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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.

Vehicles travel along a road in Hong Kong on June 28.

Photographer: Chan Long Hei/Bloomberg

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.