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Hong Kong Rattles Bankers With Unusually Strict Quarantine

  • Some bankers are stuck in government isolation centers
  • Policy stokes concern about luring global talent to Hong Kong
Bloomberg business news
Inside Hong Kong Quarantine
Updated on

Hong Kong’s strict coronavirus containment measures are causing growing anxiety within the city’s financial sector, after an outbreak forced several firms to shut offices and left some employees and their children stuck in spartan government quarantine facilities.

An executive at one international investment bank in the city said the firm would have to consider shifting some of its traders to other financial hubs if Hong Kong’s current quarantine policies stay in effect for the long-term. Managers at another global financial company are concerned they’ll struggle to retain and attract overseas talent if Hong Kong’s rules persist while other cities begin to relax restrictions as vaccine rollouts accelerate.