As hedge fund managers declare victory with the launch of the Shanghai-Hong Kong stock link, don’t forget the obvious loser: the city’s pro-democracy movement.

For almost seven weeks, the students who have commandeered key streets around Hong Kong have sought modest concessions from Beijing. They probably would’ve folded their tents long ago if President Xi Jinping had signaled he might, perhaps, maybe let Hong Kongers choose their own leader at some vague point in the years ahead. The angry masses might’ve even settled for the slightest hint that unpopular Chief Executive Leung Chun-ying might step down early.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.