The Hong Kong government is reportedly pausing its plans to offer exemptions for financial executives from its strict quarantine measures, marking yet another setback for vaccinated bankers.
Plans to allow financial executives to skip Hong Kong’s quarantine measures will be delayed, according to a «Bloomberg» report citing unnamed sources, adding that there was no indication when resumption will occur.
Despite applications to take advantage of vaccination for travel this month, none have been approved yet under the program, the report added.
Bubble Quickly Popped
The postponement follows just around two weeks after the government first announced the banker bubble which would allow two quarantine exemptions per month for resident bankers and two for visiting executives that have been vaccinated.
«We are looking into the details of the applications received, and expect to take some time to process them in the light of latest local and global pandemic situations to ensure relevant control measures are sufficient to mitigate the risk of case importation,» said a spokesperson for the Financial Services and Treasury Bureau.
