'Roadmap To Normality Will Strengthen Faith In HK'

The Monetary Authority's chief executive on Thursday said it was crucial for Hong Kong to have a clear roadmap towards normality and to not revert to tighter anti-epidemic measures, in order to strengthen overseas confidence in the city.

During interviews with several local media, such as the Hong Kong Economic Journal and TVB, Eddie Yue said he had learnt that many financial workers had returned to the SAR since the government replaced hotel quarantine with three days of medical surveillance for inbound travelers.

The head of the territory's de-facto central bank added that many banking sector employees who had previously relocated abroad even requested to be sent back to Hong Kong.

Yue said the fact that the territory did not tighten its anti-Covid policy in spite of a recent rebound in infections has helped to attract talent.

He said he hopes to convey a message to the world that "Hong Kong is back" by hosting the Global Financial Leaders’ Investment Summit on November 2 and 3, which will be attended by around 200 executives from different sectors.

Yue added that he believes Hong Kong’s common law system, a robust regulatory regime, as well as its role in facilitating capital flows between the mainland and overseas, will continue to attract talent to the city.