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Hong Kong Banking Regulator Lobbies to Cut Covid Quarantine

  • HKMA pushes to shorten hotel quarantine to seven days
  • Regulator urges lenders to remain committed to Hong Kong
A traveler walks through Hong Kong International Airport.

A traveler walks through Hong Kong International Airport.

Photographer: Chan Long Hei/Bloomberg
Updated on

Hong Kong’s banking regulator told finance executives in recent weeks that it’s lobbying the government to shorten the strict hotel quarantine placed on incoming travelers as it seeks to prop up confidence in the city’s status as a financial hub. 

Hong Kong Monetary Authority told a group of banks that it will start engaging with the government to reduce the hotel quarantine to 7 days from 14 days, followed by another week of isolation from home, said people familiar with the talks, asking not to be identified because the meetings were private. HKMA also urged the banking community to stay committed to Hong Kong, one of the people said.