Beijing’s heavy hand buffs HK credentials

Beijing has been busy this year, introducing and repealing a circuit breaker, and adding share selling restrictions. The approach puts Hong Kong in a good light.

Beijing’s heavy hand buffs HK credentials

Hong Kong observers like a bit of navel gazing. There is rarely a shortage of articles bemoaning Chinese government encroachment on the territory’s laws, the apparent obsequiousness of its government to Beijing and a gradual diminishment of its uniqueness, or its lack of dynamism when it comes to embracing change.

The events of last week should put some of these concerns to rest.

On Thursday, China’s newly introduced stock market circuit breaker...

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