7-min readOn a cloudy June day, the Jumbo Floating Restaurant was towed out of Hong Kong's Aberdeen harbour.
But ahead of the handover in 1997, Fortune magazine published a cover story -"The death of Hong Kong" - lamenting that"the naked truth about Hong Kong's future can be summed up in two words: It's over." While people left Hong Kong in 1997 thinking it was the end of the city's prospects, he says what they forget is that China is part of Hong Kong's appeal and what it offers to the business world.
Experts also point to Hong Kong's role as a financial hub in the Greater Bay area - a project that is connecting 11 cities in southern China with Hong Kong at the centre. The zone's combined GDP already matches that of South Korea. And as the US increasingly turns away Chinese companies from its stock markets, Hong Kong will benefit. Around 100 mainland firms are at risk of delisting in the US.