SFC sets rules for non-quarantine travel to mainland

Staff or directors of licensed companies whose primary purpose of travel is the management of the company’s activities on the continent are eligible.

Hong Kong’s Securities and Futures Commission (SFC) issued a circular setting out new rules for business travel without quarantine to mainland China.

In the first phase of the program, which only covers travel to Guangdong Province, eligible executives will be staff or directors of approved companies that have a regional role and whose primary purpose of travel is to manage the business of the business on the mainland.

Executives seeking to meet only clients on the mainland are not eligible.

Approved companies must pre-register the executives they intend to sponsor by completing and submitting a form to the SFC, along with supporting documents for each executive sponsored.

Each authorized company can submit a pre-registration, consisting of a maximum of two executives, during each calendar month.

Pre-registrations must be submitted to [email protected] before December 17, 2021.

Pre-registrations and subsequent changes must be submitted within the first five working days of each calendar month, starting in February 2022.

The SFC says pre-registrations do not guarantee a quarantine-free trip to the mainland, as there is still a daily quota administered by the Office of the Government Chief Information Officer (OGCIO).

The SFC circular comes as Hong Kong CEO Carrie Lam favors resuming travel with the mainland rather than opening up to the rest of the world.

Currently, inbound travelers from countries with cases of the Omicron variant of Covid-19 are now required to spend 21 days in quarantine.

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