Apprehensive about Hong Kong’s future as the best place to do business in China and beyond, multinational firms are pulling up stakes, adding to uncertainty about the outlook for one of the world’s premier commercial cities.and the pandemic, global companies and professionals are heading to rival business cities such as Singapore, and to Shanghai, the Chinese commercial hub some see as a better place to profit from the nation’s vast economy.
Ever since the U.K. returned Hong Kong to China in 1997, the city’s leaders have billed the semiautonomous territory as “Asia’s World City”—an open society with a British-style legal system where foreign professionals could feel at home. Today, Hong Kong is becoming less open and more fused to the mainland economy.
Some companies, including banks and other financial institutions, still view Hong Kong as crucial to their China-focused business models and are digging in for the future. Others are eyeing the exit, concluding the city“Being in Hong Kong always used to be a no-brainer,” said Frederik Gollob, chairman of the European Chamber of Commerce in the city.
HK is no longer a Safe place to Harvest your 💰 Money... So be aware... This is REAL and happening a while already😏
No point being in a city that's becoming like other Chinese cities, except ALWAYS at least twice as expensive. HK's advantages have been cancelled out by the reckless political push to make 2047 happen sooner.
CCP will not follow the promise, not obey any agreements as they are lawless. No deal can be made w/ CCP. This is basic consent to treat CCP nowadays. Only way to rectify every wrong things they did is eliminate them & make them accountable for their crimes did in past 71 yrs
What's the point of doing business in HongKong when even the voting rights of a majority shareholder of a listed company can be taken away at the whim by secretpolice under NSL , like in China. FreeHK freejimmy RuleOfLaw
Hong Kong can no longer remain an international financial centre when one’s private assets can be arbitrarily “frozen”
🇨🇳 is 100% responsible for this outcome
kerokero_HKer Hongkonger & many Freedom fighters are under HumanitarianCrisis now :( But HKer never surrender! Still fighting for justice, truth & HumanRight & democracy! Dear world, StandWithHK! SOSHK FreeHK LiberateHK CCP_is_terrorist AntiChinazi HongKong HongKongNeedsHelp
As a Hongkonger, sad for the statement, yet, it is true. We will try our best to gain back!
ChoiHungGuLeung How evil can the Chinazi Tyranny be? . Hongkonger well knew CCP China & HKPolice HKGov are evil brutal Totalitarianism long ago.. HKer still fighting, For justice, HumanRight & democracy! StandWithHK FreeHK MilkTeaAlliance SOSHK SAVE12 Free47 StandWithHongKong
Without one country two systems, Hong Kong is just another city of China.
It really not safe for foreigner and their money in HK undet NSL!!
This is sad for the people of Hong Kong but the CCP bears full responsibility
It’s still a bridge, but full of trap that set up by CCP_is_terrorist now.
Hong Kong situation is getting worse. No one safe. Even your property. Financial center is joke. CCPChina StandWithHongKong
aha, right after Britain occupied it and began treat Hongkongers like cattle and slaves.
WSJ how much are you paid to run this propaganda? I guess minimum wage of $15/ hour on a weekly basis is given to your janitor editor to run this once per week.
colonialism was nice
It’s not simply the COVID lab-leak theory was “debunked,” as news organizations repeatedly told us when anyone tried to raise it a year ago. It wasn’t even permitted to be considered. The topic was deliberately extinguished on tech platforms, in scientific journals & newsrooms.
Hong Kong's bridge has been violently demolished by Europe and the United States simply because Hong Kong people do not share European and American values.
The Israeli occupation asks some residents of the Bastam neighborhood in the town of Silwan to demolish their homes, you imagine the rudeness & criminality? Destroy your houses in your hands or we will demolish them and take money from you instead of demolishing SaveSilwan Aqsa
Regardless the: UK🇬🇧&🇺🇸US double standards politicians that supported violent extremists demonstrations, never accepted in their cities to destroy: Hong Kong🇭🇰🇨🇳China social stability, under the false label of 'democracy' Today: HongKong🇭🇰🇨🇳China is stable &in constant PROGRESS
In fact Shenzhen, Shanghai, Beijing have much better business environment, business matching and talent advantage
Reuter
Not 'global' enough, you mean no more CIA and NED?
yes, indeed let go of it
CIA started it, and HK people paid for US boring ambition
horrible