By ZEN SOO, Related Press
HONG KONG (AP) — Hong Kong chief Carrie Lam on Tuesday defended Hong Kong as a gorgeous place for companies, after a current survey discovered foreigners have been contemplating leaving the longtime Asian enterprise hub.
Hong Kong has lengthy been seen as the most effective locations to do enterprise globally, extremely regarded for its expert workforce, business-friendly authorized system and ease of motion.
Nonetheless, a survey by The American Chamber of Commerce in Hong Kong earlier this month discovered that 42% of expatriates polled have been planning or contemplating leaving town. Greater than half saying they have been uncomfortable with town’s nationwide safety legislation, which took impact final 12 months and is broadly seen as a instrument for Beijing and native authorities to suppress dissent within the metropolis after months of anti-government protests in 2019.
Different elements cited by these trying to depart included Hong Kong’s strict quarantine measures for COVID-19 and considerations about Hong Kong’s competitiveness and the standard of training for his or her kids beneath the brand new safety scenario.
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Lam mentioned Tuesday throughout a daily information convention that whereas surveys present some reference, one has to have a look at “what is definitely taking place on the bottom.”
“We have now 9,000 mainland and abroad corporations based mostly in Hong Kong, together with a lot of them that are utilizing Hong Kong as a regional headquarters and regional workplaces,” she mentioned.
“We have now not seen any vital outflow of capital, the securities markets are doing very nicely, the banking sector may be very secure and customarily, life goes on.”
Lam mentioned that in her conferences with enterprise chambers in Hong Kong and abroad, the “preliminary concern and nervousness” in regards to the nationwide safety legislation have subsided, and that there was curiosity in insurance policies that might making doing enterprise simpler.
Sam Cochrane, a finance skilled who left Hong Kong this month, mentioned the pandemic and journey restrictions have been the principle causes he determined to return dwelling to Australia after three years.
Nonetheless, Hong Kong’s deteriorating political scenario was additionally thought-about.
“It made me fear and query what the long run would appear like for Hong Kong, and whether or not it will nonetheless have the identical really feel that it had previously,” he mentioned. “I worth unbiased journalism and democratic processes.”
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