Despite ongoing concerns, Hong Kong’s planned financial summit in November has confirmed the attendance of a second global banking CEO.
Standard Chartered chief executive Bill Winters will attend Hong Kong’s banking summit in November even if quarantine rules are still in place.
«It has been and will continue to be an outstanding financial center, with its proximity to China,» Winters said in a «Bloomberg» interview during the media firm's forum yesterday, adding that Hong Kong is now «open».
British Banking
This is much-needed good news as the two-day conference hosted by the Hong Kong Monetary Authority has now officially confirmed its second global banking chief besides HSBC CEO Noel Quinn.
But elsewhere, optimism is less prevalent as other banking CEOs reportedly will attend the event only if quarantine-free entry into Hong Kong is allowed. The chiefs of Morgan Stanley, Goldman Sachs, and UBS were also among those informally invited to the summit.
Uncertainty looms for Hong Kong’s travel curbs as the city is reportedly seeking to loosen rules in time for the summit. Recently, health chief Lo Chung-mau slammed reports claiming an internal divide in the government with chief executive John Lee believed to be in favor of scrapping quarantines in November.
