Bloomberg Law
Jan. 21, 2022, 6:32 AM

Bankers Turn Down High-Paying H.K. Jobs as Covid Rules Bite (1)

Ambereen Choudhury
Ambereen Choudhury
Bloomberg News
Denise Wee
Denise Wee
Bloomberg News

Hong Kong’s status as a magnet for international financiers is cratering as firms struggle to coax traders and bankers to move to the once vibrant trading hub.

Seeking to fill jobs, headhunters are finding they can only recruit candidates who are already in Hong Kong. The crunch comes as the former British colony is dealing with a growing outflow of expatriates who are frustrated with the city’s strict zero-Covid policies. They’re abandoning a city where low taxes, ease of travel, top class schools and a vibrant night-life once proved a potent lure.

For some candidates, “no amount of money is ...

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