in China , Hong Kong ,
If I personalise the Individual Visit Scam as being CY's responsibility, it's only because CY claimed that title long ago in a speech on 23 January 2013 to the Joint Business Community Luncheon.
Ten years ago, I was sent by the then Chief Executive, Mr C H Tung, to Beijing. We wanted to explore with the Central Authorities the possibility of allowing residents in the more affluent cities in the Mainland to come to Hong Kong as tourists without having to join tour groups. Some commentators were again sceptical. They somehow believed that these tourists would not have the spending power, that they would pose a risk to law and order, and might even become illegal immigrants. But again we ploughed on.
The rest is history. Today, the Mainland is the biggest market for our professionals and the biggest source of tourism income. The sceptics were wrong on all counts. These two sectors of our economy have seized on the opportunities and confronted the many challenges by working with the Government. Both sectors have benefited from CEPA.
Please note the effort CY expends on entangling CEPA and the IVS. This is part of the mythos of the CCP being HK's economic saviour in the post-SARS world. For the average HKer, CEPA is a joke only highlighted by the VAT-avoiding smugglers that have become the target of localist protests in HK. At worst CEPA represents the transfer of wealth and talent from HK's developed industries to the mainland, like the film industry, which leaves the film industry actually in HK on life support. The IVS, on the other hand, is the crown jewel for two groups of shibboleth babblers: the 'CCP is infallible' shibboleth babblers and 'growth in stats on the Bloomberg News scroll bar is the only goal' shibboleth babblers. Both of these babbling groups are willfully blind to the actual impacts in reality of their beliefs, which is why they're conjoined twins in HK to block out any sort of reality creeping in to governance via votes of people living in the real world.
In the real world people can clearly see there is an alternative to their economic dead-end policies which produce community-killing economic distortions. In the real world the grand story arc from the political marketing team faces the reality of shops being forced to close to make room for the conjoined twins to suck even more money out of the economy to line their own pockets. And no return of the smugglers or sudden appearance of southbound-cash being dumped in to the HK-listed stocks of mainland corporations will change that reality on the street.