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Home Real Estate

Hong Kong’s Security Law Causes Surge in Social Media Ads Over Property

The Global Economics by The Global Economics
July 14, 2020
in Real Estate, Trending
Reading Time: 1 min read
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Lately, there has been an increased unrest in Hong Kong as many real estate investment firms target Hong Kong investors through social media ads and events.

Hong Kong’s national security law that came into effect earlier in June and is seen as the main reason for the increased level of worry and anxiety among the citizens. The law poses a threat to Hong Kong’s autonomy, further triggered by the strife in the U.S.-China trade war.

Last month, ads promoting emigration and international real estate investments swamped Hong Kong users’ social media platforms inducing a spike in inquires and demand for the same. This comes in an uncertain time when global tech giants like Facebook Inc., Google, Microsoft Corp., and Twitter Inc. have suspended processing user data requests from Hong Kong authorities, with growing concerns that the law will criminalize protests.

As per a survey by the American Chamber of Commerce, many US-based companies in Hong Kong are now planning to move capital, assets and business, as they are unable to gauge the law’s full implications. Yet the main interest comes from U.K. where ads referring to granting citizenship to Hong Kong residents through a BNO have caused a rife, leading to increased spikes in the U.K. property market businesses.

The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

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The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

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