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Hong Kong Move to Reopen China Border Boosts Retail Stocks

  • City’s leader announces new quarantine-free travel program
  • Rekindling China travel ties may bolster Hong Kong’s economy
Bloomberg business news
WATCH: Hong Kong will start allowing visitors from China to skip the strict quarantine process required for most arrivals.(Source: Quicktake)
Updated on

Hong Kong will start allowing visitors from China to skip the strict quarantine process required for most arrivals, a key first step toward reopening the border with the mainland and reviving a flow of visitors that’s long been crucial to the local economy.

The city will start a “Come2hk” travel program on Sept. 15 that will allow up to 2,000 non-Hong Kong residents per day from the mainland and Macau to visit the city, Hong Kong Chief Executive Carrie Lam said at a regular press briefing on Tuesday morning.