Mr. Roach, the former good friend of Beijing, reminisced about how he was captivated by Hong Kong after landing at the old Kai Tak Airport in the 1980s.
Factors driving away tourists and local spenders alike include the ’mainlandization' of the city, high prices, and Hong Kong’s CCP-controlled administration.
With the exodus of foreign capital and the contraction of the financial industry, Hong Kong may only serve as an emigration springboard for Chinese talents.