Global executives want to see a further easing of Hong Kong's COVID-19 restrictions and it's crucial for the China border to reopen so the financial hub can reconnect with the mainland, the head of the city's de facto central bank told Reuters.
Speaking on the city's currency peg to the U.S. dollar, Eddie Yue, chief executive of the Hong Kong Monetary Authority , said that while there was no intention to change the peg, there were always contingency plans.
Anti-government protests in 2019 and a national security law imposed by Beijing in 2020 have also clouded Hong Kong's image. The Hong Kong government has said it's working towards lifting COVID-19 rules. The requirement for hotel quarantine on arrival has ended, but international visitors are banned from bars and restaurants for their first three days, among other measures.
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