Companies want to withdraw from Hong Kong

Hong Kong faces an exodus of European companies. In a new survey by the EU Chamber of Commerce, around 25 percent of companies surveyed stated that they intended to turn their backs on the city completely within the next twelve months. Another 24 percent of companies indicated plans for a partial withdrawal from Hong Kong. Only one in six companies surveyed responded that they had no plans for a withdrawal. The survey was compiled between mid-January and mid-February, Bloomberg reported. 260 respondents took part in the survey.