HK, you're going down!

[Green Pea]

td36285n,

I like the way you think and your sarcasm. However, in this case I think you are slightly misguided.

First, you've got the language wrong. Hong Kong doesn't speak Cantonese, Mandarin, English, or Tagalog, it speaks Accounting. Hong Kong doesn't have a Chinese or International culture, it's culture is Rule of Law. When mainlanders or others come to HK, they learn to speak Accounting and adopt the Rule of Law culture. If they don't, then the Immigration Dept, Inland Revenue, or ICAC will kick them out.

Secondly, you state, "China is trying to reform its financial industry". The operative word is trying. They haven't done it. They are not even close. HK is light years ahead and China will never catch up. Unfortunately, when it comes to finance, there is no second place. You either have it or you don't. HK, Singapore, Japan, US, UK, Switzerland, Australia, etc, have it. China, Taiwan, Philippines, Malaysia, Indonesia, Korea, etc, do not. If Taiwan or Malaysia can't pull it off, what chance does China have? In fact, imho, China is falling further behind in the finance game.

Your thoughts on household language, education, immigration, income inequality, etc, are humorous, but quite inconsequential to the bigger picture.