Hong Kong's Brain Drain Worsens as Expats, Locals Flee City.

Keywords: BAS@GR; HKMA@HK; JPM; ALLTOP; ASIA; ASIATOP; BUSINESS; CHINA; COS; FIN; GEN; GOV; HK; INDUSTRIES; REL; SVC; TOP; WORLD; WWTOP; WWTOPAM; WWTOPAS EN BAS@GR HKMA@HK JPM ALLTOP ASIA ASIATOP BUSINESS CHINA COS FIN GEN GOV HK INDUSTRIES REL SVC TOP WORLD WWTOP WWTOPAM WWTOPAS (Bloomberg) -- An exodus of expatriates and locals from Hong Kong is poised to intensify in 2022, as policy makers continue their crackdown on civil society and brush off an increasing uproar over aligning with mainland China's Covid Zero strategy. According to data from regulator the Securities and Futures Commission, the percentage of licensed asset management firms in Hong Kong that are from mainland China doubled from 6% in 2010 to 12% in 2020, from 127 firms to 397. [Extracted from the article]

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