China Asks Foreign Business Leaders How to Revive Hong Kong in Rare Move
- Agency overseeing Hong Kong held meetings with business groups
- City’s economy has been reeling from strict Covid policies
The flags of China and Hong Kong Special Administrative Region hang along a pedestrian footbridge in Hong Kong on June 22.
Photographer: Paul Yeung/BloombergThis article is for subscribers only.
China asked foreign business chambers in Hong Kong how to revive the isolated financial hub’s economy in unprecedented listening sessions weeks before new leader John Lee takes office, according to multiple people familiar with the matter.
The Liaison Office, Beijing’s main body overseeing Hong Kong, sent invitations to commerce heads across the city in early June to seek their opinions on the challenges of operating in Hong Kong and mainland China, the people said. They said the chambers responded with one overriding message: End quarantine altogether as soon as possible.