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.
Seeking to fill jobs, headhunters are finding that 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 who are frustrated with the territory’s strict “zero COVID-19” policies.
They are abandoning a territory where low taxes, ease of travel, top-class schools and a vibrant nightlife once proved a potent lure.
For some candidates, “no amount of money is