Govt Urged To Scrap Quarantine Measures

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

Related News Programmes

"); });

2022-08-16 HKT 15:11

Share this story

facebook

  • Govt urged to scrap quarantine measures

Fund management representatives on Tuesday called on the government to lift all quarantine measures by November, saying it is crucial for the SAR to reconnect with the world.

The Hong Kong Investment Funds Association (HKIFA) said it surveyed 36 fund management companies in July, and found that two-thirds of the firms found it difficult to retain and attract international talents under the city’s Covid restrictions.

35 percent of the firms said they’ve moved some regional and global posts to other offices outside the territory, while 13 percent of them have reduced their headcount in the SAR.

The association's CEO, Sally Wong, said as a number of international events are due to take place in November, Hong Kong should fully reopen by then.

"We will have a high-level investment summit and the Rugby Sevens in November. So I think it's pivotal that we can achieve normalcy by November because that is a very important window to show to the rest of the world," she said.

The association’s chairman, Nelson Chow, also said the government’s recent decision to shorten the hotel quarantine period for incoming travelers to three days is not enough, as many countries have already completely reopened their borders.

"We welcome the recent relaxation on the quarantine requirements... We have to benchmark other international financial cities, especially around this region, in order to be competitive," he said, adding that he expects Hong Kong to bounce back quickly as a global fund management hub once quarantine measures are lifted.

RECENT NEWS

Is Hong Kongs Financial Hub Status At Risk?

Globally, Hong Kong has made its mark as a financial hub alongside Singapore and Dubai. These city-states, while rivals... Read more

Project Aurum Phase Two Focuses On Privacy For Retail CBDCs

The BIS Innovation Hub Hong Kong Centre, in collaboration with the Hong Kong Monetary Authority (HKMA), has initiated t... Read more

Cyberport Welcomes New Directors, Retains Key Leaders For 2024-2026

Hong Kong Cyberport has announced the Hong Kong Special Administrative Region (HKSAR) Government’s appointment of th... Read more

Redefining Resilience For Banks In The Digital Era With The Four Zeros

The banking industry stands at the brink of a major transformation, driven by rapid technological advancements and chan... Read more

GSBN Partners Ant To Digitise Shipping Processes In Hong Kongs WCBDC Project

The Global Shipping Business Network (GSBN), in partnership with Ant Group, has developed a prototype electronic bill o... Read more

HKMA Alerts Public To Fraudulent Claims Regarding E-HKD Pilot Programme

The Hong Kong Monetary Authority (HKMA) advises the public to exercise caution following reports of entities falsely cl... Read more