\u003c/blockquote>\n\n\u003c/div>\u003c/figure>\n","oembed":true,"provider":"twitter","rich":true},"children":[]},{"name":"html","config":{"content":" \u003cp>The event includes 20 live auctions that are expected to fetch more than $336 million. The auction hall for Chinese antiques was packed on Tuesday as a rare pouch-shaped glass vase from the Qing dynasty sold for $22.95 million. Some buyers were also bidding by phone or sending representatives on their behalf.\u003c/p> \u003cp>The contrast with chaos on the streets in recent days—in some cases just a short walk from the convention center—was striking. In Wan Chai on Sunday, police fired tear gas at demonstrators who had gathered in a park and vandalized nearby bank branches. In another part of the city, Sham Shui Po, video footage showed a bloodied taxi driver who was dragged out of his car and stomped on by a group of protesters after the vehicle hit some of them.\u003c/p> \u003cp>It was one of the most chaotic weekends since anti-China protests kicked into high gear, with demonstrators paralyzing swaths of the financial hub after the government imposed emergency rule to ban face masks. Protests on Monday failed to gain significant traction, but there’s little sign of a retreat by hardcore demonstrators who’ve grown increasingly violent.\u003c/p> \u003cfigure class=\"wp-block-image\">\u003cimg src=\"https://content.fortune.com/wp-content/uploads/2019/10/GettyImages-1172683985.jpg?w=1024\" alt=\"\" class=\"wp-image-2711481\"/>\u003cfigcaption>Activist Leung \"Long Hair\" Kwok-hung, center, burns a placard during a pro-democracy protest near the Hong Kong Convention and Exhibition Center in the Wan Chai district of Hong Kong, China, on Tuesday, Oct. 1, 2019.\u003c/figcaption>\u003cdiv class=\"image-credit\">Chan Long Hei—Bloomberg via Getty Images\u003c/div>\u003c/figure> \u003cp>The unrest has turned parts of Hong Kong into battle zones on weekends and holidays, wreaked havoc on the tourism industry and sent the $360 billion economy hurtling toward recession.\u003c/p> \u003cp>But so far at least, wealthy enclaves like the Peak and Repulse Bay have been unaffected by the violence. What’s more, many big companies have found ways to sidestep transport disruptions and pockets of unrest, including financial firms that generate a large number of the city’s millionaires.\u003c/p> \u003cp>UBS Group AG, the Swiss financial giant, went ahead with a planned board meeting and gathering for clients in Hong Kong last month despite the protests, \u003ca href=\"https://www.bloomberg.com/news/articles/2019-10-02/bank-ceo-s-hong-kong-trip-shows-city-s-resilience-amid-crisis\" target=\"_blank\" rel=\"noreferrer noopener\">flying\u003c/a> in Chief Executive Officer Sergio Ermotti for the occasion. The city has hosted about $17 billion of initial public offerings this year, including a blockbuster $5 billion \u003ca href=\"https://www.bloomberg.com/news/articles/2019-09-30/ab-inbev-s-asia-unit-opens-higher-despite-gloomy-ipo-market\" target=\"_blank\" rel=\"noreferrer noopener\">listing\u003c/a> by Budweiser Brewing Company APAC Ltd. in September.\u003c/p> \u003cp>Of course, the question looming over Hong Kong is whether its role as one of the world’s premier financial and commercial hubs can continue if the protesters and the government fail to reach common ground. As much as $4 billion of deposits has already flowed out of Hong Kong’s banking system to Singapore, according to an \u003ca href=\"https://www.bloomberg.com/news/articles/2019-10-03/goldman-says-billions-go-from-hong-kong-to-singapore-amid-unrest\" target=\"_blank\" rel=\"noreferrer noopener\">estimate\u003c/a> from \u003ca href=\"https://fortune.com/fortune500/goldman-sachs-group/\" target=\"_blank\">Goldman Sachs Group\u003c/a> Inc.