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FS visits biomedical firm in UK

Financial Secretary Paul Chan yesterday visited a biopharmaceutical company and the Royal College of Art, and attended a lunch hosted by the China-Britain Business Council, as part of his ongoing trip to London.   Mr Chan visited AstraZeneca and met the company’s senior management to learn about its drug research and development activities, as well as its latest expansion plans.   AstraZeneca indicated that following in-depth talks with Hong Kong’s Office for Attracting Strategic Enterprises, it plans to develop a research and development centre in Hong Kong and will engage in further discussion with relevant government departments on the matter.   The Financial Secretary then attended a roundtable luncheon held by the China-Britain Business Council, and met representatives of British enterprises that do business, or plan to do business, either in the Mainland or Hong Kong.   Mr Chan later visited the Royal College of Art, which collaborated with the Hong Kong Polytechnic Unive
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Travel bubble talks halted

Hong Kong and Singapore have decided not to pursue further discussions on the bilateral Air Travel Bubble after taking into account the differences in the anti-epidemic strategies currently adopted by both sides.   The two governments announced the decision today, saying that they will continue to facilitate movements of travellers between both places under their respective border control measures.   The Hong Kong Special Administrative Region Government noted that the discussions on the travel bubble, which began in the second half of 2020, had gone through a long period of evolvement of the COVID-19 epidemic situation.   The discussions were all along premised upon similar anti-epidemic strategies adopted by the two places, aiming to reduce local caseloads to a minimum.   However, Singapore has now moved towards a new strategy of building a "COVID-resilient" nation and therefore the basic premises that underpin the travel bubble have changed.   For example, the seven-day moving average of unlinked local cases, which is the criterion for suspending and resuming the travel bubble as per the agreed framework, may not be kept consistently at the required level in Singapore as a result of its new strategy.   The Hong Kong SAR Government stressed that Hong Kong and Singapore remained committed to facilitating connectivity between both places and would continue to maintain dialogue as well as share experiences.   It also welcomed Singapore's announcement to unilaterally allow entry of travellers from Hong Kong into Singapore quarantine-free from August 20, adding that it is a step forward in resuming cross-border travel between the two regional aviation hubs and international cities.   For travellers coming to Hong Kong from Singapore, including both Hong Kong residents and non-Hong Kong residents, they may refer to the arrangements for inbound travellers from Group B specified places.
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