Hong Kong’s Exodus Shrinks Workforce in Threat to Financial-Hub Status
- Labor force is near a decade-low amid population outflow
- Economy may contract in 2022 for third time in four years
Trying to find talent to replace those who leave is proving hard.
Photographer: Paul Yeung/BloombergThis article is for subscribers only.
Finance executive Sze Tam and her family of four will soon leave Hong Kong, where she has spent her entire life, bound for Melbourne.
The senior manager at an international bank plans to look for a job once she gets there by early next year. Tam is hopeful that she will be able to secure employment in the financial sector just as quickly as her friends who moved to the Australian city.