In a rapidly changing political landscape, the decisions made by companies on where to base their operations are profoundly impacted. Maintaining the uniqueness of Hong Kong, not just economically but also beyond, is crucial for its future.
Recently, Hong Kong has found itself embroiled in the conflict between China and the West, particularly after Beijing’s national security law and electoral changes. This has led to a shift in focus towards emerging markets in the Middle East and Southeast Asia, as geopolitical tensions escalate.
City leader John Lee Ka-chiu is exploring opportunities in Laos, Cambodia, and Vietnam, aiming to strengthen ties in these regions. However, amidst these changes, maintaining economic relations with the European Union remains a priority.
While challenges persist, there are opportunities for collaboration in areas like sustainability, green finance, and education. Despite a decline in European companies in Hong Kong, efforts are being made to improve the business environment and foster engagement.
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