A deteriorating political environment and the dynamic zero-COVID policy are driving foreign investors out of Hong Kong.
The latest survey by the European Business Association in Hong Kong shows that due to the Hong Kong government’s strict pandemic control measures, many of the companies surveyed are considering moving out of Hong Kong either completely or partially within a year, and most international exhibitions originally scheduled to take place in Hong Kong have been cancelled. Moreover, another recent survey by the Hong Kong Civil Research Institute showed that as many as 24 percent of the respondents say they have plans to leave Hong Kong permanently.
