Shanghai reopening: stock exchange to release staff from sleeping on-site on June 6, breaking its ‘closed loop’ as city exits lockdown
- All technicians, compliance officers and back-office clerks will be able to commute from home every day
- Some employees were allowed to leave the closed loop on Wednesday
“Credit should be given to the exchange staff for their hard work and sacrifice,” said Ding Haifeng, a consultant at Shanghai-based financial advisory firm Integrity. “They kept equity trading running smoothly, even as the harsh lockdown of Shanghai disrupted every aspect of life and business.”
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Shanghai reopens after two-month Covid lockdown, but how fast can life return to normal?
Shanghai started a phased lockdown on March 28 by shutting down Pudong, east of the Huangpu River, before locking the whole city down on April 1. The city, which reported a total of 626,600 Covid-19 cases since its current outbreak began on March 1, finally lifted the lockdown on June 1, allowing more than 22.5 million residents – or 90 per cent of its population of 25 million – to leave their compounds.