HONG KONG: Since China imposed a national security law on Hong Kong in 2020, it has steadily increased its control over the city.

Beijing has also escalated efforts to strengthen economic and social links between the Chinese special administrative region and the mainland.

But with intensifying geopolitical tensions between the United States and China, Hong Kong’s proximity to mainland China – which has long been one of its greatest economic assets – is becoming a double-edged sword.

DROP IN NUMBER OF REGIONAL HEADQUARTERS

One company that has capitalised on this geographical proximity is Micro-Pak, a Hong Kong-based supplier of anti-mold products for the garment and footwear industries.

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