Why Shanghai Needs to Be More Like Hong Kong

The video discusses why Shanghai is unlikely to replace Hong Kong as a financial hub soon. It emphasizes that China should learn from Hong Kong's successful institutions, such as its rule of law and open media environment, rather than suppress them. Additionally, the video suggests that Singapore could benefit from China's clampdown on Hong Kong by maintaining a low profile and observing the developments.

What is the significance of maintaining a fair ethos and rule of law in the context of Hong Kong's success?

How should Singapore position itself in response to the situation in Hong Kong?