American Chamber of Commerce finds 42% of members surveyed are planning or considering leaving Hong Kong

  • More than 40% of respondents surveyed by the American Chamber of Commerce are considering or planning to leave Hong Kong.
  • Of those planning to leave, around 62.3% cited discomfort with the national security law as a reason, the survey showed.
  • Those intending to remain in Hong Kong cited factors such as a good quality of life and excellent business environment.

 

A survey by the American Chamber of Commerce in Hong Kong found that 42% of respondents are considering or planning to leave Hong Kong, with more than half citing their discomfort with the controversial national security law imposed by China.

Various media outlets have reported anecdotes of people or businesses leaving Hong Kong following the clampdown by Beijing. And the Amcham survey offers a glimpse of the sentiment among the expatriate community in Hong Kong.

Last year, China bypassed Hong Kong’s legislature to impose the national security law. Implementation of the law came after widespread pro-democracy protests rocked the financial hub in 2019 and took a toll on its economy. Hong Kong is a former British colony that returned to Chinese rule in 1997.

Read more at  https://www.cnbc.com/2021/05/12/hong-kong-security-law-amcham-finds-42percent-of-members-surveyed-plan-to-leave.html