More than 40% of members surveyed by the American Chamber of Commerce in Hong Kong said they might leave the city, highlighting the business community’s concerns over a China-imposed national security law and the local government’s handling of Covid-19 outbreaks.

Singapore figured among the most popular potential destinations, while some mentioned Tokyo, Taipei and Thailand as alternatives, the lobby group said in a report released on Wednesday. Conducted between May 5 and 9, the survey received responses from 325 members, accounting for 24% of the total.

"We believe many businesses will have strong opportunities to thrive in the future,” President Tara Joseph said in a statement. "Right now though, it’s easy to worry about a brain drain of top talent and skills in a gateway city that is fueled by trade, international capital flows and global connectivity.”