A survey of Japanese companies operating in Hong Kong found that more than half of the companies were concerned about the Hong Kong National Security Act, which cracks down on anti-government movements a year after its enforcement.
JETRO = Japan External Trade Organization's Hong Kong office conducted a questionnaire on the business environment for Japanese companies operating in Hong Kong and restaurants run by Japanese people from the 2nd to the 9th of this month, and 280 companies responded. Got
According to it, 57% of companies answered that they were "extremely concerned" or "concerned" about the Hong Kong National Security Law that came into effect in June last year.
When asked about the reason in multiple answers, 79% of the companies answered "because information may be restricted", followed by "because there is a risk of losing judicial independence" (60%) for the Internet. We can see that there is growing concern that regulatory and business rules will be affected.
In addition, given that the number of people migrating overseas is increasing, 58% of companies answered that it may be difficult to secure excellent human resources.
In Hong Kong, due to the influence of the new coronavirus, traffic restrictions to and from mainland China continue, so more and more Japanese companies are closing or shrinking their bases in Hong Kong and moving personnel to mainland China. There is potential for further movement to review the business.