By Martin Gøttske
As the 20th anniversary of Hong Kong’s handover to China approaches, there has been much worry in the former British colony about whether it can continue to have an important role as a gateway to Mainland China has declined, as China has steadily opened up more to the world.
In some areas, Hong Kong has slipped behind its Chinese rivals. But Hong Kong’s tradition of free trade and the rule of law would help the city to remain important to China, say analysts.
Statistics say that the city is still the key hub for investment going in and out of China. By the end of last year, among all the overseas-funded projects approved in China, 44.7 per cent were tied to Hong Kong interests.