How business is navigating Hong Kong's new reality

  • 📰 BBCNews
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

How business is adapting to Hong Kong's new reality

Cathay Pacific provides the strongest example yet of how perceived missteps in Beijing's eyes can harm businesses in the territory.

"I've never seen anything quite like this," said one prominent businessman in Hong Kong, who didn't want to be identified. Hong Kong's MTR Corp runs the subway system in the city. It's used by the majority of Hong Kongers and is seen as a world class transport service. While MTR Corp doesn't make as much money from the Chinese market as Cathay Pacific does, it does operate some lines on the mainland andThe harsh reality is that companies will have to"bend like bamboo", and do what Beijing wants if they want to keep servicing the Chinese market, says Steve Vickers who runs a political risk consultancy in Hong Kong.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines