Now, instead of having to isolate themselves in a designated hotel room for three nights, business travelers and tourists can base themselves in the accommodation of their choice, as long as they monitor their health for three days, including rapid Covid tests. .
According to the rules in force, passengers are free to move around, although they will not be allowed to enter restaurants or bars for the first three days of their stay.
The summit was announced by Hong Kong Finance Secretary Paul Chan in February.
But for several months, there was little news about his agenda, and there was speculation that high-flying bankers were reluctant to commit to the event if he had to spend time in mandatory quarantine.
However, the unquarantined arrival of a wealthy foreigner sparked public outrage at a time when most incoming travelers had to self-isolate in hotels at their own expense for 21 days.
The backlash reached such heights that Hong Kong’s then-leader, Carrie Lam, was forced to defend Dimon’s special dispensation, saying it was in the interest of “Hong Kong’s economy”.
As with many people, it is It’s inconvenient for executives to travel to Hong Kong when “things aren’t really open,” a person who works in the city’s financial industry told CNN Business. They have requested anonymity to discuss sensitive issues.
If someone were to ask for a similar exemption to Dimon, “it would be very problematic to have two sets of standards, especially when Hong Kong residents have risen in the last couple of years,” the person added.
The strict rules have also prompted relentless questioning of executives such as HSBC’s Quinn, who was repeatedly asked in recent earnings calls whether Hong Kong was still a banking powerhouse.
Now, the speech It will be an important part of the city’s efforts to demonstrate that it has truly reopened for global business.
“I am grateful to our friends who are traveling to the summit at a time when some anti-epidemic controls remain in place,” he said, noting that “the recent relaxation of some control measures is helpful.”
“We need to make sure they can meet people, do business and build relationships in the way they normally expect from a vibrant international city,” Yue added.