HONG KONG — Late last year, Tania Sibree quit her well-paid job as a financial services lawyer in Hong Kong and returned to Australia rather than live a moment longer with the city’s strict coronavirus restrictions.
It has had stiff quarantines in place for two years, and last year introduced some of the strictest entry rules in the world, allowing only residents to return to the city and mandatory hotel quarantine of up to three weeks for arrivals from most countries, regardless of vaccination status, paid for by the travelers themselves.
“For the fastest growing sector of wealth and asset management there is a lack of trained supply of talent. If draconian travel restrictions continue for an undefined and lengthy period, the talent issue will become all the more serious,” said Tara Joseph, president of the chamber. “Many in the industry also expect that eventually many jobs in the sector will be taken up by mainland Chinese talent, leading to a big talent shift.
“The proposition of bringing people into Hong Kong is not happening,” said John Mullally, regional director, southern China and Hong Kong financial services at headhunter Robert Walters.
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