World
Hong Kong-Singapore Travel Bubble to Reopen Financial Hub Links
- Travelers between the cities will be tested for virus instead
- Shares of Cathay Pacific, Singapore Air rally on the news
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Singapore and Hong Kong will open their borders to one another for the first time in almost seven months, exempting people in both cities from compulsory quarantine in an agreement that will reinstate links between Asia’s two premier financial hubs.
Compulsory quarantine will be replaced by coronavirus testing, Singaporean Transport Minister Ong Ye Kung told reporters Thursday, and he hopes the bubble will start in “weeks.” Hong Kong’s commerce and economic development minister, Edward Yau, confirmed the pact, originally reported by the South China Morning Post, soon after.