70 More Bars Close Down Over Chinese New Year
"); jQuery("#212 h3").html("

"); });
2021-02-21 HKT 21:00
The Association told a press briefing on Sunday that, so far, more than 200 establishments have closed since the pandemic hit, and the government introduced social distancing measures, which means the city had lost 15 percent of its bars and pubs in six months, warning that the sector was on the brink.
The government ordered bars to close for three months after the fourth wave of the pandemic hit last year.
It relaxed social-distancing restrictions for restaurants on Thursday - but not for bars.
Bar owners accuse the authorities of showing favour to the restaurant sector, and said they could also ask visitors to use a government contact-tracing app or record their personal information - as long as they're allowed to reopen - but they said they were disappointed that the government had not responded.
“Why is it that restaurants can open, but not us? Does our alcohol contain the virus?” said one employee surnamed Cho.
The group’s vice-chairman, Wing Chin, said the second wave of closures within the sector showed that thousands of workers had fallen into an "abyss".
He urged the government to either let bars reopen, or compensate each business with at least HK$50,000, saying the previous government subsidies were not enough.
ZA Bank Brings Nasdaq Data To Hong Kong, Expanding US Stock Access And Investor Education
ZA Bank and Nasdaq have announced a collaboration aimed at enhancing digital wealth management in Hong Kong and interna... Read more
Hong Kong To Study One‑Stop Infrastructure For Equities, Bonds And Digital Assets
The Hong Kong Monetary Authority’s (HKMA) CMU OmniClear and the Hong Kong Exchange (HKEX) are set to begin a study on... Read more
Hong Kong To Issue First Stablecoin Licenses In March, Expand Crypto Regulation
Hong Kong will issue its first licenses for fiat-referenced stablecoin issuers in March and introduce new legislation l... Read more
MSIG Joins US$6B IFC Credit Insurance Facility To Boost Emerging Market Lending
MSIG USA and Mitsui Sumitomo Insurance (MSI Japan), together referred to as MSIG, have joined a new insurance-ba... Read more
Why The $2 Trillion Stablecoin Prediction Is Too Low
McKinsey estimates the stablecoin market will hit $2 trillion by 2028. But according to Sam Lin, COO of dtcpay, even th... Read more
RedotPay Eyes US IPO With Potential US$1 Billion Raise
RedotPay is reportedly exploring an IPO in the US that could raise more than US$1 billion, according to people famili... Read more
