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☆ Hong Kong will scrap COVID hotel quarantine from Sept. 26
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +4 min

Travellers queue up for shuttle bus to quarantine hotels at the Hong Kong International Airport, amid the coronavirus disease (COVID-19) pandemic, in Hong Kong, China, August 1, 2022. REUTERS/Tyrone SiuHONG KONG, Sept 23 (Reuters) - Hong Kong will scrap its controversial COVID-19 hotel quarantine policy for all arrivals from Sept. 26, more than 2.5 years after it was first implemented, in a long-awaited move for many residents and businesses in the financial hub. The former British colony is a global outlier outside mainland China in imposing hotel quarantine for international arrivals, in line with the country's "dynamic zero" COVID strategy. Both events have been widely seen as a bid to show that Hong Kong can resume business as usual. Hong Kong has reported more than 1.7 million COVID infections and 9,934 deaths since the pandemic began.

☆ Rising rates, price slump deal double blow to Hong Kong homeowners
▼ + stars: | 2022-09-22 | by ( Clare Jim | ) www.reuters.com time to read: +4 min

An aerial view shows Choi Hung public housing estate and other residential buildings with the Lion Rock peak in the background, in Hong Kong, China June 3, 2021. Home prices in Hong Kong, the world's most unaffordable market by income ratio to house values, are expected to drop around 10% this year, the first fall since 2008. Interest rates in Hong Kong tend to move in lockstep with U.S. rates, as its currency is pegged to the greenback, putting upward pressure on interbank and mortgage rates. Many sellers are those leaving Hong Kong for good or residents forced to cash in to help struggling businesses. ($1 = 7.8488 Hong Kong dollars)Register now for FREE unlimited access to Reuters.com RegisterReporting by Clare Jim; Editing by Anne Marie Roantree and Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

☆ Hong Kong leader to make announcement soon on COVID quarantine policy
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +1 min

Travellers queue up for shuttle bus to quarantine hotels at the Hong Kong International Airport, amid the coronavirus disease (COVID-19) pandemic, in Hong Kong, China, August 1, 2022. Lee said he was conscious that Hong Kong needed to retain its competitiveness, adding that authorities wanted to bring back events and activities to the city. We would like to have an orderly opening up...because we don't want to have chaos or confusion in the process," he told reporters. Hong Kong, taking its cues from China which is pursuing a zero-COVID policy, is one of the few places in the world to still require travellers from abroad to quarantine upon arrival though the length of quarantine has eased over time. Business groups, diplomats and many residents have slammed the city's COVID-19 rules, saying they threaten Hong Kong's standing as a global financial centre.

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