Hong Kong’s banking talent shortage worsened by zero-Covid rules must be urgently addressed, industry association says


Source: scmp.com scmp.com

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Hong Kong’s banks face a severe talent shortage and staffing problem, as stringent quarantine and travel rules in a relentless pursuit of the city’s zero-Covid policy has deterred visitors and cut off the supply of skilled labour for replenishing the local workforce. The shortage has worsened over the course of the last year, as the government’s zero-Covid rules – from 21-day quarantines to school breaks and lockdowns – have begun to grind on many expatriate staff after two years, according to the Hong Kong Association of Banks (HKAB), which represents all of the city’s 163 licensed banks. “Hong Kong has...