Bankers Leaving Hong Kong Face Grim Job Markets, High Taxes
- Emigres willing to take risks as China clamps down on city
- High-tax countries Canada, Australia, U.K. drawing interest
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After several years weighing the pros and cons of leaving Hong Kong, Ms Lee is taking the plunge and moving to Canada. Though she has no job lined up, faces higher taxes and will have to endure harsh winters for the first time, she’s willing to risk it.
“Am I worried about my job prospects in Canada? Of course I’m worried,” said the compliance officer at a major global financial firm who asked that her first name not be used. “The economy isn’t great and firms are freezing headcount. I can say this is probably the worst time to migrate.”