Posted inHong Kong

Moody’s downgrades Hong Kong, blames government response to protests

by Jerome Taylor Hong Kong’s reputation as a global business hub was dealt a fresh blow Monday after Moody’s downgraded a key rating, blaming a lack of government response to months of popular protests and China’s increased influence over the city’s institutions. The rating downgrade is a major blow to Hong Kong’s pro-Beijing leader Carrie Lam, […]