An Analysis of the Impact of Dual Crises on Hong Kong’s Financial Development

Abstract

According to the GFCI ranking from 2018-2020, Hong Kong fell from third to sixth, surpassing cities in other Asian countries and some inland cities in China. Hong Kong’s marginalization has intensified because of the impact of the new crown epidemic and anti-repair incidents. However, Hong Kong’s marginalization is indeed somewhat inappropriate. As far as the situation is concerned, Hong Kong still has a strong competitiveness, although it is lagging behind, but Hong Kong should think deeply about the strategy and system of “one country, two systems”, believe in the country’s strategic intention and adjust its state in time to re-exclude the public’s understanding of its marginalization.