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Business has flourished in Hong Kong, but the move to amend extradition laws has raised concerns about the city-state's vaunted independent legal system. (Photo by Kosaku Mimura)

Two systems, zero trust? Hong Kong's extradition row risks business exodus

Companies and investors probe alternatives as China's grip tightens

HONG KONG -- Kelvin Lam, an economist in Hong Kong, recently started job-hunting after resigning from a well-known foreign investment bank. The 40-year-old wants a position where he can write about China's economy freely and without fear.

Lam is looking for opportunities in cities such as Tokyo and Singapore; he feels that the tightening grip of China on Hong Kong is making analysts' work more difficult. "Our job ... is to let the rest of the investment community know what their decisions should be, given what we know about the actual situation," Lam says.

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