Hong Kong move to reopen China border boosts retail stocks

Throughout the pandemic, Hong Kong has kept Covid-19 cases and deaths low

Hong Kong will start allowing visitors from China to skip the strict quarantine process required for most arrivals, a key first step toward reopening the border with the mainland and reviving a flow of visitors that’s long been crucial to the local economy.
 

The city will start a “Come2hk” travel program on Sept. 15 that will allow up to 2,000 non-Hong Kong residents per day from the mainland and Macau to visit the city, Hong Kong Chief Executive Carrie Lam said at a regular press briefing on Tuesday morning. 

The program would mark a significant opening of Hong Kong’s pandemic era