HONG KONG (BLOOMBERG) - Ms Phyllis Lam has lived in Hong Kong for 42 years. It is where she was born, went to school, met her husband and planned to raise her two children.. Read more at straitstimes.com.
HONG KONG - Ms Phyllis Lam has lived in Hong Kong for 42 years. It is where she was born, went to school, met her husband and planned to raise her two children.
For many in Hong Kong who've long feared an erosion of their freedoms under Chinese rule, last week marked a tipping point. Spurred to action by Beijing's decision to impose controversial national security legislation on the former British colony, residents have been flooding migration consultants with questions on how to move their families overseas.
A wave of emigration could erode Hong Kong's attractiveness to multinational companies, hundreds of which rely on local talent to drive their growth across the Greater China region and the rest of Asia. The American Chamber of Commerce in Hong Kong has warned that retaining top-tier employees in the city may become more difficult.
It is not the first time the city has faced the prospect of a brain drain. An estimated 300,000 people left between 1990 and 1994, fearing Hong Kong's handover to China from Britain would destroy the city's civil liberties and capitalist system. Ms Jolie Lo, an administrative executive, is among Hongkongers who plan to stay. She wants to be close to her ageing parents and is wary of the challenges she might face overseas.
"Now I fear censorship could be even more serious in Hong Kong," said Ms Ming, 30, who works in the art world and declined to give her surname, citing the sensitivity of the subject."I don't see a future here anymore, so it's time to look for options."
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