I reckon a lot of founders will be reluctant to start their business in HK, the same way people aren't starting companies in China. Talent will be harder to com

I reckon a lot of founders will be reluctant to start their business in HK, the same way people aren't starting companies in China. Talent will be harder to come by, there's very little incentive to move to HK if it becomes more like China. (You might as well move to China if you want that experience) People who want to live in Asia, but still be fairly international will just pick Singapore, or even Taipei or Tokyo. Morale already took a big hit in the last year during the protests, and it was clearly noticeable, both in the workplace and in the city. Everything felt a bit more grim. Conversations were always skewed towards discussing politics, and it such a noticeable divide in society, those conversations often end in arguments. There's many stories of people losing friends, and families splitting up over this. I think it will take some time to see the real effects, if people will start emigrating away or if companies will choose to move their HQs. But the outlook is definitely fairly grim at the moment.