The Sinicisation of the Hong Kong economy or the Hongkongnisation of the Greater Bay Area: Are we ‘barking up the wrong tree’?

The post-1997 massive inflow of capital led to a call to resist the Sinicisation of Hong Kong’s economy, while pragmatic advocators called for a pro-active leadership role for Hong Kong under the national initiative of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) – the Hongkongnisation of southern China. Instead of focusing on the form of the institution, as in the dominant academic discourses, we argue that the credibility and sustainability of the financial market in Hong Kong is determined by the specific functions that it can perform for the Chinese economy under the constraints of ‘One Country, Two Systems’ (OCTS). Copyright © 2022 Informa UK Limited.