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How bad is it in Hong Kong? Depends where you are when asked, Singapore business survey finds
- A survey of 120 American companies in Singapore found that those with a presence in Hong Kong are less concerned about the ongoing protests than those not operating in the city
- But a majority of those surveyed said the protests may affect future investment decisions
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Why you can trust SCMP
When it comes to assessing just how bad it is to be in Hong Kong these days, much depends on where you are when you are being asked.
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American companies with operations in Hong Kong view the ongoing anti-government protests as less dire compared to firms operating outside the city, according to a survey by Singapore’s American Chamber of Commerce (AmCham).
The flash survey, conducted from August 21 to 29, covered 120 American companies in Singapore, including 77 with offices in Hong Kong.
More than seven in 10 of those with operations in Hong Kong said they had no plans to move capital out or relocate their business functions.
But three out of four of them said the anti-government protests roiling Hong Kong would affect their future investment decisions.
That was lower than almost nine out of 10 of those without offices in the city who said the protests would affect their future decisions.
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Economists in Singapore found the differences in perception unsurprising.
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