Going into 1997 a fair number of upper and upper middle class people in Hong Kong did leave to other countries out of fear of Communist rule. The former manifested in the form of the old Jewish shipping clans relocating to Israel. The latter was selective Chinese immigration to Vancouver, Sydney, and London. The British returned to the UK.Among those who stayed, most were highly bullish on the Chinese economy and HK’s role in it. They were proven right over the next two decades. In 1996, Shui On Group bough ...