Most taxis in Hong Kong can still only take cash while popular apps like Uber are harassed by the government. And that’s not a good look for a city with hi-tech ambitions aiming to attract big-spending international travellers.
A report on Hong Kong by the Centre for Strategic and International Studies does not appreciate fundamental pillars set out in the Basic Law. The city is still governed by Hongkongers, maintains judicial independence and has an international identity under the umbrella of China.
Amid a series of setbacks, Hong Kong remains stuck the past when it comes to cultivating foreign talent and capital from emerging markets. By establishing itself as a hub that celebrates innovation and multiculturalism, the city can attract top-tier professionals from around the globe.
Many Hongkongers who are eligible to live elsewhere have not moved, a testament to their confidence in the city. And a disappointing stock market performance is no indicator of poor economic prospects – Hong Kong has gone through some low points, but bounced back each time.
Protecting the city’s distinct advantages calls for leaders to promote the importance of the common law system, and impress on Beijing the urgent need for Chinese officials, here and on the mainland, to study it.