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.
‘The most important thing to become an international financial center is trust from the United States,’ Takafumi Maki, a Japanese financial professional, wrote.
Factors driving away tourists and local spenders alike include the ’mainlandization' of the city, high prices, and Hong Kong’s CCP-controlled administration.
Stephen Roach, former Morgan Stanley Asia chair, said he was prohibited from expressing differing opinions on Hong Kong at the recent China Development Forum.
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.
“This marks the complete withdrawal of the Jiang faction’s power, and Xi Jinping has begun to fully control Hong Kong,” said veteran media figure Cheng Xiang.
“Ten years from now, I wonder what the students of Scholarism will be doing in society?” Joshua Wong, the young pro-democracy activist, wrote in a post in 2014.
The banned book industry thrived in Hong Kong for 30 years. In the 1980s, Hong Kong’s political publications had an impact on Beijing’s political situation.