Hong Kong's Transformation into Xianggang

Hong Kong, once known for its unique identity and strong economy, has undergone significant changes in recent years.

While some argue that the city remains resilient with a thriving IPO market and steady population, others point to the negative impacts of China's national security laws, the resignation of foreign judges, and the shift in the city's cultural composition.

The economic performance is largely driven by Chinese companies and government stimulus, not local innovation.

The city's transformation into Xianggang reflects a fundamental change in its character, with a mix of Mandarin and Cantonese speakers and a workforce that includes many mainland Chinese workers.

The Hong Kong of old is indeed over, and the city is now more aligned with mainland China.