Hong Kong’s Brain-Drain Challenge Rises as Funds Relocate Roles
- Companies find it difficult to hire expats with Covid curbs
- Firms have cut headcount in Hong Kong or added jobs elsewhere
Vehicles travel along a road in Hong Kong on June 28.
Photographer: Chan Long Hei/BloombergThis article is for subscribers only.
Signs keep emerging that Hong Kong’s financial hub status is increasingly at risk.
The latest red flag comes from a new survey by the Hong Kong Investment Funds Association that shows more than a third of fund-management companies moved some or all regional and global roles from Hong Kong to other places.