Hong Kong, once celebrated as a key international financial hub and a vital conduit for foreign investments into mainland China, is grappling with a shifting identity. The city’s gradual alignment with the mainland, diminishing its unique status as a Special Administrative Region, has raised alarm bells in the global financial community. This unsettling shift was starkly evident at the recently convened second Global Financial Leaders’ Investment Summit. Analysts observe significant changes in China’s business climate, prompting Wall Street leaders to seek insights into the Chinese Communist Party’s (CCP) strategies and policies. The summit, themed “Living with Complexity,” took place in Hong Kong on Nov. 7, drawing luminaries like James Gorman of Morgan Stanley, Goldman Sachs’ David Solomon, UBS Group’s Colm Kelleher, and Deutsche Bank’s Christian Sewing, alongside more than 300 other prominent figures from the world’s leading financial institutions....Read more https://www.theepochtimes.com/china/financial-giants-converge-in-hong-kong-amid-concerns-over-political-situation-5529992