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

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 US moved to disrupt immigrant-visa appointments worldwide. Jonathan Lamport, the representative for the Hong Kong General Chamber of Commerce (HKGCC) in the Legislative Council, said the visa uncertainty reinforced the need for companies to broaden their overseas presence beyond traditional Western markets. “The...