Executive Summary: The People’s Republic of China (PRC) continues to use Hong Kong to test policies and build support for the internationalization of its currency, the renminbi (RMB). The city is now the world’s largest offshore RMB clearing center. The Cross-border Interbank Payment System (CIPS)... MORE

Executive Summary: New Network Data Security Management Regulations approved by the People’s Republic of China (PRC) State Council will serve as a national-level framework to clarify and enhance the implementation of existing laws, including the Cybersecurity Law (CSL), Data Security Law (DSL), and Personal Information... MORE

Executive Summary: Key officials visited the Hong Kong Special Administrative Region (HKSAR) in late August to explain the city’s political, economic, cultural, and security responsibilities. They signaled deeper integration with the People’s Republic of China (PRC) mainland while leveraging its unique international position. Hong Kong... MORE

Executive Summary: Beijing continues to exploit US policies to circumvent technology controls and to lower the scrutiny applied to its technology transfer activities. Hong Kong as part of the Greater Bay Area—is tasked to focus on third-generation chip production to leapfrog US and allied chokepoints... MORE

Executive Summary: Analysis of five gray media outlets in Hong Kong during the consultation period for Article 23 legislation passed earlier this year, show how they echo governmental talking points and coordinate to produce collaborative content across popular social media channels. These outlets often present... MORE

Executive Summary: Hong Kong’s Securities and Futures Commission (SFC) announced that 11 cryptocurrency exchanges are close to being licensed to operate in the city, aiming to establish Hong Kong as a leading digital assets hub. However, 12 exchanges did not advance in the licensing process,... MORE

Executive Summary: Hong Kong’s Article 23 legislation will integrate the PRC's national security framework into Hong Kong's legal system, impacting the city's rule of law and foreign business interests. Broad and vague definitions of national security will create challenges for Hong Kong's common law system.... MORE

Executive Summary: New National Security legislation, which emulates recent PRC laws, and the potential torture of a witness in the ongoing trial of Jimmy Lai, is characteristic of the erosion of legal norms in Hong Kong as it moves towards full unification with the CCP... MORE

Executive Summary The GBA, covering 56,000 square kilometers with 70 million people, aims to become a globally renowned economic and technological hub, comparable to bay areas like San Francisco, Tokyo, and New York. Its economic output surpasses 13 trillion RMB ($1.8 trillion) by 2022, exceeding... MORE

On New Year’s Eve, a prerecorded address from Chinese President Xi Jinping was broadcast across the Party’s global network of official media outlets (Youtube, December 31, 2023). The speech is an annual tradition, delivered from behind a wooden desk in rhetoric that is at once... MORE