Foreign Finance Companies Exit Hong Kong; Chinese Firms Have Increased Overtaking US Companies

Foreign Finance Companies Exit Hong Kong; Chinese Firms Have Increased Overtaking US Companies
Hong Kong Central on July 15, 2015. Bill Cox/The Epoch Times
Updated:

Hong Kong’s Census and Statistics Department and InvestHK published a joint survey on Nov. 24, 2022, named “2022 Annual Survey of Companies in Hong Kong with Parent Companies Located outside Hong Kong.”

The results show that the number of business operations in Hong Kong with parent companies outside Hong Kong fell to 8,978 in 2022. It is the first time the number has dropped below 9,000 since 2019.