Hong Kong Is the Lung Through Which Chinese Banks Breathe

Heard on the Street: The city’s GDP relative to China’s keeps shrinking, but that belies its role in the country’s banking system

“The naked truth about Hong Kong’s future can be summed up in two words: It’s over,” said Fortune Magazine. Certainly, there are plenty of pessimists who believe the city’s fragile role as a hub pinned between the People’s Republic of China and the global financial system has run its course.

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