Asia’s largest financial lobby group is mounting pressure on Hong Kong’s government to rethink its zero-COVID policy and ease travel restrictions for international travelers, warning that the city’s status as a financial hub is at risk.
The Asia Securities Industry and Financial Markets Association (ASIFMA) wrote an open letter (pdf) to Hong Kong’s Financial Secretary Paul Chan, saying that a survey of members, including Goldman Sachs and BlackRock, showed 48 percent were considering relocating staff or functions out of the city due to operational challenges.
