ckdown has hurt their business prospects and upended daily lives.
"What happened in Shanghai is shocking to most of the people. Few would have imagined things will get out of hand to such an extent," said Mr Melvyn Xu, a private equity investor who moved to Shanghai from Hong Kong in late 2020. An exodus will hurt Shanghai's ambition to be a regional financial centre and bring bad news for foreign investment banks, insurers and asset and wealth managers who have been expanding their footprints in the city over the past few years as China opened up its financial sector.
Conversations with financial professionals in Shanghai have shown deep concerns about the lockdown measures, Mr Tan said." not very attractive moving forward... This lockdown can happen again. Next time it might be longer and tighter.
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