Restrictions on travel to stem the spread of the coronavirus have seen visitor arrivals from mainland China all but dry up. Photo: Edmond So
Amount spent by mainland Chinese on Hong Kong life insurance policies plummets 76 per cent as Covid-19 brings visitor arrivals to a standstill
- Mainlanders, until now big spenders on Hong Kong policies, spent only HK$839 million in the second quarter, down 85 per cent from the first
- Bank deposits in July rose 2.7 per cent, the biggest jump in two years as hot money flooded in, chasing IPOs
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Hong Kong Monetary Authority (HKMA)
Restrictions on travel to stem the spread of the coronavirus have seen visitor arrivals from mainland China all but dry up. Photo: Edmond So