"Wealthy Chinese feast on HK's luxury goods" from Financial Times

"But Hong Kong's underground financial market is bigger today than that of Dubai's, adds Thomas Chan, head of the China Business Centre at Hong Kong Polytechnic University. "It is capital flight, but it can go back in again," says Prof Chan. "Mainland Chinese are using (Hong Kong's capitalist system) for investment and diversification. Hong Kong is a Casablanca : all kinds of people from different countries are dealing with each other informally here.""