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Benjamin Poon
Benjamin Poon
Benjamin is a graduate from the University of Hong Kong's Bachelor of Business Administration (Law) and Bachelor of Laws programme. He has interned at Hong Kong's Department of Justice and at law firms Woo Kwan Lee & Lo and Akin Gump Strauss Hauer & Feld LLP. He has also been a research assistant to HKU professor Zhigang Tao since 2018.

Given geopolitical pressures, a split would protect HSBC’s hugely profitable Hong Kong and mainland business, while letting its global banking business proceed with fewer regulatory burdens and better financial discipline.

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The city must move on from the ‘front shop, back factory’ model built around low-cost production in China. It should aim at becoming a base for mainland firms managing global operations, and also develop products targeting the mainland market.

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If the new law is similar to the European Union’s ‘blocking statute’ it may force companies to choose between the US or the Chinese market or motivate them to lobby the US to lift sanctions on China.

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