The reason is simple: money. Soaring Hong Kong office rents, coupled with relentless pressure on hedge-fund fees industry wide, are prompting managers to choose between a fancy address and profits. Slowly, the stigma of being based outside Central, a hub of business life for most of Hong Kong’s history, is yielding to sober financial reality.
More on this story Getting Priced Out Of Hong Kong’s Central District
Via Fion Li, Bloomberg Hong Kong Bureau Chief