Hong Kong Values China Above International Business, Lam Says


Source: bloombergquint.com bloombergquint.com

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(Bloomberg) -- Hong Kong’s ties with mainland China are more important than international business and global travel connections, according to the Asian financial hub’s leader..“Of course, international travel is important, international business is important, but by comparison the mainland is more important,” Hong Kong Chief Executive Carrie Lam told a regular press briefing Tuesday, when asked whether the city would more closely align its Covid-19 travel restrictions with those on the mainland..Foreign business chambers have warned Lam that the city’s lengthy quarantine mandates for returning travelers risk alienating international businesses and driving investment elsewhere. An American Chamber of Commerce survey...