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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