Not Realistic To Expect Border Reopening Soon: Tam
"); jQuery("#212 h3").html("

"); });
2022-10-17 HKT 12:46
National People's Congress Standing Committee member Tam Yiu-chung on Monday said it is "not realistic" for people to think that the central government will ease its border restrictions as soon as the Communist Party of China's National Congress wraps up.
Speaking a day after the opening of the party's 20th national congress, Tam explained that the Covid-19 pandemic is still fluctuating with the emergence of more infectious variants, and there's a need to avoid major outbreaks.
"Just because we hope for an immediate border reopening after the 20th party congress ends, that doesn’t mean it would happen. This is just not realistic," Tam,who is Hong Kong's sole delegate to the country’s top legislative body, told an RTHK programme.
However, he also pointed out that research on homegrown booster vaccines and Covid antivirals are under way, and the availability of these drugs can help bring the idea of border-reopening closer to reality.
Tam said while there will be "some changes for sure" in terms of border measures after the party congress, it will take time for mainland officials to prepare for the adjustments.
He said he hopes authorities there will increase the quota to allow more Hong Kong residents to cross the border.
_____________________________
Last updated: 2022-10-17 HKT 14:29
EDENA Unveils AI System To Automate Sovereign Asset Settlement
At the DAT Summit Hong Kong, EDENA Capital Partners launched the Autonomic Financial OS. The company describes it as an... Read more
Naver Exposes 15,000 Knowledge IN Users Activity, Moves To Improve Privacy Controls
Naver has announced measures following an incident in which around 15,000 users’ activity histories on Knowledge iN w... Read more
Japans PayPay Files For US IPO, Targets Valuation Above US$10B
SoftBank‘s digital payments unit, PayPay, has filed publicly for a US IPO. The listing could be the largest by a Japa... Read more
Inference Research Launches In Hong Kong With US$20M Seed Funding
Inference Research, an AI-native quantitative trading firm based in Hong Kong, has announced its launch and the expecte... Read more
London-Based Unlimit Appoints Michele Fung To Lead APAC Expansion
London-based fintech company Unlimit, which provides a broad range of financial technology services, has appointed Mich... Read more
SoFi Launches Digital Asset Trading In Hong Kong Through OSL Partnership
SoFi Securities (Hong Kong) (SoFi Hong Kong) and OSL Group have announced a partnership to offer digital asset trading ... Read more