Hong Kong Small Business Vanishes With Soaring Rent

April 2 (Bloomberg) -- Rents are climbing in neighborhoods near Hong Kong's Causeway Bay and other prime shopping districts, known for luxury stores that attract free-spending tourists from mainland China. That’s squeezing out mom-and-pop shops, congee and noodle vendors and other small businesses as developers and landlords seek to profit from the trend. Bloomberg's Brent O'Brien reports. (Source: Bloomberg)

Bloomberg Brief Weekly Video 11/25
06:07 - Taylor Riggs, a contributor to Bloomberg Briefs, talks with reporter Joe Mysak about this week's municipal market news. (Source: Bloomberg)
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