The SAR's central bank and industry leaders tell AsianInvestor that reports of Hong Kong's demise have been greatly exaggerated.
Industry executives give their views on whether rival financial centres will be able to draw financial firms and investors away from north Asia's premier financial hub.
Hong Kong’s limited partnership fund bill passed on July 9, but it faces many problems if it is to succeed, including inertia and potentially the city's controversial new security law.
The only cross-border flows into Hong Kong commercial property this year have come from China, while local investors have been buying more overseas real estate, amid the recent turmoil.
The national security law looks set to forever change how the Asian financial centre functions, and not in a good way. Candour is set to diminish, and social tensions may rise.
The territory's office real estate market looks unlikely to rebound for some time to come, given a mixture of ongoing coronavirus effects, hoarding owners and political unrest.