U.S. Firms With Hong Kong Headquarters Hit 18-Year Low



ORIGINAL POST
Posted by Ed 3 yrs ago

The number of American companies with regional headquarters in Hong Kong has fallen an 18-year low, bolstering arguments that the city’s national security campaign and Covid Zero strategy are eroding its appeal as a global financial center.

There were 254 American companies with regional hubs in Hong Kong as of June 1, compared with 282 a year earlier, according to new data from the Census and Statistics Department. That marked a 10% drop from the previous year, and the lowest number since 2003, when there were 242 American companies based in the city.

https://www.bloomberg.com/news/articles/2021-11-01/u-s-firms-with-hong-kong-headquarters-hits-18-year-low?srnd=premium-asia
 

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