The question that seems to bother Hong Kong journalists much more than their counterparts on the Mainland of China is the one that asks when Hong Kong will lose out to Shanghai as a financial centre. Why this difference in focus exists is something of a puzzle, but suggests to me that Hong Kong has developed a real (even though unnecessary) inferiority complex, especially where China is concerned. In the meantime China - or in this case Shanghai - is openly confident about achieving its goals, and sees little of concern that might hinder its progress.
I was brought up to believe that principles were everything. "Intent" was a defining noun. Doing the right thing, even if the "rules" allowed you to go further, was important. It has led to various debates throughout my life where my, at times perhaps, overly conservative/protectionist/reputational shield has come into play. For example, I did not think it "right" that my former employer should open a representative office in Myanmar, even if the rules allowed us, but they went ahead anyway. I closed it as soon as I was in a position senior enough to do so.
I am beginning (?) to sound like a stuck CD! Here he goes again, they say, casting a wet blanket over the market euphoria; making Nouriel Roubini look like an optimist. Frankly, as I have said on numerous occasions previously, I have neither been a premature pessimist nor a blind optimist - but I hope, a realist.