By Gorlen Zhou, Director of Research, CI Global Holdings Asia
February 3, 2020
The 2020 Chinese New Year holiday in Hong Kong is quieter than usual. Chinese restaurants are usually fully booked during the holiday season, but most of them are half empty nowadays. Even though there are only 15 identified cases of the coronavirus in Hong Kong, locals are being extra cautious – with memories of the SARS in 2003 still fresh. Everyone is wearing mask on the street; companies advise employees to work from home; expats send their families away; and the school holidays got extended by a month. The Hong Kong government effectively closed the Hong Kong/China border, not allowing Chinese tourists to come to Hong Kong.
