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Most businesses staying put for now in Hong Kong despite anti-government protests, survey shows

 

Straits Times | September 13, 2019


The Straits Times article, "Most businesses staying put for now in Hong Kong despite anti-government protests, survey shows," quoted Russell Reynolds Associates Consultant Anupama Puranik ​on her thoughts on companies relocating their businesses out of the territory. The article is excerpted below.

While it may have become the norm for people in Hong Kong to step over broken glass, latte in hand, to get to work, businesses will not relocate from the city on account of the protests alone.

For such a move to take place, there must be other push factors, say most of the 120 businesses polled by the American Chamber of Commerce in Singapore and market research company Ipsos.

At the same time, the survey revealed that the ongoing protests have tarnished Hong Kong's reputation and will likely influence decisions on future investment there.

For now, businesses are watching how the situation unfolds.

...

Safety is always the biggest issue, Ms Anupama Puranik of executive search firm Russell Reynolds Associates said. "I don't think the trigger will be pulled in the next six months. But if things worsen, they may have to make a decision on what to do."

To read the full article, click here.



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