Fed Up With COVID-19 Lockdown, Bankers, Fund Managers Looking to Leave Shanghai

Fed Up With COVID-19 Lockdown, Bankers, Fund Managers Looking to Leave Shanghai
Workers in protective suits keep watch on a street during a lockdown amid the COVID-19 pandemic, in Shanghai, on April 16, 2022. Aly Song/Reuters
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HONG KONG—Finance sector professionals in Shanghai are preparing to move back to Hong Kong and other offshore centers after spending only a few years in the Chinese city as a harsh COVID-19 lockdown has hurt their business prospects and upended daily lives.

Thousands of bankers, traders, and investors in the financial hub of the world’s second-largest economy have found themselves confined to their homes, with some even struggling to secure food and other essentials for their families.