The democracy debate

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July 2007

The nature of constitutional reform in Hong Kong is likely to define its future

More sizzle than steak," is the verdict of Jack Maisano, president of the American Chamber of Commerce in Hong Kong, on the Closer Economic Partnership Agreement (CEPA), introduced in 2004 to give Hong Kong a head start on its rivals in the China market.

However, he does stress that developments like CEPA - more a wave of encouragement for cross-boundary business rather than a gift of gold - do stand out as individual examples of a strengthening Hong Kong-mainland bond.

It ...

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