MNI BRIEF: HK To Continue Lifting Covid Restrictions - CEO Lee

Hong Kong will continue lifting Covid restrictions and increase efforts to attract top talent to cement its role as a regional hub, Hong Kong SAR Chief Executive John Lee said on Wednesday.

“We will retain our place as a major international finance hub and our links to both the mainland and international economies offer us unique advantages,” Lee said in a speech to the Global Investment Summit in Hong Kong.

He said HK’s worst moments were past and that the economy had always proved resilient. He labelled the summit as the SAR’s “back to business” conference.

Citing the recent move to establish a HKD30 billion fund to attract foreign investment, Lee said he was determined to attract top talent and companies from around the world to Hong Kong.

“We are ready to entertain the world once again”, Lee commented.

Eddie Yue, head of the Hong Kong Monetary Authority also spoke. He listed stagflation, geo-political risks and Covid disruptions as causes of global uncertainty.

“How we handle this uncertainty will determine our success," Yue said.