HK Residents Rush to Get Vaccinated Ahead of Border Open

Hong Kong has reopened its borders after nearly three years, leading to a surge in demand for foreign brand mRNA vaccines, which were previously unavailable in mainland China. Non-residents can also access these vaccines, either through government channels or private routes. This reopening is expected to boost various sectors like hotels and retail, although initial economic growth may be slow due to previous business shifts to Singapore and local staff shortages. The strict COVID measures have already cost Hong Kong significant economic growth, and the reopening may not immediately resolve these issues.

What was a major reason for the increased demand for foreign brand mRNA vaccines in Hong Kong?

• They were recommended by the Hong Kong government.

• They were cheaper than local vaccines.

• They were unavailable in mainland China.

• They were more effective against COVID-19.

Who is eligible for the Pfizer-BioNTech vaccine in Hong Kong?

• Only Hong Kong residents

• Tourists visiting for less than a week

• Non-residents meeting certain requirements

• Only mainland Chinese citizens

What is the cost of getting vaccinated in Hong Kong through the private route?

• 299 renminbi

• 150 renminbi

• 100 renminbi

• 500 renminbi

What challenge do local hotels in Hong Kong face post-reopening?

• Staff shortages

• Lack of tourists

• High operational costs

• Increased competition from new hotels

How much potential growth did Hong Kong lose due to strict COVID measures, according to Natixis?

• $5 billion

• $50 billion

• $27 billion

• $10 billion