Dear Fool HK members,
The Motley Fool entered Hong Kong about two years ago in order to build an investment community here to serve many markets across Asia. We strive to fulfill our purpose by providing outstanding investing advice on Hong Kong stocks, US stocks and other stocks around the world. We hope our Special Free Reports and free content on fool.hk could help you take control of your money and make better financial decisions over the past two years.
Unfortunately, The Motley Fool has decided to close our Hong Kong entity after weighing what’s best for our business and employees.
Traditionally, most foreign companies operating here (like The Motley Fool) look to leverage Hong Kong’s freewheeling capital flows, transparency of information, and Western Rule of Law to access the China market. Then, in mid-2019, the outbreak of protest against the Extradition Bill led Hong Kong into a pro-long political struggle. The recent introduction of a Hong Kong National Security law by Beijing authorities has placed a fresh international focus on Hong Kong’s unique “One Country, Two Systems” model and its future outlook. Moreover, the decoupling trend between the US and China is putting this financial hub in the eye of a geopolitical storm.
With all those uncertainties, it’s hard to make predictable decisions to grow our Foolish business here over the next 3-5 years. Thus, we want to focus on and put resources behind ideas that can meaningfully, efficiently, and profitably scale our business around the world.
I’ve written a couple of articles about the risk of over-concentration portfolios on Hong Kong and China stocks among Hong Kong investors. Thus, I’d suggest you diversify your portfolio by joining one of our investment communities in the US, the UK, Canada, Australia, Germany, Japan to keep up-to-date Foolish advice on other stock markets.
I hope that our paths will cross again, and wish you all the best for the future.
Lead Analyst, Motley Fool Hong Kong