Businesspeople Call For Own Shenzhen Hotel Quota

"); jQuery("#212 h3").html("

"); });
2022-07-12 HKT 18:43
Shenzhen authorities are being urged to reserve hundreds of quarantine rooms each day for businesspeople from Hong Kong.
Two-thousand new quarantine places for travellers from Hong Kong are currently being provided each day through a ballot system.
But a hundred Hong Kong business owners and 18 DAB lawmakers have signed a petition to the Shenzhen government calling for another 500 rooms to be made available each day, solely for businesspeople.
Kennedy Wong, a DAB lawmaker representing the import and export sector, says he thinks only around ten percent of people applying through the ballot system manage to secure a quarantine room on any given day.
He said this has created uncertainty for over 200,000 Hong Kong-invested enterprises in Guangdong.
“There is a lot of uncertainty on when they can actually cross the border. So they cannot make appointments to see their customers, their partners and maybe officials and so on,” he said.
Wong said accounting firms are greatly affected by the new balloting policy.
“They need to audit a lot of companies… they need to send a team. With the balloting system, a few people can try at the same time, but maybe only one or none get approved,” he explained.
“So, how do you overcome those hurdles to ensure that Hong Kong will not get isolated and be further integrated into the GBA and also the whole country?”
“This balloting is just not workable for a business to run their operations in the Greater Bay Area, in mainland China.”
Wong said he is not worried that businesspeople would abuse business quotas for other purposes, as they would probably have to provide information on their companies and the purpose of their trips.
TOPPAN Edge Becomes Japans First Qualified VLEI Issuer
The Global Legal Entity Identifier Foundation (GLEIF) has announced TOPPAN Edge, a subsidiary of TOPPAN Holdings that p... Read more
SFC And Dubais DFSA Partner On Cross-Border Regulatory Cooperation
The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (D... Read more
Toss To Launch Finance Super-App In Australia, Plans Won-Based Stablecoin
South Korea’s fintech unicorn Toss is preparing to launch its finance super-app in Australia before the end of this y... Read more
China Funds Research On Stablecoins And Cross-Border Oversight
China’s largest government-backed research funder has begun accepting applications for studies on stablecoins and the... Read more
XTransfer, CZBank Shanghai Branch Form Cross-Border Finance Partnership
XTransfer has entered into a partnership with the Shanghai branch of China Zheshang Bank (CZBank). The agreement was si... Read more
Brinc Launches VentureVerse Through Acquisition Of OG Club
Brinc, a Hong Kong-based venture acceleration and corporate innovation firm, has acquired OG Club, a decentralised auto... Read more