London Daily

Focus on the big picture.
Tuesday, Oct 27, 2026

HSBC, Standard Chartered reinstate work-from-home measures as ‘third wave’ of coronavirus hits Hong Kong

HSBC, Standard Chartered reinstate work-from-home measures as ‘third wave’ of coronavirus hits Hong Kong

Hong Kong’s banks were some of the first globally to return to work during coronavirus pandemic. Banks from BNP Paribas to HSBC are ‘strongly’ encouraging employees to work from home if possible

After serving as a test run globally for how to return to the office safely, banks in Hong Kong reinstated work-from-home arrangements for many of their staff this week as a “third wave” of coronavirus cases hit the city.

HSBC, the biggest of three banks authorised to issue currency in the city, “strongly encouraged” its staff to work remotely beginning on Wednesday until further notice, particularly those with pre-existing medical conditions.

“To support flexible working, employees who must work from HSBC premises should discuss working arrangements, including staggered arrival and lunch times, with their line manager,” HSBC said in a memo late on Tuesday.

A HSBC spokeswoman confirmed the contents of the memo on Wednesday.

Banks in Hong Kong were some of the first globally to return to the office en masse beginning in May as the coronavirus pandemic forced financial centres from New York to London to Singapore to close offices as part of the world’s biggest work-from-home experiment.

The coronavirus, which causes the disease Covid-19, has infected more than 13.3 million people worldwide.

The International Commerce Centre (ICC) in West Kowloon and other office towers in the city reprogrammed lifts to carry fewer passengers. Banks installed privacy screens on trading desks and at bank teller locations to prevent the spread of droplets between colleagues and customers. Conferences in the city, as well as business meetings, went virtual.

But, the city ordered some of its strictest social-distancing measures so far this week after a surge in new locally transmitted cases, including a requirement that passengers wear masks on public transit. Bars, karaoke rooms and gyms were among a dozen businesses ordered closed beginning Wednesday and restaurants can only provide takeaway after 6pm.

BNP Paribas said in an internal memo this week it would begin splitting teams and suspended travel by employees between different floors in its buildings and visits by staff between its offices in the city. The bank asked employees to limit any meetings to no more than eight people, per city guidelines, and to “consider the necessity of planning further in-person meetings – both internal and external”.

A BNP Paribas spokeswoman declined to comment on Wednesday.

As a result of the surge in cases, Citigroup is pausing its plans to bring more people back to the office in Hong Kong, with 70 per cent of its staff in the city now working from home. About 50 per cent of its staff worked from home before the pause.

Deutsche Bank asked “non-critical staff” to work from home when possible, whilst Nomura encouraged the bulk of its staff to return to working from home as much as possible. Nomura had returned fully to the office last week.

Standard Chartered encouraged its employees to work from home where possible and put a “hard-split team” arrangement into effect for employees who had to work in the office to reduce the risk of infection, a spokeswoman said.

Branch staff will work from home one day each week to reduce physical contact and branches will close temporarily for deep cleaning and disinfection if there is a confirmed case nearby, she said. Customers are required to wear masks and undergo temperature checks when visiting its branches in the city.

