Hong Kong Reduces COVID Measures as Its International Shine Dims

Hong Kong was saved by a group of Wall Street executives, who forced Beijing to allow the city to drop draconian quarantine policies which have lasted for two years.
In a bid to revive Hong Kong’s rapidly eroding status as a financial center due to strict quarantine policies, the Hong Kong Monetary Authority (HKMA) plans to hold an investment summit with a star cast in early November.
In August, the HKMA invited the chief executives of global investment banks, including Morgan Stanley, Goldman Sachs Group Inc., Citigroup Inc., and UBS AG.
However, some banks told Hong Kong officials that their executives from the United States and Europe will only attend if they are exempted from hotel quarantine policies….

Source link

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.