Hedge funds in Hong Kong are considering pulling out over fears that China's new security law could ruin their operations
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Hedge funds in Hong Kong are exploring exit strategies from Asia's financial hub as Beijing's new security law threatens data privacy and capital control, the Financial Times reported.
"What would make people like us move? Loss of social media freedom, loss of free internet access to wherever, capital controls would scare the blazes out of us, and . . . if it was harder to get visas," one hedge fund's chief investment officer for Asia told the FT.
If the funds were to uproot operations, Hong Kong's continued status as the "premier destination" for hedge funds would be a gamble.
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