Hong Kong protests have led to $5 billion of capital outflows: Bank of England

Hong Kong is seeing the results of six months of violent protests on its finances. According to the Bank of England, $5 billion in investment funds have left the city. The British Central bank said the outflow makes up almost 1.25% of Hong Kong's GDP. Analysts have warned that the territory's economy will not improve in the near term and rating agencies Fitch and Moody's have both downgraded their outlook. Mr Mark Michelson, chairman of Asia CEO Forum at IMM Asia, shared his thoughts on the capital outflow and how it affects businesses in Hong Kong.

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