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Hong Kong stumbles on its own pivotal test as global financial hub

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Four years after Hong Kong began a sweeping crackdown on political dissent, the city is struggling to meet one of its own standards to assure foreign investors that it remains a predictable place to do business.

Hong Kong’s top court, created in 1997 when the former British colony returned to Chinese rule, saw about half of its 15 foreign judges leave at its peak in 2019. Eight of them resigned or chose not to renew their three-year terms after Beijing imposed a national security law on the city in 2020, data compiled by Bloomberg News show. Before that, there had been no early resignations.

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