HK authorities call for special work arrangements at financial organizations as coronavirus spreads

Maria Nikolova

The stocks, futures and derivatives markets of Hong Kong are set to trade as normal tomorrow (January 29) after the Chinese New Year holiday.

Hong Kong authorities today issued a brief notice on the market situation. The stocks, futures and derivatives markets of Hong Kong are set to trade as normal tomorrow (January 29) after the Chinese New Year holiday.

Given the latest situation of the novel coronavirus infection in Hong Kong, the Financial Secretary met with financial regulators and Hong Kong Exchanges and Clearing Limited this morning. The Financial Secretary was briefed on the contingency arrangements, preparedness and coordination of the relevant institutions for market open tomorrow.

The Financial Secretary urges financial organisations to implement special work arrangements for their employees as far as practicable, so as to work together to reduce the risk of the spread of the novel coronavirus in the community.

Hong Kong’s Chief Executive, Mrs Carrie Lam, activated the Emergency Response Level on January 25 and announced a series of measures, including indefinitely suspending flight and high-speed train services to and from Wuhan of the Hubei Province. The Government further announced on January 26 the restriction of Hubei Province residents and persons who have visited Hubei Province in the past 14 days from entering Hong Kong. In parallel, the Government is exploring measures to further reduce people flow between Hong Kong and the Mainland to minimize the chances of infected persons entering Hong Kong.

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