Here is more from SCMP:
The Bauhinia Foundation Research Centre, a Hong Kong think tank set up by a close aide of former chief executive Donald Tsang Yam-kuen, will close by the end of March, the Post has learned.
Analysts said its exit underscored the limited room for think tanks to develop in a city where policymaking had been dominated by officials.
The centre was founded in March 2006 by Norman Chan Tak-lam, who ran Tsang's campaign to become city leader the previous year.
In 2019, Hong Kong think tank SynergyNet closed after 17 years in operation from lack of funds and an "unfavorable environment" for think tanks.
In 2020, German think tank Friedrich Naumann Foundation for Freedom closed its Hong Kong office following China's imposition of a new national security law on the territory.