\u003c/p> \u003cp>Hong Kong’s uber-rich also risk coming under pressure from China’s government, which has linked them to the rising inequality it blames for the social unrest. The ruling Communist Party’s mouthpiece, the People’s Daily, has said that Hong Kong authorities should take away land from developers through compulsory acquisition.\u003c/p> \u003cp>It’s a threat that some tycoons appear to be taking seriously. On Oct. 4 the Li Ka-shing Foundation, funded by Hong Kong’s richest man, said it would \u003ca href=\"https://www.bloomberg.com/news/articles/2019-10-04/hong-kong-s-richest-man-steps-up-charity-as-protests-roil-city\" target=\"_blank\" rel=\"noreferrer noopener\">disperse \u003c/a>HK$1 billion ($127 million) to help small and medium firms weather the “unprecedented challenges” facing the city’s economy. The move came just a few days after New World Development Co., controlled by billionaire Henry Cheng, said it would \u003ca href=\"https://www.bloomberg.com/news/articles/2019-09-25/hong-kong-developer-to-donate-own-land-for-housing-amid-protests\" target=\"_blank\" rel=\"noreferrer noopener\">donate\u003c/a> 3 million square feet (278,710 square meters) of land to help with the city’s housing crisis.\u003c/p> \u003cp>It’s unclear whether the billionaires placed any bids at Sotheby’s this week.\u003c/p> \u003ch3>More must-read stories from Fortune:\u003c/h3> \u003cp>—\u003ca rel=\"noreferrer noopener\" aria-label=\"How a tweet about Hong Kong (opens in a new tab)\" href=\"https://fortune.com/2019/10/07/china-hong-kong-protests-houston-rockets-nba/\" target=\"_blank\">How a tweet about Hong Kong\u003c/a> put the NBA on the hot seat\u003cbr>—A Hong Kong app developer \u003ca rel=\"noreferrer noopener\" aria-label=\"used Twitter to convince Apple (opens in a new tab)\" href=\"https://fortune.com/2019/10/04/hong-kong-app-developer-protests/\" target=\"_blank\">used Twitter to convince Apple\u003c/a> to sell his controversial product\u003cbr>—\u003ca rel=\"noreferrer noopener\" aria-label=\"Starbucks in Hong Kong (opens in a new tab)\" href=\"https://fortune.com/2019/10/02/starbucks-hong-kong-maxims-protest/\" target=\"_blank\">Starbucks in Hong Kong\u003c/a>: Caught in the crossfire\u003cbr>—Hong Kong’s mask ban \u003ca rel=\"noreferrer noopener\" aria-label=\"pits anonymity against the surveillance state (opens in a new tab)\" href=\"https://fortune.com/2019/10/04/hong-kong-protests-mask-ban-surveillance-anonymity-facial-recognition/\" target=\"_blank\">pits anonymity against the surveillance state\u003c/a>\u003cbr>—\u003ca href=\"https://fortune.com/2019/10/05/plant-based-meats-china-impossible-beyond/\">Plant-based meats have huge potential in China\u003c/a>, but Beijing wants a homegrown champion\u003cbr>\u003cem>Catch up with \u003c/em>\u003ca href=\"https://cloud.newsletters.fortune.com/fortune/nloptin?nl=DATA_SHEET&source=LinkStack\">\u003cem>Data Sheet\u003c/em>\u003c/a>\u003cem>, Fortune’s daily digest on the business of tech.