A number of risk advisory investigation firms are closing Hong Kong offices

<p>The <a href="https://www.wsj.com/business/risk-advisory-firms-decide-hong-kong-isnt-worth-it-f2bde437" target="_blank" rel="nofollow">Wall Street Journal</a> (gated) with the report. </p><p>The closures come after US firm Mintz was raided earlier the year and staff detained. </p><ul><li><a href="https://www.forexlive.com/news/reports-that-us-firm-minz-group-beijing-office-raided-chinese-staff-detained-20230324/" target="_blank" rel="follow">US firm Minz Group Beijing office raided, Chinese staff detained</a></li><li><a href="https://www.forexlive.com/news/china-raids-fines-us-firm-for-foreign-related-statistical-investigations-without-approval-20230822/" target="_blank" rel="follow">China imposed roughly US$1.5 mn in financial penalties on the Beijing arm of Mintz Group for allegedly conducting unapproved statistical work</a></li></ul><p>Making statistics illegal isn't likely to further enhance business confidence in China. Jailing statistics folks, ditto. This from earlier in the year also:</p><ul><li><a href="https://www.forexlive.com/news/chinas-new-espionage-law-likely-to-discourage-foreign-capital-inflow-cut-economic-growth-20230427/" target="_blank" rel="follow">China's new espionage law likely to discourage foreign capital inflow, cut economic growth</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.