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Amcham found plans to move 42% of the members surveyed

A man wearing a protective mask stands on the waterfront of Tsim Sha Tsui in Kowloon, facing Victoria Harbor in Hong Kong.

Anthony Wallace | AFP | Getty Images

According to a survey by the American Chamber of Commerce in Hong Kong, 42% of respondents are considering or planning to leave Hong Kong, and more than half are uncomfortable with the controversial national security law imposed by China. Listed.

Various media reports People’s anecdotes Or business Leaving Hong Kong following a crackdown by Beijing. The Amcham survey also gives a glimpse into the sentiment of the Hong Kong expatriate community.

last year, China bypassed Hong Kong’s legislature Imposing national security law. The law came into force after a widespread opposition to democratization shook the financial hub in 2019 and hit its economy. Hong Kong is a former British colony that returned to Chinese rule in 1997.

The Chamber of Commerce collected 325 anonymous responses, or 24% of its membership, for the survey between May 5th and May 9th.

About 78% of the respondents were expatriates who lived in Hong Kong for work but did not hail from it.

… I don’t want to be afraid to say or write that I could be unknowingly arrested.

Among those planning to move out of the city:

  • 3% said they were aiming to do so soon.
  • 10% said by the end of summer.
  • 15% said at the end of the year.
  • 48% say they plan to retire within the next 3-5 years.
  • The remaining 24% said they would soon be able to move to work or family.

About 62.3% of those considering resigning cite the National Security Act (NSL) as the reason.

“Before, I wasn’t worried about what I said or wrote when I was in Hong Kong,” said an anonymous respondent to the Amcham survey.

“At NSL, things have changed. The red lines are vague and arbitrary. I don’t want to be afraid to say or write something that would unknowingly arrest me,” he said.

Hong Kong is governed under a special framework that promises limited autonomy of the city, including legislative and independent jurisdiction.

Hong Kong government said Last year, the law targeted “a very small number of criminals who threaten national security.” The law argued that it “does not affect the legitimate rights and freedoms enjoyed by Hong Kong residents.”

Some critics disagreed.Former Democrat Emily Lau told CNBC last month that Hong Kong people “Distressed” and “disillusioned” Some are afraid that the city has lost important freedom.

Still, an Amcham survey states that a small majority of respondents (about 58%) have no plans to leave Hong Kong. About 76.8% cited the quality of life in the city, and about 55.1% said the business environment was good.

“I’m planning to stay for the time being, but I’m not sure in the long run, given that recent political changes have made Hong Kong less attractive,” said the respondent.

Amcham found plans to move 42% of the members surveyed

Source link Amcham found plans to move 42% of the members surveyed

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