\u003c/em>\u003c/p> "},"children":[]}]}]},{"name":"dianomi","config":{"type":"footer"},"children":[]},{"name":"recirculation","config":{"heading":"You May Like"},"children":[{"name":"content-list-item","config":{"title":"Hong Kong Protesters Want U.S. Law Pushing More Scrutiny of Their Conflict With Beijing. Will It Backfire?","permalink":"https://fortune.com/2019/10/15/hong-kong-human-rights-democracy-act-china/","hasVideo":false,"themeName":"recirculation","isNativoTout":true,"eyebrowLabel":"International","eyebrowLink":"https://fortune.com/section/international/","postId":2715060,"excerpt":"The Hong Kong Human Rights and Democracy Act would subject the island territory to an annual U.S. government review to determine whether it still qualifies for special trade status.","publishedDate":"2019-10-15 11:57:48","type":"post"},"children":[{"name":"image","config":{"aspectRatio":0.5515695067264574,"attachmentId":2715129,"alt":"Demonstrations hold a banner and American flags during a rally in support of the Hong Kong Human Rights and Democracy Act in Hong Kong, China, on Monday, Oct. 14, 2019. Protesters gathered in the city's central district in a police-sanctioned rally in support of the Hong Kong Human Rights and Democracy Act, a bill proposed in the U.S. to impose sanctions on the city. Photographer: Chan Long Hei/Bloomberg via Getty Images","caption":"Demonstrations hold a banner and American flags during a rally in support of the Hong Kong Human Rights and Democracy Act in Hong Kong, on Oct. 14, 2019. Protesters gathered in the city's central district in a police-sanctioned rally in support of the Hong Kong Human Rights and Democracy Act, a bill proposed in the U.S. to impose sanctions on the city. ","crops":[],"height":2667,"imageSize":"recirculation","lazyload":true,"lqipSrc":"https://content.fortune.com/wp-content/uploads/2019/10/GettyImages-1175987550.jpg?quality=60&resize=60,33","postId":2715060,"retina":true,"showCaption":false,"sources":[{"default":true,"transforms":{"resize":[223,123]},"descriptor":223}],"sourceTags":[],"src":"https://content.fortune.com/wp-content/uploads/2019/10/GettyImages-1175987550.jpg","srcset":"https://content.fortune.com/wp-content/uploads/2019/10/GettyImages-1175987550.jpg?resize=446,246 446w,https://content.fortune.com/wp-content/uploads/2019/10/GettyImages-1175987550.jpg?resize=223,123 223w","url":"https://content.fortune.com/wp-content/uploads/2019/10/GettyImages-1175987550.jpg","useBasicImg":false,"usingDataFallback":false,"width":4000,"fallbackImageUrl":"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7","picture":false,"sizes":"223px"},"children":[]}]},{"name":"content-list-item","config":{"title":"Hong Kong Airport Cancels All Flights as Protests Prompt Biggest Disruption Yet","permalink":"https://fortune.com/2019/08/12/hong-kong-airport-flights-canceled-protest/","hasVideo":false,"themeName":"recirculation","isNativoTout":false,"eyebrowLabel":"International","eyebrowLink":"https://fortune.com/section/international/","postId":2680996,"excerpt":"Protesters swarmed the airport, one of the world's busiest, for the fourth straight day.","publishedDate":"2019-08-12 09:47:37","type":"post"},"children":[{"name":"image","config":{"aspectRatio":0.5515695067264574,"attachmentId":2681001,"alt":"Protesters swarm the main terminal of Hong Kong International airport","caption":"Hong Kong airport officials cancelled all remaining flights on Monday as protests at the transport hub stretched into a fourth day.","crops":[],"height":683,"imageSize":"recirculation","lazyload":true,"lqipSrc":"https://content.fortune.com/wp-content/uploads/2019/08/GettyImages-1161106958.jpg?quality=60&resize=60,33","postId":2680996,"retina":true,"showCaption":false,"sources":[{"default":true,"transforms":{"resize":[223,123]},"descriptor":223}],"sourceTags":[],"src":"https://content.fortune.com/wp-content/uploads/2019/08/GettyImages-1161106958.jpg","srcset":"https://content.fortune.com/wp-content/uploads/2019/08/GettyImages-1161106958.jpg?resize=446,246 446w,https://content.fortune.com/wp-content/uploads/2019/08/GettyImages-1161106958.jpg?resize=223,123 