SINGAPORE: The boss of Asia-focused lending giant HSBC backed Hong Kong's decision to mirror China's zero-Covid strategy on Thursday despite rising concern within the finance industry over the business hub's international isolation.
The government has tied the city's fortunes to China's strict coronavirus strategy and said normalisation of travel with the mainland must come before any reopening to the rest of the world.Hong Kong AmCham president resigns over city's quarantine rules Quinn's comments contrast with growing alarm voiced by international businesses in Hong Kong over how they are struggling to retain and recruit talent as rival finance centres reopen.
Earlier in the week Jamie Dimon, Quinn's counterpart at JP Morgan Chase, warned his bank was struggling to recruit and keep employees during a whistlestop visit to the city where he was granted rare permission to skip mandatory quarantine. China and Hong Kong are crucial markets for London-based HSBC which makes the vast majority of its profits in Asia.
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