HSBC Splits Hong Kong Team to Different Locations to Manage Quarantine Risks
- Bank says risk isn’t merely infection but also quarantine
- Hong Kong has one of world’s strictest quarantine policies
The HSBC Holdings Plc headquarters at night in Hong Kong.
Photographer: Lam Yik/BloombergThis article is for subscribers only.
HSBC Holdings Plc warned traders that one of the main risks to business continuity is the city’s quarantine policy as the Asian financial hub tightens to contain a fifth wave of infections.
Hong Kong, which is pursuing a Covid Zero strategy to match mainland China, has employed some of the strictest measures in the world to keep infections at bay. Authorities have sent close contacts of positive cases to quarantine camps for several weeks and also banned flights from eight countries, on top of mandating 21 days in hotel isolation for most incoming travelers.