The article analyzes the historic global transformation caused by geopolitical rivalry and economic restructuring. It suggests that for Hong Kong, transitioning beyond its current intermediary role is essential for navigating profound international changes.

The world is undergoing a transformation of historic proportions. Geopolitical rivalry, economic restructuring and technological acceleration are converging to reshape the global order. These changes transcend the logic of any single nation, industry or moment in time, exerting profound influence on international politics, geoeconomics, industrial structures, capital flows and investment strategies. For Hong Kong, this “great change unseen in a century” is not an abstraction. It is a pressing...