Here is the latest update from Asia Representatives Wendy Weng
& Dorothy Kwok
The outbreak of the coronavirus has unsurprisingly caused
disruption to business in Hong Kong and China. Cities and provinces
are blocked and most people are working from home at the moment. A
range of business events have either been cancelled or delayed.
Hong Kong banks are closing up to 30% of branches and schools will
remain closed until 2 March as the regions do their best to
minimise the threat of the virus spreading in the wider
community.
Before all that, Wendy had business trip to Wuhan and Beijing to
follow up with potential clients for a captive structure, and is
preparing for an in-house presentation in March for a fund and
lawyer exchange programme. There is positive news that a potential
captive insurance client signed a Memorandum of Understanding with
a reinsurance company in January.
