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Wall Street chiefs stage return to Hong Kong after city scraps quarantine

Most executives have not visited for years because of harsh Covid policies

Goldman Sachs chief executive David Solomon, Morgan Stanley’s James Gorman and Citigroup’s Jane Fraser will attend a financial forum in Hong Kong designed to restore the city’s reputation as Asia’s top financial hub after years of restrictive coronavirus pandemic policies.

The confirmation of the global bank executives’ attendance comes less than a week after Hong Kong scrapped mandatory hotel quarantine for international visitors. Many executives attending the forum will be visiting Hong Kong for the first time since the outbreak of Covid-19 in 2020.

The city’s government hopes that the conference, which coincides with the return of the rugby Sevens tournament next month, will lay the foundation for Hong Kong’s economic revival in wake of the pandemic and a crackdown on pro-democracy protests in 2019.

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