Hong Kong’s ‘Mainlandization’ Remaking World City

09/15/23 • 24 min

Hong Kong’s niche as a social and economic crossroads has framed its legend for decades. Now, a new generation of eager, young professionals from mainland China is rushing to Hong Kong to pursue similar dreams, filling the gap left behind by the city’s dwindling ranks of western expats. Their presence signals a seismic shift toward the city’s “mainlandization” and heralds the emergence of a compelling new chapter in Hong Kong’s history.

What’s driving this watershed change? What will it mean for Hong Kong’s economy? Its job market? Its business prospects? Mark Tibbatts of PageGroup, and Francis Chan and Peter Lau of Bloomberg Intelligence join hosts John Lee and Tom Corbett for a glimpse into Hong Kong’s future, and what it means for the world.

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Previous Episode

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Asia Centric by Bloomberg Intelligence - Hong Kong’s ‘Mainlandization’ Remaking World City

Transcript

Speaker 100:00:02.520

You're listening to Asia Centric from Bloomberg Intelligence, the podcast that pulls back the curtain on global business so you can invest better across the Pacific realm. I'm Tom mc corbett in Hong Kong and I'm John Lee. Hong Kong. So called brain drain is turning back into a brain game as thousands of knowledge workers return to the city after fleeing COVID. But who's coming back and from where could have a big impact on the city's economy, its