European Chamber of Commerce's Gollob on Hong Kong Business Sentiment

The transcript discusses the competitive edge of Singapore over Hong Kong due to strict quarantine measures in Hong Kong. It highlights the challenges faced by businesses in travel and operations, emphasizing the importance of access to mainland China. The impact of COVID-19 on business restructuring and market shifts is explored, with a focus on potential moves to Singapore and Seoul. The economic outlook is mixed, with challenges like supply chain issues and inflation affecting businesses. The transcript also addresses the turnover of businesses and individuals in Hong Kong and their commitment to the Greater China area.

What is a major concern for Hong Kong's competitiveness according to the transcript?

• Lack of skilled workforce

• Strict quarantine measures

• Limited technological advancement

• High taxation rates

Which markets are being considered by businesses as alternatives to Hong Kong?

• Singapore and Seoul

• Jakarta and Manila

• Tokyo and Beijing

• Bangkok and Kuala Lumpur

What is the current atmosphere among businesses in Hong Kong regarding economic developments?

• Wait and see

• Optimistic and confident

• Aggressive and expansionist

• Pessimistic and hopeless

What industry is most affected by the semiconductor shortage mentioned in the transcript?

• Construction industry

• Textile industry

• Automotive industry

• Pharmaceutical industry

What is causing inflationary tendencies according to the transcript?

• Government policies

• Currency devaluation

• Shortages in supply chains

• Increased consumer demand

What is the impact of the current situation in Hong Kong on decision-making?

• It has no impact

• It leads to indecisiveness

• It acts as a catalyst

• It slows down decisions

What is the trend regarding the outflow of people from Hong Kong?

• Decreasing significantly

• Increasing significantly

• Remaining stable

• Fluctuating unpredictably