One of the real reasons ccp needed to wrestle complete control over HK was essentially to ensure it remained a money laundering hub and jurisdiction that could be used, when convenient, to be able to include or exclude from ccp financial data etc. Just one example is the supposed foreign transactions/flows of RMB that get touted so much in narratives about their currency. How much of that is actually just HK$/RMB shenanigans including the stock connect schemes between the two jurisdictions?
That Kristalina Georgovia was implicated but allowed to remain without further scrutiny even though she was "involved" with assisting ccp with the necessary authorisations to have that HK/ccp setup.
https://thedocs.worldbank.org/en/doc/84a922cc9273b7b120d49ad3b9e9d3f9-0090012021/original/DB-Investigation-Findings-and-Report-to-the-Board-of-Executive-Directors-September-15-2021.pdf