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Well now it's dependent on the Chinese regulatory blob which I would argue is worse.

The EU is still debating after 3 years of war in Ukraine and weekly nuclear threats what to do with the Russian funds, let's be real, with the same situation in HK, the funds would have been seized within a week.



Not doubting but genuinely curious - what type of situation are you alluding to in which China would freeze a foreign nations funds in HK?


Well, recognizing Taiwan as an independent country for starters. The countries that recognize Taiwan are not recognized as independent states by China.

https://en.wikipedia.org/wiki/International_recognition_of_T...




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