Due to the worsening political landscape and to strict ‘Zero-COVID’ anti-COVID measures, there has been a ‘wave of emigration’ out of Hong Kong in recent years. According to the Hong Kong Government’s figures, approximately 140,000 citizens departed from Hong Kong in the first three months of 2022. Even the vice-chairperson of the Hong Kong Federation of Educators, a pro-Chinese Communist Party trade union, at a recent press conference pointed to an “unanticipated wave of emigration.”
A current affairs commentator analyzed that this year the Inland Revenue Department of Hong Kong issued 300,000 less Tax Returns than last year, indicating an emigration trend. It is expected that 99 percent will not return to Hong Kong because the Government does not have any plan for retaining talents.