On Sunday, residents of Hong Kong and mainland China were permitted to resume two-way, quarantine-free travel after three years, albeit in limited numbers. Sa Sa, which counts Hong Kong and Macao combined as its top market, has seen sales roughly halve since 2019. “Everyone in Hong Kong retail, I can tell you, has been very much looking forward to this event,” said Ho, a member of the Hong Kong Retail Management Association, referring to the border reopening. The move is the latest effort by Hong Kong to rebuild its status as a global business hub. Currently, as part of a gradual reopening, Hong Kong has a quota of 60,000 visitor arrivals from mainland China each day.

Source: CNN January 12, 2023 20:51 UTC