REUTERS/Tyrone
Reuters
the American Chamber of Commerce
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Wellesley."We
too."Some
Gaw Capital Partners
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Securities and Futures Commission
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Tania Sibree
Tara Joseph
John Mullally
Robert Walters."The
Christian Brun
Kenneth Gaw
Chinese
Asian
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KONG
Australia
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REUTERS/Tyrone SiuHONG KONG, Jan 24 (Reuters) - Late last year, Tania Sibree quit her well-paid job as a financial services lawyer in Hong Kong and returned to Australia rather than live a moment longer with the city's strict coronavirus restrictions.Sibree, who said she had enjoyed the previous five years in Hong Kong, is one of hundreds – possibly thousands – of foreign expatriate professionals who have left or are planning to leave, threatening to dent the city's standing as one of the world's financial hubs."The hotel quarantine made it just so tough for people to travel and that was the big incentive to being in Hong Kong, it was close to home and my parents. It will continue to boom, but it will be more with Chinese characteristics," Kenneth Gaw, president of Gaw Capital Partners, said at a conference earlier this month.The Hong Kong Monetary Authority, the city's de facto central bank, said it was aware of pandemic-related challenges facing financial institutions, but said they should be "transitory" and that the fundamentals underpinning Hong Kong's status as a global financial hub would remain strong.Hong Kong's Securities and Futures Commission said the number of licensed firms and individuals operating in the city had continued to grow through the end of last year, which it said underscored its attractiveness.Nevertheless, many expats are not waiting to see how things unfold.One financial analyst at a global research group who has called Hong Kong home for more than five years told Reuters he has been waiting for the city's international borders to open so he can see his family and friends.But with no sign of a change, he said he has decided to move back to the United States in the second quarter."Basically, we need to see our families and there is no end in sight to travel restrictions, no roadmap or plan," he said.
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