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  3. The city’s transformation is being driven by a national security law imposed by Beijing in 2020 and additional legislation passed by Hong Kong lawmakers in March. Both have dealt a blow to the partial autonomy promised by China when it took possession of the city from Britain nearly three decades ago.
    www.nytimes.com/2024/05/28/business/hong-kong-china-politics.html
    www.nytimes.com/2024/05/28/business/hong-kong-china-politics.html
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    Why is Hong Kong transforming into a new city?The city’s transformation is being driven by a national security law imposed by Beijing in 2020 and additional legislation passed by Hong Kong lawmakers in March. Both have dealt a blow to the partial autonomy promised by China when it took possession of the city from Britain nearly three decades ago.
    Why are foreign firms leaving Hong Kong?The new dynamic, together with rising tensions between China and the West and an economic downturn in China that has decimated much of the deal-making that once made Hong Kong tick, is casting a pall over the city’s once lively economy. The changes are pushing some foreign firms to leave or sharply scale down their operations in the city.
    Is Hong Kong a 'historic moment'?Lee, Hong Kong’s leader, described it as a “historic moment for Hong Kong,” but critics and analysts warned it would align the financial hub’s national security laws more closely with those used on the Chinese mainland and deepen an ongoing crackdown on dissent.
    Is Hong Kong becoming more Chinese?Isaac Lawrence for The New York Times Hong Kong is beginning to feel more Chinese in other ways. Seeking to assuage business worries over the security legislation, the city’s finance chief, Paul Chan, pointed to nearly 50 companies that planned to open or expand in Hong Kong, adding tens of billions of dollars to the city’s economy.
    Will Hong Kong self-destruct?“If Hong Kong doesn’t do anything, if they allow Beijing to tell them what to do, then that will be the end of Hong Kong as we know it,” Mr. Wang said. “It will self-destruct.” A banner from the 25th anniversary of the British handover of Hong Kong to China. It reads: “Celebrating the handover. Hand in hand.
    Why are more Chinese professionals coming to Hong Kong?Although the results were in line with trends in other places, the finding alarmed many in a city that has long prided itself on its ability to speak the global language of business. More talented young Chinese professionals are coming to the city. Hong Kong officials created a new visa plan to lure professionals from around the world.
     
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