The hammer and sickle effect in Hong Kong
Hong Kong is on a losing spree. It has just lost the 2023 World Dragon Boat Racing Championships to Bangkok. This year’s Hong Kong Open badminton is also gone and a junior world fencing championship has given the city a miss. Two other major events, the local marathon and Oxfam trail walk, also have been cancelled. SuperReturn Asia, an annual gathering of private equity and venture capital industry members has been shifted to Singapore.