How China is tightening its grip on Hong Kong’s economy Business


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By: Bloomberg | Updated: June 24, 2020 10:26:12 am Riot police attempt to disperse crowds during a protest in Hong Kong, on June 12, 2020. (Bloomberg: Justin Chin) China is not only tightening its political grip on Hong Kong to rein in the restive city, it’s pushing harder to deepen its influence over the international finance hub’s business life. From real estate to initial public offerings, debt issuance and telecommunications, mainland Chinese companies — many of which have government backing — are playing increasingly assertive roles in almost every corner of the city. It’s a shift that has been in...