Hong Kong: Business as usual
Over the past three years Hong Kong has survived a transition in sovereignty, a serious economic crisis, the dotcom boom and bust and a number of legal and constitutional scares - yet it still retains its status as a premier Asian hub, says Colm Cronin
The 1997 handover of Hong Kong from the UK to China had cast a shadow over the territory’s business community for several years before reunification became reality at a rain-soaked ceremony on 30 June, 1997.Given some of the direst predictions made by some commentators at the time about what the future held, there is now general consensus that the transition has been achieved remarkably smoothly. Surprisingly little has changed for the Hong Kong Special Administrative Region’s (SAR’s) expatriate army of lawyers, bankers and other professional service providers. This is all the more remarkable given the bumpy ride that Hong Kong has experienced in that time.
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