U.S. business leaders bullish about HK’s future despite concerns over erosion of city’s freedoms under Chinese rule

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Most U.S. companies in Hong Kong believe there has been an erosion of the city’s “one country, two systems” form of government, a survey by one of the city’s largest business chambers revealed on Wednesday.

However, while there was also a feeling that the rule of law had been eroded, 70 per cent of U.S. corporate leaders backed the city’s position as a global financial hub, and 56 per cent believed the business environment was improving.

According to the American Chamber of Commerce in Hong Kong (AmCham), the survey found a bullish feeling among those questioned, with confidence stemming from the development of the city, Macau and nine other cities in Guangdong into an IT powerhouse called the Greater Bay Area.

Read more at SCMP

Click here for the AmCham Survey Highlights