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Hong Kong’s status as a magnet for international financiers is cratering as firms struggle to coax traders and bankers to move to the once vibrant trading hub. Seeking to fill jobs, headhunters are finding that they can only recruit candidates who are already in Hong Kong. The crunch comes as the former British colony is dealing with a growing outflow of expatriates who are frustrated with the territory’s strict “zero COVID-19” policies. They are abandoning a territory where low taxes, ease of travel, top-class schools and a vibrant nightlife once proved a potent lure. For some candi...

Strict COVID-19 policies are prompting finance professionals to abandon a city with low taxes, ease of travel, top class schools and a vibrant night-life.

(Bloomberg) -- Hong Kong’s status as a magnet for international financiers is cratering as firms struggle to coax traders and bankers to move to the once vibrant trading hub. Seeking to fill jobs, headhunters are finding they can only recruit candidates who are already in Hong Kong.

Brexit has wiped £250,000 off our sales says UK exporter Exports have plummeted due to delays, disruption and increased shipping fees 14:02, 21 APR 2021 Sign up to FREE email alerts from BusinessLive - Subscribe When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice. Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice The boss of a UK insulation manufacturer says Brexit has cost his business £250,000 - in just the first three months of the year. William Bown,...