Investors should not underestimate the risks arising from the growing political dissonance in Hong Kong. The protests in early July were the largest since 2003, when Hong Kong people, fearing a loss of democratic rights, turned out in force to register their anger at proposals to tighten internal security laws. Those protests eventually led to the resignation of Hong Kong’s then chief executive, Tung Chee Hwa. This time, the political tide in the territory is turning against China and the consequences could be more serious.
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Manu Bhaskaran is Director of Centennial Group International and the Founding Director and Chief Executive Officer of Centennial Asia Advisors. Mr Bhaskaran is an expert on economic and political risk assessment and forecasting. Before joining the Centennial Group, he was Chief Economist for Asia of a leading international investment bank and managed its Singapore-based economic advisory group.
Mr. Bhaskaran is a well-regarded commentator on Asian financial and economic affairs, and has regular columns in business weeklies such as the Nikkei in Japan and the Edge in Singapore/Malaysia. He serves as Senior Adjunct Fellow, Institute of Policy Studies, Council Member of the Singapore Institute of International Affairs and Vice-President of the Economics Society of Singapore. Mr. Bhaskaran has a Master’s degree in Public Administration from the John F Kennedy School of Government at Harvard University and a Bachelor’s degree in economics from Cambridge University. He has also qualified as a Chartered Financial Analyst. He is based in Singapore.