Skip to content
Mindbodybusiness

Mindbodybusiness

The business effect

Primary Menu
  • Business Finance & Support
  • Business & Finance News
  • Financial Function
  • Business Effective
  • Business Market
  • Largest Business
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
  • Home
  • John Lee: Hong Kong leader vows to shore up global business role
  • Business Finance & Support

John Lee: Hong Kong leader vows to shore up global business role

By Jackie Patricia 11 months ago
The former British colony’s reputation as an international financial center has been battered during the last two years by its adherence to China’s unbending Covid restrictions. They have made the city less attractive for expats and much harder for foreign executives to visit.

Speaking in Mandarin at his inauguration, attended by Chinese President Xi Jinping, the chief executive of the Hong Kong government said he would “consolidate” the city’s “inherent advantageous industries.”

Lee didn’t give any policy detail, nor did he address growing pushback against the city’s controversial Covid policies and border controls that have alarmed many international companies.

Earlier this year, a survey of European businesses in Hong Kong found that nearly half of them were considering relocating in the next year.

That tracked with a similar report from the American Chamber of Commerce in January, which found that 44% of expats and businesses were likely to leave the city.

“Hong Kong still holds business opportunities but an array of issues, especially draconian travel restrictions and worsening US-China relations, weigh on sentiment,” the US report said.

Hong Kong has only one real rival for businesses thinking about leaving

Hong Kong’s quarantine rules are notorious among residents and expats. At one point, the government required most inbound travelers to isolate in hotel rooms, on their own dime, for three weeks, one of the world’s longest isolation periods.

Although Hong Kong officials have lifted flight bans and scaled back the quarantine requirements, an outflow of talent is already playing out.

Even without the Covid crisis, headhunters were having trouble bringing talent to Hong Kong because of Beijing’s growing oversight of the semi-autonomous territory.

Xi, in his speech at Lee’s inauguration ceremony on Friday, said Beijing would “fully support Hong Kong” in “consolidating its status as an international financial, shipping and trade center” and “maintaining a free, open and regulated business environment.”

Apart from enhancing Hong Kong’s current position in finance and shipping, Lee said his government would also build up the city’s technology and innovation industries.

“We will develop emerging industries, and build Hong Kong into an international innovation center,” Lee said.

During his speech, Lee extolled China’s Belt and Road and Greater Bay Area initiatives, which he said have given Hong Kong “unlimited opportunities and unlimited development space.”

— Alex Stambaugh, Charlie Fong, and Allison Morrow contributed to this report.

Tags: Amazon Fba Business, Atlanta Business Chronicle'S, Boss Baby Back In Business, Business Administration Degree, Business Attire Women, Business Card Design, Business Cards Templates, Business Casual Dress, Business Casual Outfits, Business Checking Account, Business Credit Card, Business For Sale Near Me, Business Intelligence Platform, Business Lawyer Near Me, Business Loan Calculator, Business Name Ideas, Business Professional Women, Business Spectrum Login, California Business Entity Search, Capital One Spark Business, Carl Weber'S The Family Business, Charlotte Business Journal, Custom Business Cards, Delaware Business Search, Fl Sos Business Search, Florida Business Search, Harvard Business Publishing, Insurance For Small Business, Kelley School Of Business, Maryland Business Express, Maryland Business Search, Moo Business Cards, National Business Furniture, New York Business Search, Ohio Business Gateway, Onedrive For Business, Online Business Ideas, Paramore Misery Business, Risky Business Cast, Small Business Insurance, Spectrum Business Customer Service, Tom Cruise Risky Business, Us Small Business Administration, Verizon Wireless Business, Verizon Wireless Business Login, Virtual Business Address, What Is Business Administration, Women'S Business Casual, Yelp Business Login, Yelp For Business

Continue Reading

Previous ‘Economic lever’ has dual emissions reduction and business stimulus goal
Next Senegal sees growing support for African gas amid Ukraine war
May 2023
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031  
« Apr    

Archives

  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • December 2021
  • November 2021
  • October 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • March 2021
  • December 2020
  • November 2020
  • November 2018
  • October 2018
  • December 2016

Recent Posts

  • Low Cost Business Opportunities for Today’s Online Entrepreneur
  • Top Financing Options for A Start Up Business
  • Choosing the Right Business Loan For Your Company
  • Business Process Outsourcing (BPO) Services Help Small Businesses
  • Small Business Marketing: The Importance of Seeking Management Consulting Advice

BL

link insertion

Tags

""Succeeded His Business"" 2 Of Cups Business 525 Business 5 Bankruptcies Accounting Business Letter To Client Att Business Login Bracken Business Communications Clinic Business Account No Deposit Business Administration Fafsa Business Balance Sheet Explained Business Card Business Card Printing La Plata Business Cards Media Bar Business Card To Secret Website Business Central Png Business Coaching Site Cloudfront Business Contract Lawyer 47201 Business Marketing Pearson Quizlet Business Milleage Leager 18 Business Mobile Broadand Plans Business Plan For Supplement Company Business Plan Loan Originayor Disrupting Digital Business Harvard Ffiec Business Continuity Templates Gauge Ear Piercing Business Good Openings For Business Letters Holton Investment Business Indianapolis Business Times Indiana Wesleyan University Business List Business In Search Engines List My Business Yahoo Lunch Susbcription Business Model Morgan Hill Business Liocense Renewal Nee Small Business Bill Signed Negotiating Business Acquisitions Practical Law Networking Trends Small Business New Business In Shorewood Il School Business Officer Being Unethical Small Business Administration Mass Small Business Comunity Small Business Corporation South Africa Small Business Depew Llc Small Business Medical Offices Chicago Small Business Office Lakewood Nj Small Business Plans Verizon Small Business Storage Array

scorpion removal las vegas 

getlinko

mindbodybusiness.xyz | Magazine 7 by AF themes.

WhatsApp us