Study Abroad: Illustration 07A
on December 1, 2014








Hong Kong is one of the world’s top venues for initial public offerings, thanks to listings by Chinese companies over the years, but most of the IPOs have been a losing bet for investors, with the bulk of them lagging behind the market in recent years.
An effective boycott by the relevant interlocutors, in the form of government officials, and for two months the lack of a face-to-face oppressor, in the form of police—who until last week appeared to have learned that gassing protesters was the equivalent of poking a stick into a hornet's nest—left Hong Kong's democracy movement to turn in on itself.
Sounding confident after a burst of high-profile diplomacy, President Xi Jinping told Communist Party officials in a major address here over the weekend that China would be nice to its neighbors in Asia but that he would run an active foreign policy and be relentless in promoting China’s rejuvenation onto the global stage.