Hong Kong’s status as a global financial center remains intact as long as the rule of law and the city’s independent judiciary are protected, an expert says, despite ongoing pro-democracy protests and the U.S.-China trade war taking a toll on the local economy.
The semi-autonomous Chinese city has seen unwavering fierce protests since June, which erupted to oppose a bill that would allow the extradition of persons passing through Hong Kong to mainland China. The bill has since been withdrawn following months of outrage.