{"id":2052,"date":"2021-06-02T15:40:44","date_gmt":"2021-06-02T07:40:44","guid":{"rendered":"https:\/\/www.boasecohencollins.com\/?p=2052"},"modified":"2021-06-02T15:40:50","modified_gmt":"2021-06-02T07:40:50","slug":"a-fistful-of-dollars-an-armful-of-vaccine","status":"publish","type":"post","link":"https:\/\/www.boasecohencollins.com\/zh-hans\/%e7%bd%91%e8%aa%8c\/a-fistful-of-dollars-an-armful-of-vaccine\/","title":{"rendered":"A fistful of dollars, an armful of vaccine"},"content":{"rendered":"\n

Hong Kong, 2 June 2021: <\/strong>Money talks, especially in Hong Kong. Cash gives you the keys to this city. We have the world\u2019s most expensive housing and the highest density of Rolls-Royce cars per capita. Some 515,000 citizens (around 7% of the population) are classed as multimillionaires. Last September, eager punters splurged HK$1.38 billion (a mere US$177 million, folks) on the opening day of the horse racing season.<\/p>\n\n\n\n

So financial gain, naturally, is the answer to Hong Kong\u2019s chronic Covid-19 vaccine hesitancy. In a bold effort to boost the city\u2019s take-up rate, a group of property developers announced last Friday they would hold a lucky draw for vaccinated residents to win a HK$10.8 million flat. They also proffered another 20 prizes worth HK$100,000 each. Other businesses quickly followed suit, with incentives such as 500 MTR tickets for unlimited rides in a year, free flights, a lottery for 500 shopping vouchers worth HK$10,000 each, and 50% off the cost of a hotel staycation \u2013 all for fully inoculated residents only. In a case of Covid giving way to Cupid, there\u2019s even a \u201ccreative\u201d matchmaking service for vaccinated singles.<\/p>\n\n\n\n

Impressed by this largesse, our government has weighed in with \u201cjab holidays\u201d, announcing civil servants will be granted one extra paid vacation day after each vaccination dose. Secretary for the Civil Service Patrick Nip says the administration is taking the lead as a major employer. Seizing the moment, Chief Executive Carrie Lam has sent letters to more than 100 businesses asking them to join the incentive drive. The Home Affairs Department has set up a hotline and help desk to assist businesses seeking to launch a raffle or lottery to apply for the proper licence.<\/p>\n\n\n\n

Ker-ching! Vaccination bookings have surged. From a low of 12,000 per day before the business sector opened its collective wallet, they hit 37,000 on Monday and an eye-popping 47,600 yesterday. But let\u2019s be clear, there\u2019s a long, long way to go. We still have less than 14% of the population fully inoculated. As for the Covid-19 caseload, health officials confirmed six imported infections yesterday, bringing the city\u2019s cumulative total to 11,848, with 210 related fatalities.<\/p>\n\n\n\n

Money also talks in Hong Kong\u2019s all-powerful financial sector. And so our government has announced that vaccinated directors and senior executives of major listed companies can now travel to and from the city without doing quarantine. The move frees up thousands of corporate high flyers \u201cto travel around the world to maintain their business operations\u201d, according to the Financial Services and the Treasury Bureau. Companies are allowed a limited quota of exemptions while executives must undergo testing and stick to pre-approved itineraries. Elitist? Yes. Unfair? Definitely. It\u2019s tempting to paint a Dickensian picture of corporate fat cats gorging themselves while we street urchins press our noses to the window. But, in tune with the prevailing mood, let\u2019s be positive and say resumption of business travel \u2013 even if only for a privileged few \u2013 is a step in the right direction.<\/p>\n\n\n\n

