The report quoted Jason Kennedy, founder of London-based recruitment firm Kennedy Group, as saying that for some candidates, “no amount of pay won’t convince them to go to Hong Kong.” The firm hires traders for hedge funds and has offices in Asia. Those candidates would rather choose Singapore, “it’s a lifestyle balance, even for traders,” Jason said.
Business groups have been warning that Hong Kong’s status as a financial hub is at increasing risk, with signs that experienced bankers and traders are accelerating their exodus, according to government data through September, the report added. The number of visas halved from 2018 to 2020 was likely to fall further last year.
The American Chamber of Commerce in Hong Kong also released a business outlook survey a few days ago, showing that travel restrictions are the top concern of American companies in Hong Kong. Quarantine regulations for travelers make it difficult for company headquarters to operate. About 44% of respondents said they may leave.
other reports
Smaller’s profit is expected to more than double last year’s profit
Hang Seng Index rose 13 points for 3 consecutive days, rose 582 points for the whole week
Lalamove offers 28 yuan discount for car-hailing at designated pickup points in online flower markets
Intel reportedly plans to spend 156 billion to build a large manufacturing base in the United States
Approved to produce Merck’s new crown oral drug re-drug has risen 12%, Via rose 37%
It is rumored that the window of China’s regulatory agency instructs domestic banks to increase loan issuance
The Shanghai index edged up 0.04% for the third consecutive week
The mainland car industry reportedly broke out “the tide of abandonment in the Ningde era”
[Video: Buried Strike]The Hang Seng Index may pull back in the short-term, but the market outlook is expected to further challenge higher levels
Geely plans to acquire Meizu mobile phone
/cloudfront-ap-northeast-1.images.arcpublishing.com/chosun/6EHL5XAENNEINBQZU5NGD2IKDQ.png?fit=300%2C300&ssl=1)
