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Business trends

Protests sully Hong Kong's reputation but most companies staying put

Singapore survey shows unrest will cause a fall in inward investment

Finance Secretary Paul Chan said visitor arrivals to Hong Kong have plunged nearly 40% in the 12 months to August.   © Reuters

SINGAPORE -- Hong Kong's reputation as a business hub has soured after three months of anti-government protests, but 75% of companies surveyed have not moved operations out of the Chinese-ruled city.

The American Chamber of Commerce in Singapore revealed on Thursday that its survey showed 72% of respondents had not shifted capital out of Hong Kong. But for those planning a move elsewhere, Singapore was the top destination.

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