CY, foreigners worry about cross-border business ties

Hong Kong’s former Chief Executive, Leung Chun-ying (CY), has spoken of his concerns that Hong Kong businesses could suffer lasting damage from not being able to travel into the mainland, as they are increasingly replaced in vital supply chains and partnerships. Travel restrictions have made it difficult for many business executives based in Hong Kong to see their suppliers, customers and partners on the mainland for more than a year as the Covid-19 pandemic has resulted in closed borders and strict quarantine rules.

At least Hong Kong residents of Chinese origin holding home-return permits have been able to travel into the mainland. Many other nationals based in the city have not even been allowed in. This is resulting in many of them questioning whether permanent damage has been done to the international business environment in China, according to an analysis by the SCMP.

Read more about CY’s views here and foreign business concerns here.

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