HSBC sounds the alarm on Hong Kong's ultra-strict quarantine rules
2 years, 11 months ago

HSBC sounds the alarm on Hong Kong's ultra-strict quarantine rules

The Telegraph  

HSBC has raised the alarm on Hong Kong's strict quarantine rules by warning traders that the finance hub's extreme Covid measures are a risk to its business. Late last year its chief executive, Noel Quinn, backed China’s Covid approach, saying “it's important for Hong Kong to establish what they need to establish with China on reopening”. HSBC’s finance chief, Ewen Stevenson, also argued last year that “plenty of people are happy to move to Hong Kong” and more senior people would do so over time. Eddie Yue, head of the Hong Kong Monetary Authority, last year told a local newspaper his colleagues were sending finance executives trapped in hotel quarantine luxury food and wine packages so that they felt “less angry”.

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