I have received quite a number of emails from readers and thought that I should just share my thoughts on the matter in public, as I do believe this would probably be at the top of most investor’s minds.
With the COVID-19 pandemic being largely under control in Hong Kong, protestors are starting to come out once again. This resulted in China announcing a National Security Law for Hong Kong on 21st May 2020. This resulted in further unrest and triggered fears of a ‘cold war’ between USA and China. Furthermore, given such fears and uncertainty, we saw the Hang Seng Index falling 5.6% on Friday.
In today’s article, I wanted to share some facts and figures on Hong Kong amidst this rising geopolitical tensions between the US and China.
What is Hong Kong’s Special Status?
Before Britain handed control of Hong Kong to China in 1997, a ‘one country, two system