, and acts as a conduit of capital,
clout and kudos into and out of China. China risks, therefore, losing the benefits that Hong Kong bestows.
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