Hong Kong’s continued adherence to Beijing’s strict COVID-19 containment policy has severely damaged the city’s financial industry.
Last week, a lobby group forHong Kong’s fund managers called on the incoming Chief Executive John Lee to lift the entry quarantine rules for travelers and reopen Hong Kong to the rest of the world, restoring the city’s status as an international financial center.
“The longer we are stuck in this restrictive mode, the more we are reducing our relevance and competitiveness in the international arena,” Sally Wong, the chief executive of the Hong Kong Investment Funds Association, said in an email to Bloomberg….