The era of Hong Kong has passed and ended. Hong Kong used to be the world's financial center, but now Hong Kong has become prosperous. Now the most well-known cryptocurrency exchange OKX announced that Binance, Huobi, etc., after careful consideration of the business development prospects, decided to withdraw the application for the Virtual Asset Service Provider (VASP) license.

Hong Kong used to attract countless gold diggers with its unique geographical location and free and open economic policies, and wrote one wealth myth after another. However, time flies. Today, 40 years later, the streets of Hong Kong are no longer the bustling scene of people coming and going. This article will analyze the economic changes in Hong Kong from multiple angles, dimensions and levels, and try to describe this process in a humorous and interesting language.

Geopolitical Game

Hong Kong, a former British colony, has become a bridge for my country to connect with the world after its return to the motherland in 1997. However, in recent years, Hong Kong's geopolitical status has gradually been challenged. On the one hand, the connection between mainland my country and Hong Kong is becoming increasingly close, and the construction of the Guangdong-Hong Kong-Macao Greater Bay Area has provided Hong Kong with new development opportunities; on the other hand, Hong Kong's role on the international political stage is becoming increasingly important, and it has become the focus of the Sino-US game. In this game, Hong Kong's economic status is constantly adjusted to seek a new balance

In the 1980s and 1990s, the four major industrial pillars of Hong Kong, finance, real estate and tourism flourished, attracting investors from all over the world. However, with the rise of mainland my country, Hong Kong's manufacturing industry has gradually lost its competitiveness, and the real estate industry has also fallen into a downturn due to the bursting of the bubble. Against this background, Hong Kong began to seek industrial transformation and vigorously develop emerging industries such as innovative technology and cultural creativity. However, the pain of transformation is inevitable, and it is difficult for Hong Kong's economy to restore its former prosperity in the short term.

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