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.
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Click here for the AmCham Survey Highlights