ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business trends

Hong Kong financial talent flees to Singapore under 'zero COVID' policy

Strict travel restrictions prompt exodus of personnel and business

Hong Kong's travel restrictions are among the strictest in the world.   © Reuters

HONG KONG -- The strict zero COVID policy adopted by Hong Kong has forced international corporations to recruit from a shrinking talent pool, leaving businesses to consider shifting operations to Singapore.

"Hong Kong is in a dilemma," said Ronnie Chan, chairman of major property developer Hang Lung Group. "I understand ... why Hong Kong's government has adopted the zero COVID strategy, since Hong Kong has a deep connection with mainland."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more