Japanese Brokerage SBI Weighs Leaving Hong Kong Amid Turmoil
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SBI Holdings Inc. may become the first major Japanese financial firm to withdraw from Hong Kong following the political turmoil there.
Japan’s biggest online brokerage is considering pulling out of the city by as soon as March on the view that the recently enacted national security law has eroded its attraction as a financial center, spokesman Shoichi Okayasu said by phone. SBI Holdings has fewer than 100 employees in the Chinese territory.