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Hong Kong evolving into Beijing’s offshore interface rather than a shrinking hub: study
1File photo: Beijing
Hong Kong is pivoting to an offshore hub of Beijing’s tightly controlled financial framework, according to a report that examines the city’s evolving role under China’s national development strategy. The study, published this week by Enodo Economics and the Asia Society Policy Institute’s Centre for
In South China Morning Post’s words.2
Background: Beijing
Beijing, previously romanized as Peking, is the capital city of China. 8 million residents, it is the world's most populous national capital city, as well as China's second-largest city by urban area, after Shanghai. It is located in Northern China and is governed as a provincial-level direct-administered municipality with 16 municipal districts.3
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