Credit Suisse's annual invite-only investor event in Hong Kong will no longer go ahead over fears of the spreading coronavirus.
«In view of the continued health and safety risks caused by the coronavirus, we have taken the decision to cancel this year's Asian Investment Conference,» a spokesperson said in an email on Tuesday about the event to be held on March 25–27, «Bloomberg» reported.
According to the publication, this cancellation is the biggest in Hong Kong's financial industry since the outbreak of the virus.
Hong Kong schools are closed until March 3, and many banks have in place travel and work restrictions as locally transmitted coronavirus cases rise – there are 18 cases currently, with four locally transmitted.
Death Toll Mounts
The death toll in China from the monthlong outbreak of the virus climbed by 65 on Tuesday, reaching 490, according to figures released by China’s Health Commission on Wednesday. Another 3,887 more people were confirmed to be infected, bring the total to 24,324.
Hong Kong reported that a 39-year-old man died due to the virus on Tuesday, only the second outside China. The first was in the Philippines – a man from Wuhan, the epicenter of the outbreak.
