SCMP - Huge relocation costs help limit exodus but risks remain

12 Jul 2022

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SCMP

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… according to Laurence Li Lu-jen, chairman of the Financial Services Development Council.

"There is a cost to both the firm and the person to relocate a role," Li said in the annual report released by the council yesterday.

"In the past couple of years, Hong Kong has benefited from this stickiness. But firms and people are increasingly willing to pay the cost. If the roles and people are relocated, over time they will become sticky in another place. Attracting them back will be an uphill task." …

For more information, please refer to the print publication "Huge relocation costs help limit exodus but risks remain".

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SCMP

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