21 Aug 2019

Hong Kong firms under pressure from China to toe central government line

Foreign Affairs Correspondent

The turmoil in Hong Kong has caused an unprecedented political crisis – but there’s also been a profound effect on business. As a global finance hub, Hong Kong relies on providing a stable business environment.

The territory’s bluechip companies are now coming under pressure from China to toe the central government line. Flagship airline, Cathay Pacific became the mainland’s most high profile target when its CEO resigned, apparently under pressure from Beijing.