COVID-19: Quarantine exemption announced

IMPACT – HIGH

Officials have announced an exception to quarantine requirements for some company directors and executives.

Key Points:

• The new scheme covers companies that are listed on the Stock Exchange of Hong Kong (SEHK) and included in the Hang Seng Index, Hang Seng China Enterprises Index, or Hang Seng Composite LargeCap, MidCap or SmallCap Index, representing around 95% of the total market capitalization in Hong Kong. Directors or executives of these listed companies who (1) travel from the Mainland to Hong Kong for essential business activities or (2) return from the Mainland to Hong Kong after completing essential business activities, and satisfy certain eligibility criteria may apply for exemption.
• The exemption is quota-based and applications will be considered on a task-specific basis. During any calendar month, each of the eligible listed companies can nominate a maximum of two people (directors or executives) for the exemption.
• Those who are exempted should note that travelers to the Mainland are still subject to the 14-day compulsory quarantine requirement imposed by the Mainland authorities.

Background: For more information, please click here.

Analysis & Comments: The response to the COVID-19 pandemic continues to develop, and Deloitte will provide additional updates as information becomes available.

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