At midnight on June 30, 1997, Hong Kong became part of the People's
Republic of China. The transfer of Hong Kong sovereignty from Great
Britain to China was an extraordinary historical event, signifying
the end of the West's colonial presence in Asia and the rise of
China's hegemony.
In 150 years as a British colony, Hong Kong changed from a
barely inhabitable colonial entrepot to one of the world's leading
financial and industrial centers. Faced with a new social and
economic order under Chinese law, many Hong Kongers moved to a new
country; others decided to stay; but many chose to maintain their
lives and livelihoods in Hong Kong, while spreading their assets
and their family members around the world. They bought apartments
in London and condos in Vancouver, invested in firms in Guangzhou
and Thailand, and sent their children to schools in Europe and
Australia. These new up-market migrants have transformed a
cosmopolitan outlook into a global presence.
Cosmopolitan Capitalists focuses on the people of Hong Kong and
how they are defining themselves under altered circumstances. It is
a broad multidisciplinary view of Hong Kong's transformation,
written for a general audience by some of the world's foremost
scholars on the region.
General
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