{"id":1376,"date":"2020-11-04T07:12:05","date_gmt":"2020-11-04T07:12:05","guid":{"rendered":"https:\/\/bricksandmortarmgt.com\/?p=1376"},"modified":"2020-11-11T01:53:53","modified_gmt":"2020-11-11T01:53:53","slug":"will-macau-be-the-new-hong-kong","status":"publish","type":"post","link":"https:\/\/bricksandmortarmgt.com\/zh_hk\/2020\/11\/will-macau-be-the-new-hong-kong\/","title":{"rendered":"Will Macau be the new Hong Kong?"},"content":{"rendered":"<p>The news that &#8220;The central government is planning to develop Macau as financial centre as a contingency back up &#8230;[to] Hong Kong&#8221; (link <a href=\"https:\/\/news.rthk.hk\/rthk\/en\/component\/k2\/1497360-20191212.htm\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>) has caused more debate on how replaceable HK is as an Asian financial hub.<br><br>We have touched on a similar point in a previous post entitled &#8220;<a href=\"http:\/\/yulun2012.blogspot.com\/search?q=qianhai\">Will Shenzhen be the new Hong Kong?<\/a>&#8221; where we concluded that HK&#8217;s international status will not be undermined, let alone replaced by China&#8217;s alternatives. Evidence from China&#8217;s various Free Trade Zone \/ financial hub initiatives over recent years suggests that none of them seems to jeopardize HK&#8217;s position.<br><br>The reasons for our above conclusion are enumerated succinctly in yesterday&#8217;s MingPao article &#8220;<a href=\"https:\/\/news.mingpao.com\/ins\/%E6%96%87%E6%91%98\/article\/20191218\/s00022\/1576590492231\/%E9%A6%99%E6%B8%AF%E6%89%93%E4%B8%8D%E6%AD%BB%ef%bc%88%E6%96%87-%E9%99%B3%E6%99%AF%E7%A5%A5%ef%bc%89\">\u9999\u6e2f\u6253\u4e0d\u6b7b<\/a>&#8221; as follows:<br><br>\u201c\u9023\u6df1\u4ea4\u6240\u548c\u4e0a\u4ea4\u6240\u4e5f\u4e0d\u9858\u505a\u7684\u751f\u610f\uff0c\u624d\u653e\u5230\u672a\u4f86\u7684\u6fb3\u9580\u4ea4\u6613\u6240\u53bb\u639b\u724c\uff0c\u9019\u4e9b\u4f01\u696d\u7684\u8cea\u7d20\u548c\u98a8\u96aa\u6c34\u5e73\u504f\u4f4e\uff0c\u61c9\u662f\u5ba2\u89c0\u4e8b\u5be6\uff01\u5c0d\u9999\u6e2f\u4f86\u8aaa\uff0c\u9019\u4e9b\u4f01\u696d\u7684\u5438\u5f15\u529b\u4e5f\u61c9\u6975\u5176\u6709\u9650\uff01\u5f9e\u9019\u500b\u89d2\u5ea6\u770b\uff0c\u6fb3\u9580\u4ea4\u6613\u6240\u7406\u61c9\u4e0d\u6703\u662f\u6e2f\u4ea4\u6240\u7684\u76f4\u63a5\u7af6\u722d\u5c0d\u624b\u3002\u201d<br><br>\u201c\u9999\u6e2f\u80fd\u5920\u6210\u70ba\u570b\u969b\u91d1\u878d\u4e2d\u5fc3\uff0c\u5167\u5730\u91d1\u878d\u754c\u8a8d\u70ba\u4e3b\u56e0\u662f\u80cc\u9760\u7956\u570b\u3001\u4e58\u7740\u5927\u9678\u8cc7\u672c\u5e02\u5834\u5feb\u901f\u767c\u5c55\u800c\u5192\u8d77\uff1b\u7121\u53ef\u5426\u8a8d\uff0c\u9019\u662f\u4e00\u500b\u539f\u56e0\uff0c\u4f46\u66f4\u91cd\u8981\u7684\u662f\u9999\u6e2f\u64c1\u6709\u5e7e\u500b\u7279\u9ede\uff0c\u662f\u5927\u9678\u57ce\u5e02\u7121\u6cd5\u300c\u4eff\u6548\u300d\u7684\uff0c\u5305\u62ec\u6cd5\u6cbb\u5236\u5ea6\u3001\u8cc7\u91d1\u81ea\u7531\u9032\u51fa\u3001\u8cc7\u8a0a\u81ea\u7531\u6d41\u901a\uff1b\u4e0d\u7528\u591a\uff0c\u5149\u9760\u90193\u62db\uff0c\u5167\u5730\u57ce\u5e02\u5c31\u7121\u6cd5\u8d85\u8d8a\u9999\u6e2f\u3002\u201d<br><br>In a gist, PRC cities cannot replicate HK&#8217;s rule of law, free capital movement, free information flow. These are the 3 insurmountable barriers of entry that prevent them from overtaking HK.<\/p>","protected":false},"excerpt":{"rendered":"<p> &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"ast-button\" href=\"https:\/\/bricksandmortarmgt.com\/zh_hk\/2020\/11\/will-macau-be-the-new-hong-kong\/\"> <span class=\"screen-reader-text\">Will Macau be the new Hong Kong?<\/span> Read More \u00bb<\/a><\/p>","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","content-type":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-1376","post","type-post","status-publish","format-standard","hentry","category-hong-kong"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/bricksandmortarmgt.com\/zh_hk\/wp-json\/wp\/v2\/posts\/1376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bricksandmortarmgt.com\/zh_hk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bricksandmortarmgt.com\/zh_hk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bricksandmortarmgt.com\/zh_hk\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/bricksandmortarmgt.com\/zh_hk\/wp-json\/wp\/v2\/comments?post=1376"}],"version-history":[{"count":1,"href":"https:\/\/bricksandmortarmgt.com\/zh_hk\/wp-json\/wp\/v2\/posts\/1376\/revisions"}],"predecessor-version":[{"id":1377,"href":"https:\/\/bricksandmortarmgt.com\/zh_hk\/wp-json\/wp\/v2\/posts\/1376\/revisions\/1377"}],"wp:attachment":[{"href":"https:\/\/bricksandmortarmgt.com\/zh_hk\/wp-json\/wp\/v2\/media?parent=1376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bricksandmortarmgt.com\/zh_hk\/wp-json\/wp\/v2\/categories?post=1376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bricksandmortarmgt.com\/zh_hk\/wp-json\/wp\/v2\/tags?post=1376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}