Many top international bank executives say they will only attend financial summit in Hong Kong in November if quarantine-free measures are allowed

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5th August 2022 – (Hong Kong) Hong Kong will hold a large-scale financial summit and the World Rugby Sevens in November, which will be an opportunity to re-show Hong Kong as an international city to the world. Some reports describe this milestone as the ultimate deadline in opening up to the world. At that time, entry restrictions must be relaxed.

Michael Tien, member of the Legislative Council for New Territories North West pointed out earlier that quarantine period for arrivals has always been required to gradually change from the current “7+0” to “3+4” and then to “0+7”, and that home quarantine will be fully adopted for business travellers and vaccine passport will be suspended during the period to achieve the effect of full control.

In early June this year, Eddie Yue, the chief executive of the Hong Kong Monetary Authority (HKMA) said that he has personally invited more than 100 of top bankers, fund managers and financial executives to a summit scheduled to be held on 1st and 2nd November this year. Morgan Stanley, JPMorgan Chase, HSBC, Standard Chartered, Goldman Sachs, UBS etc are all on the list.

However, recently, some of the top bankers have indicated that they do not want to be entangled in any form of quarantine measures when they arrive in Hong Kong. Their wishes have been relayed to the health bureau but it is unknown if the Secretary for Health, Professor Lo Chung-mau will accede to their requests.

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