Hong Kong seeks to revive global banking status with major summit

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HONG KONG : Hong Kong's central bank plans to hold a major conference in November it hopes will draw global banking bosses, sources said, as the financial hub seeks to welcome back international business following two gruelling years of closed borders.For most chief executives of the world's major banks,

HONG KONG : Hong Kong's central bank plans to hold a major conference in November it hopes will draw global banking bosses, sources said, as the financial hub seeks to welcome back international business following two gruelling years of closed borders.

Visitors to Hong Kong have to quarantine for seven days in hotels and face mandatory testing before and after arriving, as the city sticks to its near-zero COVID-19 strategy to curb all outbreaks as soon as they occur. The Rugby 7s are due to run Nov. 4 to 6, having been postponed a number of times since the start of the pandemic.

While exemptions allow top financial executives visiting Hong Kong to leave their hotels for meetings, very few have taken advantage of the programme because itineraries have to be lodged with regulators, the sources said.

 

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