JP Morgan boss skips quarantine on his way to Hong Kong | Jamie Dimon

JP Morgan billionaire CEO Jamie Dimon has been allowed to ignore strict Hong Kong hotel quarantine rules because he runs “a very big bank” with “key business in Hong Kong,” the bank said on Tuesday. Director General of the Territory, Carrie Lam.

Dimon flew to Hong Kong on Monday aboard JP Morgan’s private jet, becoming the first Wall Street bank boss to visit the territory or mainland China since the start of the pandemic.

Asked why Dimon was allowed to enter the territory without complying with the coronavirus rules, Lam said: “The rationale has to do with the economy, because it is a very large bank with key activities in Hong Kong. He was supposed to come to work in Hong Kong for about a day. But there are restrictions, including restrictions on its route, so the risk is quite manageable. “

Hong Kong is pursuing a Covid Zero strategy alongside China and has imposed some of the world’s toughest travel rules to keep the virus out. The measures include mandatory three-week hotel quarantines for any resident returning from the UK or the US, regardless of vaccination status, followed by seven days of self-monitoring. Tourists and most non-resident visitors are prohibited from boarding flights to the city.

During his visit, Dimon told Bloomberg that the strict quarantine policy “makes it harder” 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 territory due to the restrictions.

JP Morgan said Dimon would only spend 32 hours in Hong Kong, and the visit was to thank staff for their hard work during the pandemic and to hold meetings with regulators.

In August, the government also granted an exemption to Hollywood actress Nicole Kidman, who had traveled to the territory to film a television series, prompting a brief outcry from frustrated residents who were forced to pay for stays in the city. expensive hotel.

They complained on HK Quarantine Support Group Facebook that the city gives the rich and powerful better treatment than long-term residents. “The privileged can get to Hong Kong in no time without [any] consequences … the rest of us [are] forced to three weeks of solitary confinement with [poor] food and no fresh air, ”one user said.

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