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

Hong Kong lawmaker Jonathan Lamport, representing the Hong Kong General Chamber of Commerce (HKGCC) in the Legislative Council, is urging local companies to expand into emerging markets. This recommendation comes as the United States has disrupted immigrant visa appointments globally. Lamport stated that companies should accelerate their expansion into the Middle East, the ASEAN bloc, and Central Asia to mitigate geopolitical risks. He emphasized that this visa uncertainty highlights the necessity for businesses to diversify their overseas presence beyond traditional Western markets, advising against concentrating all investments in a single region.