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JPMorgan Chase executives arrive in Hong Kong to avoid quarantine Lam Cheng after tightening of inspection exemption measures: risk is controllable

2021-11-16T03:51:12.756Z


Under the epidemic situation, Hong Kong strictly guards against imports. In order to achieve an early customs clearance with the mainland, the quarantine exemption arrangements have been tightened more comprehensively starting last week (12th). However, Jamie Dimon, CEO of JPMorgan Chase


Under the epidemic situation, Hong Kong strictly guards against imports. In order to achieve an early customs clearance with the mainland, the quarantine exemption arrangements have been tightened more comprehensively starting last week (12th).

However, Jamie Dimon, chief executive of JP Morgan Chase, arrived in Hong Kong yesterday (15th) and was exempted from quarantine, making him the first Wall Street giant to come to Hong Kong since the outbreak.

According to reports, it was also the first senior international banker to come to Hong Kong exempted from quarantine after the government tightened the quarantine exemption.


When the Chief Executive Carrie Lam Cheng Yuet-ngor was asked about the relevant exemption arrangements this morning (16th), she revealed that this arrangement was based on economic reasons and was proposed by the Policy Bureau and approved by the Chief Secretary for Administration, emphasizing that the trips of relevant parties are restricted and risks are controllable. .


Chief Executive Carrie Lam Cheng Yuet-ngor stated at a press conference before the executive meeting on October 26 that most of the quarantine-exempt groups entering Hong Kong will be cancelled.

(Photo by Liang Pengwei)

In response, Lam Cheng Yuet-ngor pointed out that when the Executive Council passed the subsidiary legislation on epidemic prevention in Chapter 599 of the law, Chapter 599 (C) for Mainlanders and Chapter 599 (E) for foreign arrivals were set up respectively. Under any circumstances will be exempted from isolation.

She explained that the government has cancelled most of the group exemptions earlier, and there are only seldom used personal exemptions, including some epidemic prevention needs, government actions, and major economic benefits.

Lam Cheng later stated that the individual exemption is generally proposed by the Policy Bureau and approved by the Chief Secretary for Administration. Dimon's exemption is based on economic reasons and involves "multiple days of work", and the person's entire trip is limited and risky. Controllable.

Lin Zheng also gave an example that if she herself went to other places for business, she would also be exempted from quarantine when she returned to Hong Kong.

Dimon: Zero policy makes it more difficult for companies to retain talent

Earlier, the Hong Kong government fully tightened the quarantine exemption arrangements and cancelled most groups that were originally exempt, including diplomats and senior business leaders.

According to the South China Morning Post and several foreign media reports, Dimon was the first senior international banker to be exempted from quarantine to come to Hong Kong after the quarantine arrangement was tightened.

A report quoted a spokesperson for the Financial Services and the Treasury Bureau as saying that the government believes that this exemption only involves more than 30 hours of short-term visit arrangements, and is satisfied with the itinerary restrictions on social contact arrangements, and emphasized that the approval of the visit itinerary takes into account the interests of Hong Kong’s economic development. .

Dimon said that the purpose of this 32-hour trip is to thank the 4,000 employees for their hard work and meticulous work under the challenge of the epidemic.

In addition, the international financial community and even the business community have recently asked Hong Kong to abandon the "zero-clearing" policy, saying that the relevant restrictions have caused many large multinational companies to consider moving out of Hong Kong.

According to reports, Dimon said in a meeting with reporters that the restrictions were “really harder” for companies to attract and retain talent.

The film queen Nicole Kidman was exempted from quarantine and came to Hong Kong to shoot loosely, causing controversy.

(Visual China)

JPMorgan Chase: Bitcoin is a better inflation hedging tool for customs clearance | Lam Cheng: The pilot's diagnosis has no impact on mainland business customs clearance. He Boliang approves the biggest obstacle to new crown pneumonia | A number of exempt quarantine groups including foreign consulate personnel will be cancelled starting from 12th

Source: hk1

All news articles on 2021-11-16

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