jakeseven7
Enthusiast
- Joined
- Sep 9, 2005
- Posts
- 11,258
I work for a very large high profile multinational. We have had travel bans in place for HK for a while now like most companies, including transit through HK, the only exception being employees that are based there.
We maintain a regional Asia office in split across both Singapore and HK and also a small domestic HK office.
Yesterday I was made aware of plans to permanently close our regional Asia office in HK and move it to Singapore. We would only maintain a small satellite office in HK for domestic business and legal reasons.
Talking to other friends in large corporates the feeling is the same.
Not getting into debates on who is right or wrong but the longer this drags out the more they pull down the city with them and cause irreparable damage to the economy.
It’s a bit like Brexit and all the companies that have downsized their London offices and opened up Euro offices to hedge their bets.
What a disaster.
We maintain a regional Asia office in split across both Singapore and HK and also a small domestic HK office.
Yesterday I was made aware of plans to permanently close our regional Asia office in HK and move it to Singapore. We would only maintain a small satellite office in HK for domestic business and legal reasons.
Talking to other friends in large corporates the feeling is the same.
Not getting into debates on who is right or wrong but the longer this drags out the more they pull down the city with them and cause irreparable damage to the economy.
It’s a bit like Brexit and all the companies that have downsized their London offices and opened up Euro offices to hedge their bets.
What a disaster.