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US News Hong Kong: The financial lobby denounces the "zero covid" policy of the authorities

13:30  25 october  2021
13:30  25 october  2021 Source:   01net.com

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Hong Kong : le lobby financier dénonce la politique de © Pixabay Hong Kong: The financial lobby denounces the policy of "zero Covid" of the authorities according to the main financial lobby of Hong Kong, The isolation policy put in place by the authorities to combat CVIV-19 nights strongly at the reputation of the city.

The main lobby of Hong Kong denounced on Monday, October 25 the policy of "zero Covid" led by the authorities of the territory, believing that the long quarantines imposed on the travelers strongly affect the reputation of the city in the world of business . Hong Kong has been widely spared by the pandemic, with only 213 dead and just over 12,000 cases in total for 7 million inhabitants. But this was done at the price of draconian isolation, including about 40 days imposed on any new arrival even completely vaccinated.

Hong Kong: The national security law used retroactively by the

 Hong Kong: The national security law used retroactively by the © Dale de la Rey / AFP manifestation against the National Security Act in Hong Kong. It was July 1st, 2020 (picture of illustration). Several recent court decisions in Hong Kong give latitude to the authorities to use the provisions of the National Security Act for facts prior to the adoption of it in the summer of 2020.

This zero tolerance strategy against the virus is detrimental to Hong Kong's position compared to competing financial places like London, New York, Paris, Singapore and Tokyo, who chose to learn to live with the Covid-19, Estimated Monday the Asia Securities Industry and Financial Markets Association (ALSIFMA), the main association of the city's financial sector. "The status of Hong Kong as an international financial center is increasingly threatened, as well as its long-term economic recovery and competitiveness as a business city," she warns in a letter to the Minister of Finance of the territory, Paul Chan.

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Nearly three-quarters of ASSIFMA member companies complain of having trouble attracting or retaining new talents in Hong Kong, and almost half plan to move elsewhere part of their operations and staff, indicated the lobby. The Hong Kong authorities have been a priority for the total reopening of the border with China before relaxing the restrictions imposed on international travelers. But no progress has been recorded so far, Beijing also leading to a "zero tolerance" policy with regard to CVIV-19 and restricting passenger arrivals in its territory.

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© Copyright 2021, the Obs the Chinese capital ordered the closure of part of its cinemas this Saturday, October 30, As the country faces an epidemic rebound of COVID-19 less than 100 days from the Beijing Olympic Winter Games. The Imperial Cité, who had organized the summer games in 2008, will become the first city in February in February to also welcome winter Olympic events.

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