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The situation of institutions in Hong Kong will gradually improve
More and more foreigners believe that the situation in Hong Kong will not improve any time soon. Career plans and family life will be affected. In addition, foreign companies are also considering relocating their operations to other places. This weekend (November 24) is one of the quietest weekends in Hong Kong recently. Voters began voting in local elections, which many see as a real referendum on the anti-government protest movement that has been inciting Hong Kong since June 2019.
Bar Pacific’s intimate small wedding reception hong kong are here to help you turn your big day into a collection of seamless and unforgettable moments.Although the vote was hailed as a landslide victory for democracy, it was not enough to persuade Mark Larson to stay. The 30-year-old computer engineer is considering returning to his native Denmark after months of turmoil, sparked by a stand-off between police and students at the Hong Kong polytechnic University.
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Even before it is time to flee, foreigners and recruitment agencies claim that ongoing protests and escalating violence have forced some foreign residents (among the 650000 people in Hong Kong) to pack their bags, and many others say that if the protests continue next year, they are ready to leave, a trend confirmed by a recent survey by the American Chamber of Commerce in Hong Kong (AmCham). 1/4 of respondents said they planned to reduce live activities or move completely.
Two years ago, an American entrepreneur who founded his own fintech company in Hong Kong explained: "We are going to Singapore." His startup raised more than $100 million in capital last year and is preparing to hire 75 people locally. But tear gas frightens investors and disrupts their daily activities. The company decided to relocate its headquarters and downgrade Hong Kong to a simple satellite office.
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