09
July 2021
Past Event
Virtual Event | Can Hong Kong Remain a Global Financial Center?

Virtual Event | Can Hong Kong Remain a Global Financial Center?

Past Event
Online Only
July 09, 2021
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09
July 2021
Past Event
Speakers:
Carolyn Bartholomew

Chairman - 2021 Report Cycle, U.S.-China Economic and Security Review Commission

Ellen Bork

President, Committee for Freedom in Hong Kong

Bill Browder

Founder & CEO, Hermitage Capital Management

Mark Clifford

Independent Non-Executive Director, Next Digital Ltd.

nate_sibley
Nate Sibley

Fellow and Director, Kleptocracy Initiative

Please be advised: This event will premiere on this page at 12:00 p.m. EDT, Friday, July 9. Register for the event or via the register button.

Join 华体会 Research Fellow Nate Sibley and guests Carolyn Bartholomew, Ellen Bork, Bill Browder and Mark Clifford for a discussion on Hong Kong鈥檚 future as a global financial center.

The dismantling of democracy and basic civil liberties in Hong Kong has escalated significantly since Beijing imposed the draconian National Security Law in June 2020. As hundreds of peaceful pro-democracy activists are rounded up by authorities, the city鈥檚 business community also finds itself under pressure to comply with Beijing鈥檚 authoritarian agenda. In May 2021, authorities froze the assets of imprisoned entrepreneur and pro-democracy activist Jimmy Lai in the first such action targeting shares in a publicly traded company. In June, Lai鈥檚 independent media outlet Apple Daily was forced to shut down after being similarly targeted by authorities. While Carrie Lam, head of Hong Kong鈥檚 puppet government, claimed such measures would 鈥渞einforce鈥� the city鈥檚 reputation as a secure financial center, the lack of due process sent an unmistakable message to other businesspeople. A survey by the American Chamber of Commerce shows that more than 40 percent of its members are now considering leaving Hong Kong, with the National Security Law the most widely-cited factor in their decision. Can Hong Kong continue as a bastion of commercial success in the face of Beijing鈥檚 assault on rule of law? Please join us for this important and timely discussion.

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