Cayman Islands Too Far Away? Just Build Your Own
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Jan. 15 (Bloomberg) -- Fifteen years ago, China wasecstatic to regain control of Hong Kong and all it represented:freshly minted billionaires, a culture in which corporatechieftains outshine movie stars, and splashy initial publicofferings that rival New York and London.
Just before the handover, though, executives and investorsfretted over what China would do with the place. Would theCommunist Party tie a noose around the city? Or meddle with thetransparency and pro-business policies that made Hong Kongunique? As 2013 begins, such fears are returning in ways thatshould unsettle capitalists everywhere.