Guarded welcome for Hong Kong moves to stem brain drain, but critical border issues remain

This story first appeared in AsianInvestor.

While Hong Kong fund managers may have welcomed a series of government measures to address the brain drain and bring talent back to Hong Kong, there was disappointment that the long-awaited border reopening between Hong Kong and China was not among them.

The remarks came as Hong Kong’s new chief executive John Lee Ka-chiu on October 19 released his first Policy Address since taking office on July 1.

In the grand plan that determines Hong Kong’s key policies for the next few years, Lee acknowledged that the financial hub had lost about 140,000 of its working...