At Fiducia on Gloucester Road, Hong Kong is still okay. From the offices of the management consultancy on the 15th floor, the view falls down to the sea and the city skyline – for decades both together resulted in the intoxicating mixture of urbanity, freedom and space that so shaped Hong Kong.
Fiducia founder Jürgen Kracht is now 73 years old. He has lived here most of his life and perhaps because of it he has acquired the foresight and calmness it takes to understand what has happened in Hong Kong over the past few months. “If you just look at the big lines, there have always been cycles of opening and closing in Chinese history,” he says. “In 1950, during the Korean War, the USA imposed