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HONG KONG—Hong Kong’s chief executive announced incentives to lure talent and companies to the city, seeking to reverse an outflow driven by years of stringent pandemic controls and political upheaval that have hurt its reputation as a global business capital. John Lee , who took the city’s top office in July, unveiled plans to give two-year visas to high earners and graduates from the world’s top 100 universities, property-tax breaks to foreign buyers who go on to become permanent residents and benefits to companies. Companies will also be able to hire mainland professionals more easily under the plans.
HONG KONG—Hong Kong’s chief executive announced incentives to lure talent and companies to the city, seeking to reverse an outflow driven by years of stringent pandemic controls and political upheaval that have hurt its reputation as a global business capital. John Lee , who took the city’s top office in July, unveiled plans to give two-year visas to high earners and graduates from the world’s top 100 universities, tax breaks to some foreign property buyers who go on to become permanent residents and benefits to companies. Companies will also be able to hire mainland professionals more easily under the plans.
HONG KONG—Cardinal Joseph Zen, a 90-year-old retired bishop and outspoken democracy advocate, appeared in court to face trial over his involvement in providing aid to protesters who swarmed the city in 2019 and triggered a broad political crackdown. The cardinal, alongside other campaigners including local pop singer Denise Ho and prominent barrister Margaret Ng, were among six people charged with allegedly failing to register a fund that offered legal and financial aid to arrested pro-democracy protesters.
Hong Kong Ends Hotel Quarantine Requirement for Travelers
  + stars: | 2022-09-23 | by ( Elaine Yu | ) www.wsj.com   time to read: 1 min
Hong Kong is ending its controversial hotel quarantine policy for travelers, as pressure builds on the city to ease Covid-19 restrictions to shore up its economy and defend its longtime position as a global business capital. John Lee, Hong Kong’s chief executive, said arrivals starting Sept. 26 will no longer need to isolate in a hotel, dropping a previous requirement for a three-day quarantine. Travelers’ ability to move around the city will be restricted during a self-monitoring period of three days, down from four currently. A requirement for a preflight PCR test will be dropped in favor of a preflight rapid test.
Tourists waited to board a vehicle outside a Macau casino resort three years ago. Visitors from mainland China to Macau in the first half of this year fell 78% from the same period in 2019. Prices of dollar bonds from Wynn Macau have tumbled to as low as 68 cents on the dollar, levels more commonly associated with distressed debt. A bond from MGM China Holdings that matures in 2027 was at about 76.6 cents on the dollar Wednesday, according to FactSet. Casino bonds that mature in 2024 are yielding more than 15%.
TAIPEI—A powerful earthquake struck southeastern Taiwan and reverberated across the island on Sunday, causing building damage, derailing a train and triggering concerns of a tsunami. At least one death and a few dozen injuries have been reported. The magnitude 6.8 quake hit at 2:44 p.m. local time, according to Taiwan’s Central Weather Bureau, which identified the epicenter as being in the relatively sparse southeastern coast of Taiwan, around the county of Taitung. The earthquake followed several others that began the previous day, including a magnitude 6.4 tremor the previous night.
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