Hong Kong lawmaker urges firms to expand into emerging markets amid US visa pause

AI Summary

A Hong Kong lawmaker encourages local companies to expand into emerging markets such as the Middle East, ASEAN nations, and Central Asia. This advice comes in response to the US pausing immigrant visa appointments globally, highlighting the need to mitigate geopolitical risks.

Hong Kong companies should accelerate their expansion into the Middle East, the Asean bloc and Central Asia to reduce their exposure to geopolitical risks, a lawmaker has said, as the United States moved to disrupt immigrant-visa appointments worldwide. Jonathan Lamport, the representative for the Hong Kong General Chamber of Commerce (HKGCC) at Legislative Council, said the visa uncertainty reinforced the need for companies to broaden their overseas presence beyond traditional Western...