mars 31, 2023


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JPMorgan chief skips quarantine while traveling to Hong Kong | Jimmy Damon

Billionaire JPMorgan CEO Jamie Dimon has been allowed to skip the strict 21-day Hong Kong hotel Quarantine rules The territory’s chief executive, Carrie Lam, said on Tuesday, because it runs a « very large bank » with « major businesses in Hong Kong ».

Damon flew to Hong Kong On Monday, aboard a JPMorgan private jet, he became the first Wall Street bank president to visit the territory or mainland China since the pandemic began.

Asked why Dimon was allowed to enter the area without complying with coronavirus rules, Lam said: « The justification is about the economy, because this is a very big bank with major business in Hong Kong. He needed to come and work for about a day in Hong Kong. But there are restrictions. , including restrictions on his itinerary, so the risk is completely manageable.”

Hong Kong is taking a Covid Zero strategy together with China, and has imposed some The strictest travel rules in the world to banish the virus. Measures include a mandatory three-week hotel quarantine for any resident returning from the UK or US, regardless of vaccination status, followed by seven days of self-monitoring. Tourists and most non-resident visitors are prohibited from boarding the city.

During his visit, Damon told Bloomberg that the strict quarantine policy « makes it difficult » to attract and retain talent in the territory. The local US Chamber of Commerce said in May that 40% of its members were considering leaving the region due to the restrictions.

JPMorgan said Damon will only spend 32 hours in Hong Kong, and the visit was to thank staff for their hard work during the pandemic and hold meetings with regulators.

In August, the government also awarded Hollywood actor Nicole Kidman excused, who traveled to the area to film a TV series, sparking a brief anger from frustrated residents who were forced to pay for expensive hotel accommodations.

They complained on Facebook at the HK Quarantine Support Group that the city is allowing the rich and powerful to be treated better than long-term residents. « Excellent people can travel to Hong Kong in a breeze without [any] The consequences…the rest of us [are] Forced to three weeks of solitary confinement with [poor] One user said.

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