New Economy Forum
HSBC CEO Quinn Backs Hong Kong’s China Reopening Plan
- HSBC CEO says ‘friction’ will remain in supply chains
- Quinn says ‘great’ that China and U.S. are now talking
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The boss of HSBC Holdings Plc, the biggest bank in Hong Kong, said he won’t do anything that would put the city’s efforts to open up travel to mainland China at risk, even as criticism of the financial hub’s zero-Covid policy grows.
In an interview at the Bloomberg New Economy Forum in Singapore, Chief Executive Officer Noel Quinn said he currently has no plans to visit the city, the lender’s biggest market. Quinn said he visited Hong Kong late last year, spending two weeks in quarantine and then four weeks meeting with clients.