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Letzte Aktualisierung: October 28, 2021

Quarantine policy harms Hong Kong's financial center

Sealed metropolis: Even isolated cases trigger extreme measures in Hong Kong

Hong Kong has become the world's most closed-off financial metropolis as a result of the Covid pandemic. But despite a growing impatience from banks and businesses, borders remain tight. Banks are now ranting in an open letter about the collapsing business as a result of extreme quarantine rules.

Hong Kong's banks have had enough. Over the weekend, its banks sent an urgent reminder to Financial Secretary Paul Chan, expressing their outrage over the current situation. The government's "zero-covid policy" and its strict quarantine rules in Hong Kong are jeopardizing the competitiveness of the location compared to other financial centers, the letter says.
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