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JPMorgan grants Hong Kong staff up to $5,000 for hotel quarantine

HONG KONG, Nov 22 (Reuters) – JPMorgan Chase & Co (JPM.N) is providing to pay a few of its Hong Kong-based staff up to $5,000 every for their hotel quarantine keep for private journeys, a memo from the Wall Street financial institution to workers seen by Reuters confirmed.

The transfer, doubtless the primary such introduced by a monetary establishment within the metropolis, comes because the Asian monetary hub’s COVID-19 measures, among the strictest on the earth, are mentioned to damage companies.

It comes after Jamie Dimon, the financial institution’s chief government, visited Hong Kong final week for 32 hours after he was given a authorities exemption from quarantine.

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The memo mentioned staff on the government director stage and under can be entitled to the one-off fee for a single quarantine keep in Hong Kong.

The program will run from December 1 to November 2022 and is for staff getting back from visiting rapid members of the family abroad, the memo mentioned.

“We recognize that the costly quarantine measures in place in Hong Kong associated with COVID-19 have impacted many of you with respect to visiting family and loved ones overseas,” the memo mentioned.

A JPMorgan spokesperson confirmed the contents of the memo, which was first reported by the South China Morning Post on Monday.

Hong Kong’s present guidelines stipulate returning residents and guests from most nations should spend two to three weeks in hotel quarantine paid for by themselves.

The Chinese-ruled metropolis has registered barely any new infections in current months however the authorities is holding strict guidelines in place and closed borders.

Hong Kong has recorded 12,402 circumstances in the course of the pandemic whereas the double dosed vaccination price stands at 66.8% , in accordance to a authorities web site.

Tight guidelines have been hitting Hong Kong’s largest companies, and monetary foyer teams have urged the federal government to contemplate enjoyable among the quarantine measures.

Cathay Pacific had 111 staff launched from obligatory quarantine on the weekend after they have been deemed shut contacts of three pilots who have been contaminated with COVID-19 throughout a layover in Germany.

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Reporting by Scott Murdoch in Hong Kong; Editing by Muralikumar Anantharaman

A sign outside JP Morgan Chase & Co. offices is seen in New York City, U.S., March 29, 2021.  REUTERS/Brendan McDermid/File Photo

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