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.
As they work to fill jobs, headhunters are finding 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 frustrated with the city’s strict COVID-19 policies. They’re abandoning a city where low taxes, ease of travel, top class schools and a vibrant nightlife once proved a potent lure.