Update on earlier post "Will Shenzhen be the new Hong Kong?"

In view of the substantive change to the way Hong Kong's governance is going through, our earlier conclusion to the question Will Shenzhen be the new Hong Kong? maybe at risk of needing revision.

Recent comments on the new political and legal reality in HK due to developments here highlight new risks sot the city's current reigning position as a global financial centre:

明報: 國安長臂箝洋 嚇怕外資倒米

FT: China draws condemnation for new Hong Kong security law

Economist :A new national-security bill to intimidate Hong Kong

Perhaps Shenzhen now stands a chance after all...