China's march to common prosperity: A risky path for HK tycoons, investors

Most observers see risk factor rising for the city, although the impact will still be limited

The stakes for profit hunters and tycoons in Hong Kong are higher than ever as Chinese President Xi Jinping pushes for "common prosperity" in the mainland, in turn raising the question of whether the city will also face the same fate in time to come.

Observers familiar with Chinese politics and the financial industry are divided on how the wealth distribution push in the mainland will affect Hong Kong, but most believe the risk factor for Hong Kong has risen, although the impact will still be limited.

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A version of this article appeared in the print edition of The Straits Times on September 15, 2021, with the headline 'China's march to common prosperity: A risky path for HK tycoons, investors'. Subscribe