HONG KONG – Strict rules to try and keep Hong Kong free from Covid-19 are driving away more foreign executives, detracting from the city’s decades-old status as one of the world’s top business hubs. Nearly a third said they were struggling to fill senior positions and had postponed investment in Hong Kong. Chief Executive Carrie Lam said on Saturday that Hong Kong is sticking to its zero infection policy to quell outbreaks. Last year, for every LinkedIn member who moved from Hong Kong to Singapore, 0.71 moved the other way, from Singapore to Hong Kong, according to the professional networking platform. “Doing business in Hong Kong used to be very easy.”—Stella Yifan Xie, Newley Purnell, and Quentin Webb contributed to this article.

Source: Wall Street Journal January 23, 2022 16:43 UTC