3 ms·
HK has the inertia of having lots preexisting international HQs there. Any takers on how many of those will move out over the coming decades? > or < 50% of them
by magicsmoke 6y ago
HK has the inertia of having lots preexisting international HQs there. Any takers on how many of those will move out over the coming decades? > or < 50% of them?
- vmception 6y agoLosing its special trading status with the US should already be the catalyst for that. But the market based economies of China's Special Economic Zones should make Hong Kong as attractive as any other major financial center, instead of as a micro-state. There are many international HQs in major financial centers under high tax regimes, whether it is Shanghai, New York City, London, Frankfurt. I would say 30% move, so less than 50%. Incumbents in Hong Kong are already beneficiaries of the Communist Party in Beijing, otherwise corporate consensus in the LegCo would have matched the individual consensus already.