Fitch downgrades Hong Kong citing protests and China fears

Fitch downgrades Hong Kong citing protests and China fearsHong Kong's reputation as a dependable financial hub took a hit on Friday after Fitch downgraded the city's sovereign rating, citing ongoing protests and uncertainty caused by closer integration with the Chinese mainland. Millions of pro-democracy supporters have taken to Hong Kong's streets for the past three months in the biggest challenge to China's rule since the city's handover from Britain in 1997. The sometimes violent protests have heaped pressure on Hong Kong's economy, which had already been under pressure from the US-China trade war.




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