Hong Kong’s best hope is business resistance

Greetings, I'm Andy Browne, Editorial Director of the Bloomberg New Economy. Almost five years after protesters in Hong Kong fought and lost a battle for democratic freedoms, they've launched a new struggle to protect the territory's status and legal safeguards.

At last, bankers and brokers in the city are waking up to the threat that students, rights activists and lawyers have long perceived: A proposed law allowing extradition to mainland China risks exposing Hong Kong residents to the mainland’s arbitrary justice, imperiling the city’s status as a global financial center. The government's decision to suspend the bill may quiet protests temporarily, but the threat remains.