Newsletter

Related Articles

0:00
0:00
Close
Education or Indoctrination? The Growing Debate Over Religious Participation in British Schools
Germany's Vanishing Shopfronts: The Silent Collapse of the Businesses That Built Its Cities
Transport for London Unveils Expanded Zero-Emission Bus Fleet to Meet Capital Air Quality Targets
Higher Education Institutions Face Deepening Financial Strain Amid Declining International Student Enrolment
Automotive Industry Leaders Criticize Government Tax Policies and Urge Action on Retail Consumer Confidence
Environment Agency Issues Flood Alerts Across Scottish and English Waterways Following Heavy Rainfall
Independent Audit Highlights Persistent Security Vulnerabilities Across Legacy Government Digital Portals
Northern Ireland Political Leaders Clash Over Westminster Funding Allocations Ahead of Autumn Budget
Ethnic Minorities in England Face Significant Disparities in Routine Breast Cancer Diagnosis Rates
National Police Chiefs Report Alarming Surge in Domestic Abuse Cases Fuelled by Expanding Illegal Cocaine Market
Government Announces Two Hundred and Twenty Million Pound Pothole Funding Boost for Local Highway Authorities
China Issues Formal Warning Over Potential United Kingdom Restrictions on Chinese Electric Vehicles
British Defence Ministers Sign E5 Pact to Enhance European Military Capabilities and Industrial Cooperation Within NATO
United Kingdom Business Activity Expands at Fastest Pace in Eight Months According to S&P Global Flash Survey
Chancellor John Healey Prepares Major Devolution Package and Bank Profit Surcharge Ahead of Upcoming Autumn Budget
National Health Service Consultants in England Announce Two-Day Strike Action Scheduled for November
Major Clean-Up Under Way Across Britain Following Destruction Caused by Consecutive Storms Austen and Boelo
KEY TRENDS TO WATCH
Declassified Intelligence Files Reveal British Security Services Monitored National Health Service Founder
British Government Launches Sweeping Regulatory Crackdown on High-Risk Cosmetic Procedures
Scottish National Party Demands Ban on Using Scottish Revenues to Fund English Nuclear Energy Projects
Mayor of London Initiates Landmark Pedestrianisation of Oxford Street to Revitalise Global Retail Hub
British Judges Granted Expanded Legal Powers to Punish Convicted Killers Who Refuse to Attend Sentencing
United Kingdom Poised to Miss Reduced International Aid Spending Targets Ahead of Fiscal Review
Surging Cocaine Consumption Drives Record Drug Fatalities and Rising Crime Rates Across Britain
Department of Health and Social Care Announces One Hundred and Forty Million Pound Boost for Urgent Care
British Services Sector Records Strongest Growth in Eight Months Despite Broader Economic Uncertainty
United Kingdom Retail Sales Suffer Unexpected Decline as Consumer Confidence Plummets
Greater Manchester Mayor Andy Burnham Urges National Debate on Restoring European Union Free Movement
Deep Cabinet Divisions Emerge Over Controversial Approval of North Sea Fossil Fuel Projects
United Kingdom Government Urges Citizens to Stockpile Essential Supplies in National Resilience Pivot
Storm Boelo Kills Two People and Cuts Power to Tens of Thousands Across Great Britain
Critical Software Flaw Forces Dozens of United Kingdom Government Services Offline Amid Mass Security Warnings
UK Consumer Confidence Tumbles Amid Rising Energy Costs and Global Commodity Price Pressures
North Sea Transition Authority Approves Production from Jackdaw Gas Field to Bolster Domestic Energy Security
Storm Boelo Leaves Tens of Thousands of Households Without Power Across Scotland and Northern Ireland
UK Government Launches National Be Ready Campaign Urging Households to Prepare Three Days of Emergency Supplies
Department for Environment Food and Rural Affairs Implements Stricter Water Quality Regulations for British Rivers
Welsh Government Launches Major Renewable Energy Initiative to Expand Offshore Wind Capacity Along the Coast
Northern Ireland Executive Reaches Final Agreement on Comprehensive Regional Infrastructure Modernization Plan
Office for National Statistics Reports Moderate Increase in British Retail Sales Driven by Autumn Discounts
Scottish First Minister Announces Emergency Housing Strategy to Tackle Severe Homelessness Across Urban Centers
Automotive Industry Leaders in the United Kingdom Urge Government Support for Electric Vehicle Manufacturing Transition
United Kingdom and European Union Initiate High-Level Negotiations on Post-Brexit Defense and Security Pact
National Health Service England Introduces Sweeping Digital Reforms to Reduce Hospital Waiting Lists Nationwide
Chancellor of the Exchequer Outlines Emergency Fiscal Measures to Address Local Government Funding Crises Across England
Bank of England Governor Warns of Persistent Inflation Pressures Impacting Interest Rate Decisions in the United Kingdom
UK Conservative Party Suspends Former Electoral Candidate Following Undercover Investigation
Actors and Writers Condemn British Anti Terror Legislation Targeting Activist Groups and Free Speech
Central Bank and Treasury Monitor Inflation Risks as International Monetary Fund Upgrades United Kingdom Growth Forecast
×