Hong Kong chief Carrie Lam made a public admission that the tolerance was fading at some financial firms in the city and signalled potential loosening of Covid restrictions.
Hong Kong chief executive Carrie Lam underlined growing pressure to the city’s reputation as a financial hub during a media briefing yesterday.
«I have a very strong feeling that people’s tolerance is fading,» Lam said. «I have a very good feeling that some of our financial institutions are losing patience about this isolated status of Hong Kong. Nobody attaches as much importance as myself to Hong Kong’s international status.»
Lam signalled potential loosening of Covid restrictions, such as a shortened quarantine period for new arrivals, and said the government would review other measures including compulsory testing of the full city, a related lockdown, flight bans and resumption of physical attendance to school.
Lam said she would conduct the review in the coming days and unveil the changes.
Beijing Review
Meanwhile, Beijing is also signalling more focus on reducing the economic impact of its Covid measures.
«[China will] strive to achieve the maximum prevention and control effect at the least cost and minimize the impact of the epidemic on economic and social development,» said Chinese President Xi Jinping in a meeting late Thursday with the Politburo standing committee, China's top decision-making body.
