The building that burned down was worth 10 billion HKD.
The market size of Hong Kong's bamboo scaffolding industry is only about 1.5 billion HKD annually. The main interest group is the 2,500 licensed "spidermen" in Hong Kong, with an average age of 55, who are too old to learn steel scaffolding.
Therefore, Hong Kong is currently the only modern city that uses bamboo scaffolding on a large scale.
Even this small market is so tightly controlled by local interests.
It's not surprising at all that all encryption licenses in Hong Kong are issued to locals. 🙂
The secure external network was also built by the bamboo scaffolding team; they can't escape the blame for that.