Coronavirus: Hong Kong expands quarantine waivers for executives in more industries to keep financial hub’s business vibes abuzz
- Each of the four financial regulators can exempt four vaccinated, senior executives of each company from quarantine when they visit the city
- The four bodies are the SFC, the HKMA, the Insurance Authority (IA) and the HKEX
Hong Kong’s government is expanding the scope of its quarantine exemptions, potentially enabling thousands of senior executives to resume travelling, as the absence of new local Covid-19 cases bolstered confidence to sustain deal making, relationships and businesses in Asia’s financial hub.
Each of the four regulatory bodies responsible for the city’s financial services will be able to exempt four vaccinated, senior executives of each company from three weeks of quarantine when they visit the city, according to the spokeswoman for the Financial Services and the Treasury Bureau (FSTB).
“Hong Kong has a lot of financial firms and listed companies which have the need to travel around the world to maintain their business operations,” according to the spokeswoman. “This is important to maintain the city as an international financial centre.”
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