Hong Kong’s Imported Mainland Labor Now Competing With Local Labor: Analysis

Last week, Morgan Stanley and HSBC cut dozens of jobs in the Asia & Pacific region, with at least 80 percent from mainland China and Hong Kong.

People walk past Hang Seng Bank in Central Hong Kong on Jan. 19, 2024. Bill Cox/The Epoch Times

News Analysis

Hong Kong is starting to feel the impact of the immigration wave, with a talent drain occurring across various industries. While Hong Kong authorities have been importing foreign laborers from mainland China, the effect appears contrary to the plan.