Motley Fool to Leave Hong Kong, Citing National Security Law
- Publication says new law among number of uncertainties in city
- Lead analyst discloses publication’s decision on website
Riot police raise a flag warning protesters of actions that violate the new national security law, during a protest on National Day in Hong Kong, Oct. 1.
Photographer: Chan Long Hei/BloombergThis article is for subscribers only.
Motley Fool, the investing news site, said it will shut its Hong Kong operations because of the growing uncertainty of doing business in the city.
The publication, which expanded into Hong Kong in 2018, made the decision because of the difficulty foreseeing how the company would fare in the city in the coming years in the wake of the turmoil that’s been gripping the financial hub since last year, Hayes Chan, lead analyst at Motley Fool Hong Kong, wrote on the site this week.