tycoonocracy

Noun

 * 1)  Rule by tycoons, plutocracy.
 * 2) * 1997, Reuters News Service, “Party quits Hong Kong race”, Nov. 28 1997:
 * “Hong Kong's economic elites simply do not need further advantages,” he said [Martin Lee of The Democratic Party of Hong Kong], adding that the change would help turn Hong Kong into a “tycoonocracy.”
 * 1) * 2011, Joseph Y. S. Chenga, Journal of Comparative Asian Development, “Goodstadt, Leo F. (2007). Profits, politics and panics — Hong Kong's banks and the making of a miracle economy, 1935–1985. Hong Kong: Hong Kong University Press, xi, 315 pp.”, Volume 10, Issue 1, 2011, pages 186–196, DOI:10.1080/15339114.2011.578493
 * He labels these unhealthy links between the government and unelected, quasi-hereditary business elite as “tycoonocracy”. Unfortunately, since the publication of this book in 2007, the phenomenon of “tycoonocracy” has become more conspicuous.
 * 1) * 2014, The Times, “Home truths that are driving the Hong Kong protest”, Oct 7, 2014:
 * It is no coincidence that the city’s tycoonocracy is being blamed for both betrayals.

Usage notes
Particularly used of Hong Kong, partly due to Asian origin and usage of.