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OpinionLetters

Letters to the Editor, July 15, 2015

Reading Time:4 minutes
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Many regional HQs are now in Singapore. Photo: AFP
Letters

I refer to the article by Philipp Martin Dingeldey and Wan Tin Wai ("Losing its lustre", July 4), which provided a good summary of the challenges Hong Kong's economy will face in the future.

They made some valid comments about the viability of the four industry pillars.

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I would like to add some comments on regional headquarters.

While the establishment of regional headquarters was an important part of the Hong Kong economy up to 2000, from my experience in the business world (I have lived here since 1971) this has changed.

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Many companies have moved regional headquarters to Beijing and Shanghai (where the market is and for "face" reasons). And the regional headquarters hub for Southeast Asia is Singapore and then the mainland.

Also, with respect to trade, mainland companies are capable of importing and exporting without the use of a middle man in Hong Kong.

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