Deloitte and KPMG have raised some questions. These questions are about the executives who are based in the US to avoid using their usual work phones at the time of trips to Hong Kong. This is one of the most controversial topics of current time. A lot of people are currently giving their opinions on this controversy. Deloitte and KPMG are requesting their US-based executives to avoid using their phones at the time of their visit to Hong Kong as China has increased its control over the region. Read this article till the end to learn every single thing.
Deloitte and KPMG have asked some of the United States-based executives to not use their work phones during their visit to Hong Kong. This is citing the unidentified individuals with the knowledge of the policies. According to the source, several McKinsey consultants are traveling to the Asian financial hub with their separate phones. Recently, an executive at the global consultancy has stated that senior employees are hesitant to visit Hong Kong which has resulted in the inconvenience of leaving their mobile devices. China has increased its control over Hong Kong now. Now scroll down to the next paragraph of this article to learn more about this topic.
As per the Asia-Pacific headquarters of many global companies, the move that has been made recently has been made because China has increased its control over Hong Kong. Deloitte, KPMG, and McKinsey have officially declined to make any comment to the FTRecently, the PwC has claimed that it does not have any police. However, the executive of EY has claimed that they are not completely aware of the restriction for the trips in Hong Kong. Continue reading this article in the further article to learn more about this topic.
According to the source, the overseas shipments have grown by 1.4% in October 2023 whereas on the other hand, the imports have been growing by 2.6% from the year earlier. The overseas shipments have officially grown up to HK$390.9 billion and it is happening when the imports have grown up to HK$405.6 billion with the trade deficit which is currently amounting to HK$25.8 billion. The shipments to China have officially expanded by 5.6% and in Vietnam, India, and Thailand it has grown by double digits. Hong Kong exports rose in the last month for the first time in over a year as the trade with China imports.