Caixin
Aug 17, 2022 03:27 AM
FINANCE

Hong Kong Loses Investment Fund Jobs Under Covid Controls

The Hong Kong Monetary Authority plans to host a high-level financial summit Nov. 1–2.
The Hong Kong Monetary Authority plans to host a high-level financial summit Nov. 1–2.

Strict quarantine requirements and other Covid-19 control measures have prompted more than a third of money managers in Hong Kong to move some jobs in the Asia financial hub elsewhere, a survey showed.

The survey of 36 member companies in the Hong Kong Investment Funds Association (HKIFA) was conducted in July before the government eased pandemic controls by shortening the hotel quarantine period for all arrivals to three days from seven. The association counts global giants such as Fidelity, Schroder, State Street and BlackRock Inc. as members.

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