223w","url":"https://content.fortune.com/wp-content/uploads/2019/08/GettyImages-1161106958.jpg","useBasicImg":false,"usingDataFallback":false,"width":1024,"fallbackImageUrl":"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7","picture":false,"sizes":"223px"},"children":[]}]},{"name":"content-list-item","config":{"title":"Fears of a Military Crackdown in Hong Kong are Overblown","permalink":"https://fortune.com/2019/08/17/ceo-daily-august-17/","hasVideo":false,"themeName":"recirculation","isNativoTout":false,"eyebrowLabel":"Commentary","eyebrowLink":"https://fortune.com/section/commentary/","postId":2684308,"excerpt":"The special Sino Saturday edition of CEO Daily.","publishedDate":"2019-08-17 14:05:00","type":"post"},"children":[{"name":"image","config":{"aspectRatio":0.5515695067264574,"attachmentId":2611237,"alt":"fortune logo icon (black)","caption":"","crops":[],"height":900,"imageSize":"recirculation","lazyload":true,"lqipSrc":"https://content.fortune.com/wp-content/uploads/2019/04/fortune-logo-1600x900-black.jpg?quality=60&resize=60,33","postId":2684308,"retina":true,"showCaption":false,"sources":[{"default":true,"transforms":{"resize":[223,123]},"descriptor":223}],"sourceTags":[],"src":"https://content.fortune.com/wp-content/uploads/2019/04/fortune-logo-1600x900-black.jpg","srcset":"https://content.fortune.com/wp-content/uploads/2019/04/fortune-logo-1600x900-black.jpg?resize=446,246 446w,https://content.fortune.com/wp-content/uploads/2019/04/fortune-logo-1600x900-black.jpg?resize=223,123 223w","url":"https://content.fortune.com/wp-content/uploads/2019/04/fortune-logo-1600x900-black.jpg","useBasicImg":false,"usingDataFallback":false,"width":1600,"fallbackImageUrl":"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7","picture":false,"sizes":"223px"},"children":[]}]},{"name":"content-list-item","config":{"title":"‘Strong Countermeasures’: After U.S. House Passes Bills Backing Hong Kong Protests, China Threatens Retaliation","permalink":"https://fortune.com/2019/10/16/hong-kong-china-hkhrda-congress/","hasVideo":false,"themeName":"recirculation","isNativoTout":false,"eyebrowLabel":"International","eyebrowLink":"https://fortune.com/section/international/","postId":2716290,"excerpt":"The legislation includes the Hong Kong Human Rights and Democracy Act, which will put Hong Kong's trade status with the U.S. under annual review.","publishedDate":"2019-10-16 09:59:04","type":"post"},"children":[{"name":"image","config":{"aspectRatio":0.5515695067264574,"attachmentId":2716465,"alt":"Anti-Government Protests Continue in Hong Kong","caption":"Pro-democracy protesters hold banners and shout slogans during a rally ahead of Hong Kong Chief Executive Carrie Lams annual policy speech outside of Central Government Complex on October 16, 2019 in Hong Kong, China.","crops":[],"height":2730,"imageSize":"recirculation","lazyload":true,"lqipSrc":"https://content.fortune.com/wp-content/uploads/2019/10/GettyImages-1176122560.jpg?quality=60&resize=60,33","postId":2716290,"retina":true,"showCaption":false,"sources":[{"default":true,"transforms":{"resize":[223,123]},"descriptor":223}],"sourceTags":[],"src":"https://content.fortune.com/wp-content/uploads/2019/10/GettyImages-1176122560.jpg","srcset":"https://content.fortune.com/wp-content/uploads/2019/10/GettyImages-1176122560.jpg?resize=446,246 446w,https://content.fortune.com/wp-content/uploads/2019/10/GettyImages-1176122560.jpg?resize=223,123 