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"One Country, Two Systems in Hong Kong, it's a failure, Taiwan will not accept One Country, Two Systems," VP candidate Jaw Shau-kong said.

Beijing threatens to suspend tariff concessions on Taiwanese agricultural, fishery, machinery, auto parts and textiles as it seeks to ramp up pressure.

‘Many wealthy clients want to migrate here,’ says Undersecretary for Financial Services and the Treasury Joseph Chan Ho-lim, adding that the revamped scheme may attract HK$120 billion (US$15.4 billion) in capital a year.

Hong Kong's first non-governmental patriotic exhibition hall opened in Hong Kong on January 1. The exhibition hall aims to provide a platform for understanding and learning Xi patriotic history. The event was organized by the Hong Kong Talent Service Association and Yingjie Museum, supported by China Mobile Hong Kong Co., Ltd. The organizers hope to establish mainstream values compatible with "one country, two systems" and strengthen the sense of identity of Hong Kong, Macao and Taiwan. The opening ceremony was attended by a large number of people, including members of the public.

While geopolitics has hurt the world’s perception of Hong Kong, the city should also reflect on whether it has indulged too much in past glory and is ill prepared for survival and revival under new circumstances.