Former security chief John Lee, who becomes chief executive of the former British colony on Friday , needs to reboot the once-teeming global financial hub, eight business leaders said, because its border has effectively been sealed since 2020 and international arrivals subject to stringent quarantine and testing protocols.
"The first step is to resume quarantine-free travel to the city," he added."We are almost the last place in the world that still requires travellers to quarantine upon arrival and this must change as soon as possible. The next step is a major PR exercise to get people to come." Hong Kong has tried to emulate China's"dynamic zero-Covid" approach. But unlike in the mainland, Hong Kong’s territory, home to more than seven million people, remains highly reliant on international travel and business.
The government “cannot just forego China for the international market, I think if we send that message the local community will be upset. Managing both is actually very challenging for the next administration". Some executives are still optimistic on the outlook for Hong Kong as a finance hub, and they believe it will remain the springboard for accessing mainland China. Read full story
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