Abysmal financial decline of Hong Kong
Taipei Times 2023.12.3
By Paul Lin 林保華
On Tuesday, Taiwan’s TAIEX stock index peaked at 17,360 points and closed at 17,341 points, surpassing Hong Kong’s Hang Seng Index, which fell to 17,303 points and closed at 17,541 points. A few years ago, the gap between the Taiwanese and Hong Kong stock indices was more than 20,000 points, but this was before the 2019 anti-extradition protests.
Hong Kong is one of the world’s most important financial centers, but many Chinese Internet users joke that it is only a ruin today. When asked by a legislative councilor whether he would communicate with social media platforms in the mainland to request deleting or blocking such posts, Office of the Government of the Hong Kong Special Administrative Region in Beijing Director Rex Chang (鄭偉源) said that the office had been paying attention to the comments and would continue to trace the sources of the remarks, pledging to keep a close eye on it.