Home > > Hong Kong rejects pleas from global banks to scrap zero-Covid

Hong Kong rejects pleas from global banks to scrap zero-Covid

10/26/2021| 2:39:29 PM|

The top priority remains reopening travel to the Chinese mainland.

Hong Kong’s government said it will stick to its “zero infection” strategy on Covid-19, rebuffing a plea from global banks for the city to ease its strict quarantine policy and set a clearer time-line for a return to normal or risk its status as a center for international business.

In a statement issued to Bloomberg News in response to calls from the city’s top bank lobbying group for a change of course, a government spokesperson reiterated that the top priority remains reopening travel to the Chinese mainland.  

The Asia Securities Industry & Financial Markets Association over the weekend issued its most public warning yet over the city’s strategy. The group said in a letter to Financial Secretary Paul Chan that the hard-line approach has put Hong Kong’s status as a financial center, its broader economic recovery and competitiveness at risk. A survey by the group found that almost half of global banks and asset managers are now considering moving staff and functions out of the financial hub.

Read original article

TAGS: Hong Kong
©2021 广州力矩资讯科技有限公司 粤ICP备06070077号
Tell us more about yourself!