News Snapshot:
new York CNN Business — For decades, foreign companies have reaped the benefits of locating in Hong Kong , a historically stable and expat-friendly financial center on the doorstep of mainland China . But lately, as Beijing has tightened its grip on the former British colony, these companies are increasingly eyeing exits. Nearly half of all European businesses in Hong Kong plan to move next year, according to a new report . The companies cite the local government’s extremely strict Covid-19 protocols which mirror those on the mainland . Among businesses planning to leave, 25% said they would completely relocate...
