Popular
This Tool Could Change Your Options Trading Forever
Four Symbols, One Big Message: What the Charts...
30 Dow Stocks in 20 Minutes: Joe Rabil’s...
Simpler Charts, Better Results? Use This Trick to...
Barrick Mulls Canadian Exit as Mali Gold Tensions...
Apple, MP Materials Ink US$500 Million Deal to...
Silver Price Update: Q2 2025 in Review
Juggernaut Closes $1,000,000 $0.64 Unit Private Placement Financing
Finlay Minerals Announces Increased Budget for PIL and...
Tech Takes the Spotlight Again—Are You Watching These...
  • Home
HotInvestingPilots.com
  • Politics
  • World News
  • Stock
  • Investing
World News

Hong Kong leader says city’s brain drain ‘unarguable’

by March 30, 2022
written by March 30, 2022

HONG KONG — Hong Kong leader Carrie Lam said it was “unarguable” that the global financial hub was seeing a brain drain due to stringent coronavirus rules, but said she valued the city’s international status and envisioned a “better development” after the pandemic.

Ms. Lam’s comments come amid a backlash from businesses and residents who see the rest of the world shifting to living with the virus while Hong Kong officially sticks to a “dynamic zero” COVID-19 strategy which seeks to curb all outbreaks as soon as they occur.

Ms. Lam said no one valued the international status of Hong Kong more than herself, but the government had to adopt anti-pandemic measures to protect residents.

“These measures have certain influence on corporates and individuals, although we don’t have a figure…it’s an unarguable fact that we have a brain drain and some senior management of some corporates have left Hong Kong,” she told a daily news briefing on Wednesday.

“The most important thing is Hong Kong keeps its advantages. I believe after the pandemic, Hong Kong can have a better development.”

Ms. Lam said “streamlining” certain measures, including lifting a ban on flights from nine countries and reducing quarantine for arrivals from abroad, would help ease concerns about the city’s international status.

At the start of this year, Hong Kong implemented its most draconian measures since the pandemic began over two years ago, frustrating many residents who have been largely compliant with various COVID regulations in the hope of resuming travel internationally and with the mainland.

Hong Kong’s border has effectively been shut since 2020 with few flights able to land and hardly any passengers allowed to transit, isolating a city that had built a reputation as a global financial and travel hub.

Ms. Lam’s comments come just weeks before the city is due to hold an election on May 8 to choose who will lead the territory for the next five years.

She declined to comment on whether she will run for a new term.

The rules, together with mixed messaging from the government including whether a citywide lockdown and mass testing would take place, have triggered an exodus of residents in the past two months.

The former British colony has reported more than 1.1 million coronavirus infections and more than 7,500 deaths, most of them occurring in the past five weeks. — Reuters

0 comment
0
FacebookTwitterPinterestEmail

previous post
US authorizes second COVID booster for Americans 50 and older
next post
RINO Susan Collins Flips — Will Vote for Radical Judge Ketanji Jackson Despite Her Leniency of Child Porn Traffickers

Related Articles

At least four killed and many ‘kidnapped’ in...

July 10, 2025

Universities threatened with funding cuts under proposed plan...

July 10, 2025

A piece of the illegally felled Sycamore Gap...

July 10, 2025

EU’s von der Leyen survives parliament confidence vote...

July 10, 2025

Critics slam Mexico’s gentrification protests as xenophobic. Activists...

July 10, 2025

A torpedoed US Navy ship escaped the Pacific...

July 9, 2025

Germany accuses China of laser targeting aircraft in...

July 9, 2025

More than 200 children found with high lead...

July 9, 2025

Russia launches record drone attack on Ukraine after...

July 9, 2025

Desperate Gaza doctors cram several babies into one...

July 9, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • This Tool Could Change Your Options Trading Forever

    July 17, 2025
  • Four Symbols, One Big Message: What the Charts are Telling Us

    July 17, 2025
  • 30 Dow Stocks in 20 Minutes: Joe Rabil’s Mid-Year Technical Check

    July 17, 2025
  • Simpler Charts, Better Results? Use This Trick to Trade Smarter With Less

    July 17, 2025
  • Barrick Mulls Canadian Exit as Mali Gold Tensions Escalate

    July 17, 2025
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 hotinvestingpilots.com | All Rights Reserved

HotInvestingPilots.com
  • Politics
  • World News
  • Stock
  • Investing