Central district in Hong Kong in January.
Photographer: Paul Yeung/BloombergThe Big Take
Bankers Are Abandoning Hong Kong as Beijing and Covid Remake the City
More and more of the white-collar professionals who help shape Hong Kong believe its best days are over.
In Hong Kong’s affluent Mid-levels, in the subtropical foothills of Victoria Peak, the talk today among well-heeled expatriates inevitably turns to one subject: Who will be the next to leave.
Down the mile-long escalator, in the skyscrapered Central business district, the quiet exodus is gaining momentum. A few bankers at Citigroup Inc. A few more at JPMorgan Chase & Co., Morgan Stanley and HSBC Holdings Plc.