Gateway Colony as Arbitrage Position

“The significance of Hong Kong and Macau as gateways connecting China to the world had already been established by the late 19th century. This naturally fostered robust trade, financial, and personnel exchanges with overseas Chinese and the Western world. The residents of these regions, living amidst a blend of Eastern and Western cultures, developed adept communication skills, business acumen, and an understanding of global trends, which not only contributed to China’s self-reliance in the last century but also played a significant role in the national rise of this century.”

“Hong Kong, and Macao as European colonies provided convenient systems similar to the western world without Western-style immigration restrictions, close to one's homeland. Thus, it became the ideal residing place for many "overseas returning Chinese," drawing numerous individuals to Hong Kong, such as the Wong brothers' Lane Crawford family, the Kwok family of Sincere Co., Ltd., the Eu Yan Sang family of Eu Tong Sen, Tiger Balm’s Aw family, and later the Kerry Group's Kwok family, Sino Group's Ng family, and the Lin family of Lee Kum Kee, serving as prime examples of Hong Kong's rise as a commercial and trade center.”