A Paradigm Shift Towards a Green and Sustainable Finance Center

14 An Inventory of Hong Kong’s Recent Economic Fluctuations Figure 5: Perceptions of Hong Kong’s Business Outlook (Source: Surveys by the American Chamber of Commerce in Hong Kong. Note: The business outlook in 2021 is taken from each company’s performance assessment due to the design of the survey in that year.) In contrast to the business outlook, companies are increasingly choosing to stay in Hong Kong and continue their business here (Figure 6). In 2021, 56% of the respondents were uncertain whether their companies/ offices would leave or not, and only 40% expressed their intention to stay. However, by 2024, 78% of the respondents made it clear that their companies/ offices would not move out of Hong Kong. This was in marked contrast to the mere 15%who hesitated and did not provide a decisive answer. Figure 6: Plan to Move Their Offices Away from Hong Kong in the Next Three Years (Source: Surveys by the American Chamber of Commerce in Hong Kong) 100% 80% 60% 40% 20% 0% 3% 5% 18% 35% 35% 6% 7% 4% 31% 40% 24% 2% 41% 11% 3% 36% 16% 23% 50% 8% 100% 80% 60% 40% 20% 0% 56% 4% 40% 48% 61% 78% 15% 7% 30% 9% 5% 47% 2021 2022 2023 2024 2021 2022 2023 2024 Yes Unsure No Very optimistic Pessimistic Very pessimistic Optimistic Neutral