223w","url":"https://content.fortune.com/wp-content/uploads/2019/10/GettyImages-1176122560.jpg","useBasicImg":false,"usingDataFallback":false,"width":4096,"fallbackImageUrl":"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7","picture":false,"sizes":"223px"},"children":[]}]},{"name":"content-list-item","config":{"title":"As Anti-Beijing Protests Surged, China Told State-Owned Firms to Buy Control of Hong Kong Companies","permalink":"https://fortune.com/2019/09/13/china-hong-kong-protests-state-owned-firms-investment/","hasVideo":false,"themeName":"recirculation","isNativoTout":false,"eyebrowLabel":"International","eyebrowLink":"https://fortune.com/section/international/","postId":2697234,"excerpt":"The government urged senior representatives from nearly 100 of China’s largest state-owned enterprises to help cool the crisis in Hong Kong, according to Reuters.","publishedDate":"2019-09-13 09:10:50","type":"post"},"children":[{"name":"image","config":{"aspectRatio":0.5515695067264574,"attachmentId":2697239,"alt":"Buildings on the Hong Kong skyline are seen from Victoria Peak at night in Hong Kong, China, on Wednesday, Aug. 28, 2019. Anti-government protesters in Hong Kong have sustained their momentum since the first rally on June 9, creating the biggest crisis for Beijings rule over the former British colony since returning to China in 1997. On Monday, Sept. 16, the protests, which show no sign of stopping, will reach the 100-day mark. Photographer: Paul Yeung/Bloomberg via Getty Images","caption":"Buildings on the Hong Kong skyline are seen from Victoria Peak at night in Hong Kong, China, on Aug. 28, 2019. Anti-government protesters in Hong Kong have sustained their momentum since the first rally on June 9, creating the biggest crisis for Beijing's rule over the former British colony since returning to China in 1997. On Monday, Sept. 16, the protests, which show no sign of stopping, will reach the 100-day mark. ","crops":[],"height":2622,"imageSize":"recirculation","lazyload":true,"lqipSrc":"https://content.fortune.com/wp-content/uploads/2019/09/GettyImages-1167700951.jpg?quality=60&resize=60,33","postId":2697234,"retina":true,"showCaption":false,"sources":[{"default":true,"transforms":{"resize":[223,123]},"descriptor":223}],"sourceTags":[],"src":"https://content.fortune.com/wp-content/uploads/2019/09/GettyImages-1167700951.jpg","srcset":"https://content.fortune.com/wp-content/uploads/2019/09/GettyImages-1167700951.jpg?resize=446,246 446w,https://content.fortune.com/wp-content/uploads/2019/09/GettyImages-1167700951.jpg?resize=223,123 223w","url":"https://content.fortune.com/wp-content/uploads/2019/09/GettyImages-1167700951.jpg","useBasicImg":false,"usingDataFallback":false,"width":3933,"fallbackImageUrl":"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7","picture":false,"sizes":"223px"},"children":[]}]},{"name":"content-list-item","config":{"title":"What U.S. Congress Is—and Isn’t—Doing About Hong Kong Democracy Protests","permalink":"https://fortune.com/2019/10/04/hong-kong-protests-us-response-demands/","hasVideo":false,"themeName":"recirculation","isNativoTout":false,"eyebrowLabel":"Politics","eyebrowLink":"https://fortune.com/section/politics/","postId":2709991,"excerpt":"U.S. Congress is moving closer to making a statement in support of Hong Kong democracy protesters—to the dismay of China’s leaders. ","publishedDate":"2019-10-04 16:50:55","type":"post"},"children":[{"name":"image","config":{"aspectRatio":0.5515695067264574,"attachmentId":2710007,"alt":"Anti-Government Protests Continue in Hong Kong","caption":"Pro-democracy protesters remove a fence on a expressway during a rally in Causeway Bay district on October 4, 2019 in Hong Kong, China. 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