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Banks and tech firms restricting travel to China
- Wednesday | 29th January, 2020
Europe’s biggest bank, HSBC, banned all staff travel to Chinese-ruled Hong Kong for two weeks and to mainland China until further notice, according to an internal memo seen by Reuters. The US social media company asked employees to halt non-essential travel to mainland China and told employees who had travelled there to work from home, a spokesman said on Tuesday. South Korean chipmaker SK Hynix Inc said it was urging employees to avoid all non-essential travel to China, while banking group Standard Chartered restricted travel to both mainland China and Hong Kong. As companies reassessed the risk of travel to China, some airlines said demand for flights was falling and they were adjusting schedules. International SOS, a medical and travel security services firm that advises companies on travel, said its guidance for now was that business travel to China outside Hubei could continue.
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