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Hong Kong's global value has been based on three things: 1. Reliable, understandable legal system 2. Tax-haven policies 3. Gateway to trade with China and to a lesser extent trade with Asia
The PRC's behavior has compromised 1, thereby scaring money attracted by 2. China's opening has made 3 obsolete and the protests exacerbated the problem. In the near term, excepting the protests, not much will change but over 10 years Singapore will thrive at Hong Kong's expense.
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