| Abstract | China made its intentions perfectly clear when it announced last week the body that will shape post-1997 Hong Kong. Of the 94 local appointees to the 150-strong Preparatory Committee(PC), more than 50 were business leaders. Collectively, they control 21 listed companies that account for 36% of the territory's stock-market capitalization . Members of the Democratic Party, the territory's largest and most popular political party, were frozen out. "It is a deliberately political set-up to lay the foundations of Hong Kong Inc. under China, " says a veteran local political analyst. |
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