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HKET: U.S. Companies in HK Felt Pessimistic about HK’s Prospects

Hong Kong Economic Times (HKET), the leading financial daily in Hong Kong, recently reported that the American Chamber of Commerce (AmCham) in Hong Kong just released its findings from a study it conducted between December 11 and January 4. The survey was among the 1,400 members of the HK Chamber. The results showed that 61 percent of the respondents expressed the belief that Hong Kong’s business environment last year was unstable and had deteriorated over time. More than 40 percent of the respondents were pessimistic about the city’s outlook for 2021. The report also showed that around one third of the interviewees said Hong Kong’s competitiveness as a global business center has decreased in the past year. Experts widely believed the Pandemic and numerous social events, such as the movement calling for democracy and freedom and the implementation of the Hong Kong National Security Law, significantly impacted the business environment of Hong Kong.

Source: HKET, January 12, 2021