The 'depth of the devastation' inflicted on Hong Kong's economy b...
HONG KONG - The “depth of the devastation” inflicted on Hong Kong’s economy by more than six months of anti-government protests will be seen in the coming weeks, the chief of the city’s stock exchange operator said on Thursday.
“I think local listed companies with local exposure are going to take a very big hit. They already are taking a big hit,” Charles Li, CEO of Hong Kong Exchanges and Clearing Ltd , told a Reuters Breakingviews event. Many people are angered by what they see as Beijing’s ever-tightening grip on the city that was promised a high degree of autonomy under the “one country, two systems” formula under which it returned to Chinese rule in 1997.
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