Chamber Chief: End Quarantine To Bolster Business
"); jQuery("#212 h3").html("

"); });
2022-06-13 HKT 09:20
A business leader says that, if Hong Kong really does have a high degree of autonomy, it needs to shift away from Beijing's Covid strategy and allow quarantine-free travel to resume.
The vice chairman of the International Chamber of Commerce, George Cautherley, was speaking on RTHK's Hong Kong Today programme after the Chief Executive, Carrie Lam, conceded that strict border measures she imposed had "undermined" Hong Kong's status as an international hub.
Cautherley told RTHK's Janice Wong that the longer it took for Hong Kong to open up to the world, the bigger the adverse impact would be on businesses.
"It's good to hear her saying we have a high degree of autonomy over this," he said of the CE's comments. "Because I think that's something international business wonders: are we subject to whatever Beijing says we must do about keeping our borders open or closed.
"So we have to take advantage of that, if we really have that freedom. And I think most international businesses would say: open your borders as soon as possible. Adopt live with Covid as virtually the whole of the rest of the world is doing."
At present, people travelling to the SAR must serve one week in a quarantine hotel after undergoing testing at the airport. Lam has said the arrangement will not change before the new administration takes office on July 1.
In an interview with CNBC on Friday, Lam said border controls had made people impatient, but predicted that more people would come to Hong Kong for leisure or business if the quarantine period was reduced or replaced by home isolation.
Circle CEO Says China Could Launch Yuan Stablecoin In 3 To 5 Years As Trade Grows
Circle CEO Jeremy Allaire predicts that China could roll out a yuan stablecoin within three to five years to expand the... Read more
Naver IPO Timeline Set As Dunamu Merger Targets Nasdaq Debut
Preparations for a Naver IPO are underway following an agreement between Naver Financial and cryptocurrency exchange op... Read more
TransUnion Urges Lenders To Rethink Credit Risk For Gig Workers In Hong Kong
TransUnion is urging lenders to update their risk assessment models, revealing that gig workers in Hong Kong exhibit st... Read more
Citi And Endowus Roll Out HK$4,000 Wealth-Linked Credit Card Campaign
Citi and digital wealth platform Endowus have launched a joint credit card promotion in Hong Kong, expanding the Citi E... Read more
Aspire Secures SFC License In Hong Kong To Launch SME Yield Product
Singapore-headquartered fintech Aspire has secured three financial licenses from the Securities and Futures Commission ... Read more
Why Stablecoins May Become The Backbone Of 24/7 Global Trade
Stablecoin transaction volumes surged 72% in 2025, reaching a record US$33 trillion and signalling growing institutiona... Read more