Hong Kong’s zero-COVID coverage undermining monetary hub standing – trade group

A basic view displaying the Central Enterprise District, in Hong Kong, China, September 15, 2021. REUTERS/Tyrone Siu

HONG KONG, Oct 25 (Reuters) – A monetary trade group warned on Monday that Hong Kong’s zero-COVID coverage and strict quarantine necessities for worldwide travellers threatens to undermine the town’s standing as a monetary hub.

The Asia Securities Business and Monetary Markets Affiliation (ASIFMA) stated a survey of members, together with a few of the world’s largest banks and asset managers, confirmed 48% have been considering shifting employees or features away from Hong Kong resulting from operational challenges, which included uncertainty relating to

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AM Finest Removes Beneath Overview With Destructive Implications Standing, Affirms Credit score Rankings of Unified Life Insurance coverage Firm

OLDWICK, N.J., September 28, 2021–(BUSINESS WIRE)–AM Finest has eliminated the below assessment with damaging implications and affirmed the Monetary Energy Score of B+ (Good) and the Lengthy-Time period Issuer Credit score Score of “bbb-” (Good) of Unified Life Insurance coverage Firm (Unified Life) (headquartered in Overland Park, KS). The outlook assigned to those Credit score Rankings (rankings) is damaging.

The rankings replicate Unified Life’s steadiness sheet power, which AM Finest assesses as enough, in addition to its enough working efficiency, restricted enterprise profile and marginal enterprise danger administration (ERM).

The removing of the below assessment with damaging implications

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