The mainland's colonization of the Hong Kong economy

...And it is here, in the city’s business sector, that China is inexorably tightening its grip on the former British colony. Even as Beijing struggles to tame Hong Kong politically, Chinese companies are consuming ever bigger chunks of the city’s key sectors including real estate, finance, power, construction and the stock market.

Many of these industries have for decades been dominated by the business titans who attended the meeting with Xi. Men like Li Ka-shing, Asia’s richest man, casino and hospitality billionaire Lui Che-woo and palm oil magnate Robert Kuok. Now they are witnessing a mainland business invasion of the city.

One of the most telling signs of change is the space mainland Chinese companies lease in Central district, the heart of Hong Kong’s financial center. These firms now account for over 50 per cent of new leases signed for offices there, according to a September report from Hong Kong-based brokerage CLSA. That’s up from 20 percent in 2012, the report said.

The mainland's colonization of the Hong Kong economy ?m=02&d=20141231&t=2&i=1009465231&w=&fh=&fw=&ll=580&pl=378&r=LYNXMPEABU021

The mainland's colonization of the Hong Kong economy ?m=02&d=20141231&t=2&i=1009465231&w=&fh=&fw=&ll=580&pl=378&r=LYNXMPEABU021

http://www.reuters.com/article/2014/12/31/us-hongkong-china-economy-specialreport-idUSKBN0K901320141231?feedType=RSS&feedName=topNews
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The mainland's colonization of the Hong Kong economy

The mainland's colonization of the Hong Kong economy

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