How China Is Remaking Hong Kong in Its Own Image

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Published 2024-06-28
It’s been five years since pro-democracy protests rocked Hong Kong. Since then, China has tightened its grip on the territory, restricting civil liberties, arresting dozens of opposition figures and passing sweeping changes to its political system. These days, the Asian financial hub is looking increasingly similar to the mainland. So what does that mean for the city’s future?

00:00 Introduction
00:41 Hong Kong’s handover
1:19 Protests over civil liberties
2:42 Beijing pushes ahead
4:46 Infrastructure to the mainland
7:14 Outlook for city

Read more from Bloomberg here: Hong Kong Stumbles in Its Own Key Test as a Global Financial Hub www.bloomberg.com/news/features/2024-06-27/hong-ko…

Get the Hong Kong Edition newsletter for an insider’s guide to the money and people shaking up the Asian finance hub. www.bloomberg.com/account/newsletters/hong-kong-ed…

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All Comments (21)
  • @fernr9496
    How come Britain never let Hong Kongers choose their leader? I thought they believed in democracy
  • @jkdm27
    Hong Kongers must migrate to UK to experience real freedom. Hahahahaha
  • @moyoyo7575
    China makes HK in its own image, but, at what cost??????
  • @canto_v12
    Hong Kong has never been a forgiving place for the working class, even in its 1980s heyday it was a place where the global elite come and go. Pretty typical of a small, closed city-state-type territory, and nor was it ever democratic under Britain. At a macro level, its economic fortunes have been tied to those of China since the 1980s when it gained a monopoly over the export of Chinese goods. That monopoly already waned by the early 2000s and is now long gone. We can't just wish Hong Kong back to a time when China didn't know how to build and run a seaport. The political crisis in 2019 was just a red herring for Hong Kong's bigger problems of decreasing relevance as a trade port. Locally, the biggest problems are the lack of living space and a lack of career diversity. Time will tell how quickly John Lee's administration can help prop up the subsidised housing supply which has dwindled since the Tung Chee-hwa administration more than 20 years ago.
  • Here in Australia, there are many Hong Kong citizens have settled here now. Very soon, Hong Kong will just be another Chinese mainland city. It's uniqueness is now swallowed by China.
  • @yendayo
    The American flags during the protest is one of the weirdest things.
  • @Jamezontoast
    wow who would have thought that a place with 1000s of years of Chinese history would resemble China?
  • @amunra5330
    The governor of HK was ALWAYS appointed by the UK- never elected.
  • @TheDanLevy
    0:46 the on screen identification of then Prince Charles as King Charles III is incredibly misleading. He wouldn’t become King for decades after this clip. Bloomberg needs better editors or maybe less lazy ones or maybe ones more in touch with the real world. This is just bad journalism. Do better.
  • @sili7270
    The vlogger said Hong Kong will only get better in the future because for sure Hong Kong will become a city just the same as any other mainland cities. And what makes Hong Kong unique will no longer exist. So depending on what you define on “better”…..
  • @CWLOUISLAW
    Wait, did Hong Kong were allowed to choose their own governor or were they all appointed by the British? From what read, it was only recently prior to the hand over that they had limited amount of voting rights (but never has equal rights as British subjects.).
  • As a guy living in Shenzhen I just trying to figure out why your videoclip from 9:10 intentionally make the brightness of light down to a grey level from maybe 245/255 to nearly 128/255. you think this funny? This supermarket is one of three Sam's club store in Shenzhen, the store is owned by American, so even if you want to depict CHina as horrible place, you should not choose an American supermarket right? Ridiculous.
  • @mikegoesnike
    Double standard means no standard. It basically says you must do this and I will do whatever I want.
  • @hahaliu2001
    one big difference between people in HK and people in mainland is that, mainlander think the occupation of HK by British is a big humiliation , while many HKer are proud of those history
  • @halleyoey9535
    Canada freezes bank account of protester. A country right next to america 😂
  • I expect the demograpics of tourists to HK has changed significantly in the last couple of years.
  • @chanmk4041
    7:02 How honest of her. I would go further to say that all of what she has been doing is because of money. Bloomberg taking a sly dig these groups of people in Hong Kong who are nothing but short-sighted. Shame that it seems there will be only more of them as time goes on.