Withdrawing from Hong Kong︱Chen Zhisi: The quarantine rules for companies to return to Hong Kong should not be maintained for a long time

The government earlier announced that starting from the 1st of next month, the no-fly orders for 9 countries including the United Kingdom and the United States will be lifted, and the quarantine period for non-local Hong Kong residents after returning to Hong Kong will be reduced to at least 7 days.

Chen Zhisi, the convener of the Executive Council, said on the RTHK program today (26th) that the relevant arrangement is scientific and acceptable, but whether it is enough to maintain Hong Kong's status as an international financial center depends on future development. Hong Kong cannot continue the current isolation in the long run. Quarantine practices.

Hong Kong faces a dilemma and international standards / business with the mainland?

Chen Zhisi mentioned that since the outbreak of Omicron, many places have gradually opened up. Due to Hong Kong's geographical advantage, it is believed that companies whose business activities are related to Greater China and the Greater Bay Area have little chance of moving out of Hong Kong; As the headquarters of the Asia-Pacific region, it needs to travel frequently to Southeast Asia, Japan, South Korea, Australia and other places. It is not possible to conduct business activities in Hong Kong. Therefore, in the past few months, many companies mainly engaged in business in the Asia-Pacific region have moved out of Hong Kong and moved to Dubai and Singapore. In other places, I believe that the chance of returning to Hong Kong is relatively small.

He pointed out that Hong Kong faces a dilemma. Many businesses need to be in line with international standards, but larger economic activities must be carried out with the mainland.

He said that the future will depend on how the mainland handles the epidemic, and he does not believe that the mainland will be closed down forever. He believes that the fifth wave of the epidemic in Hong Kong is a good reference for the mainland.

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