Japan’s largest online broker SBI says it may downsize in Hong Kong as city’s financial future comes under threat by security law

SBI Holdings, Japan’s largest online broker, is considering whether to downsize its Hong Kong operations in the next one to two years, becoming the first Japanese financial institution to retreat from the city amid rising concern about the city’s financial role under China’s national security law.The company is considering a retreat from the city as Hong Kong’s status as an international financial hub is likely to decline in the future, a spokesman at the Tokyo-based brokerage said, confirming…

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