Morgan Stanley to Repay Hong Kong Staff $5,100 for Quarantine
- Program applies to quarantine from Dec. 1 to Nov. 30, 2022
- Bank offers reimbursement to all Hong Kong permanent employees
The Hong Kong city skyline.
Photographer: Paul Yeung/BloombergThis article is for subscribers only.
Morgan Stanley is offering to reimburse its Hong Kong employees as much as HK$40,000 ($5,100) to compensate for quarantine costs brought on by the financial hub’s zero-Covid strategy.
The one-time reimbursement will be available to all Hong Kong permanent employees when they return from a personal trip to visit immediate family members, including spouses, domestic partners, children, parents and grandparents, the U.S. bank said in a memo. A spokesman confirmed its contents.