Hong Kong residents have the least confidence about the future in 25 years, amid rising levels of distrust between the local and central government, according to a survey.
The territory of about 7.4 million people has its own laws and currency, while traditions of transparency, low taxes and light regulation have helped make it a major global financial center. That resulted in a"net confidence" reading of minus 16 percent, the worst recorded since polling began 25 years ago in 1994, it said.
"Further analysis shows that the younger the respondent, the less one trusts the central government and the less confident in Hong Kong's future and"one country, two systems," Edward Tai, a senior data analyst for the program, wrote in explaining the findings. Francis Lun, CEO of GEO Securities in Hong Kong, said he was not surprised by the survey results, citing erosion in Hong Kong's political autonomy in recent years, though that has so far not spilled over into the economic system.
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