There is a clear momentum shift. A growing number of health professionals are advocating relaxed social distancing rules for inoculated citizens. Dr Lam Tai-hing of the University of Hong Kong says fully vaccinated people should be allowed to go mask-free in open spaces. \u201cIt has nothing to do with discrimination,\u201d he insists. \u201cIf you\u2019re not vaccinated, then you pose a risk to yourself and others, and to the community. It is science-based.\u201d Dr David Owens and Professor Ben Cowling \u2013 always informed and enlightened \u2013 address this and related topics in their latest podcast<\/a>. It is recommended listening.<\/p>\n\n\n\n

Our leaders are taking note. They have unveiled plans to ban unvaccinated residents from \u201chigh-risk\u201d venues \u2013 restaurants, schools, cinemas, sports facilities and the like \u2013 should a fifth wave of Covid-19 hit us. Those affected are crying foul but our Chief Executive robustly denies this strategy is intended to punish them, telling reporters: \u201cWe are trying to avoid including those who have been vaccinated in the restrictions.\u201d I\u2019m with you on this one, Carrie.<\/p>\n\n\n\n

In another welcome development, the government\u2019s \u201cLeave Home Safe\u201d app now includes vaccination e-records, which will streamline checks at restaurants and bars operating under various vaccine bubbles. How much good news can we take? Even Britain has been allowed off the naughty step. Well, almost. Fully vaccinated individuals flying in from there now have to serve just 14 days\u2019 quarantine rather than 21.<\/p>\n\n\n\n

However, nowhere does money talk louder than in the Mad Hatter world of professional football. Russian oligarch Roman Abramovich has transformed my beloved Chelsea FC since buying them in 2003, the latest \u2013 and biggest \u2013 trophy arriving in the early hours of Sunday morning with victory over Manchester City (owned by Abu Dhabi\u2019s royal family) in the UEFA Champions League final. Grandson Nathan and I were glued to the TV in my living room, although the tension towards the end was excruciating. Roman\u2019s total investment in Chelsea? Around \u00a31.3 billion. Nathan\u2019s joy at the final whistle? Well, that was priceless.<\/p>\n\n\n\n

Stay safe and well, everybody!<\/p>\n\n\n\n

Colin Cohen<\/strong>
Senior Partner<\/strong>
Boase Cohen & Collins<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong, 2 June 2021: Money talks, especially in Hong […]<\/p>\n","protected":false},"author":2,"featured_media":2049,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54],"tags":[],"class_list":["post-2052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-54"],"yoast_head":"\nA fistful of dollars, an armful of vaccine - \u5e03\u9ad8\u6c5f\u5f8b\u5e08\u884c<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.boasecohencollins.com\/zh-hans\/%e7%bd%91%e8%aa%8c\/a-fistful-of-dollars-an-armful-of-vaccine\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A fistful of dollars, an armful of vaccine - \u5e03\u9ad8\u6c5f\u5f8b\u5e08\u884c\" \/>\n<meta property=\"og:description\" content=\"Hong Kong, 2 June 2021: Money talks, especially in Hong […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.boasecohencollins.com\/zh-hans\/%e7%bd%91%e8%aa%8c\/a-fistful-of-dollars-an-armful-of-vaccine\/\" \/>\n<meta property=\"og:site_name\" content=\"\u5e03\u9ad8\u6c5f\u5f8b\u5e08\u884c\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-02T07:40:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-02T07:40:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.boasecohencollins.com\/wp-content\/uploads\/SIXTYcov_PHOTO2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1020\" \/>\n\t<meta property=\"og:image:height\" content=\"484\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Niall Donnelly\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u4f5c\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"Niall Donnelly\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u9884\u8ba1\u9605\u8bfb\u65f6\u95f4\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 \u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.boasecohencollins.com\/zh-hans\/%e7%bd%91%e8%aa%8c\/a-fistful-of-dollars-an-armful-of-vaccine\/\",\"url\":\"https:\/\/www.boasecohencollins.com\/zh-hans\/%e7%bd%91%e8%aa%8c\/a-fistful-of-dollars-an-armful-of-vaccine\/\",\"name\":\"A fistful of dollars, an armful of vaccine - 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