I have been saying since 1997 no China city could replaced HK as China’s primary financial center until RMB became fully convertible. The earliest will be 2035. Those who bet against me lost again. SCMP: Step aside Shanghai, Hong Kong is China’s prize financial hub 我從1997年就一直說，在人民幣完全可兌換國際化之前，沒有任何一個中國城市能夠取代香港成為中國主要的金融中心。最早也要到2035年。那些跟我打賭的人又輸了. 南華早報：上海退居二線，香港才是中國最重要的金融中心 Johnson Choi 蔡永強 June 6 2025

https://www.scmp.com/business/banking-finance/article/3313362/why-hong-kong-chinas-undisputed-hub-global-finance-shanghais-expense?