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Business trends

Hong Kong exodus hits Japanese business in financial hub

National security law, patriotic education pushing people to leave

A man waves to friends and relatives before his departure from Hong Kong International Airport in February 2021.   © Reuters

HONG KONG -- Many Japanese companies operating in Hong Kong say they are struggling with a loss of talent, as China's draconian national security law (NSL) triggers substantial emigration from the territory, according to a new report.

The survey, conducted jointly earlier this month by three Japanese organizations in Hong Kong, found that 68.6% of respondents said the talent drain and difficulty in finding capable people was the top concern stemming from the NSL, which was imposed by Beijing in June 2020.

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