Prominent Hong Kong business leader Allan Zeman called on the city’s government to provide subsidies for the food and beverage sector as Covid-19 restrictions are tightened again.
“I think that it’s something that is vital for the survival of the businesses,” he told CNBC’s “Street Signs Asia.”
“It just does not bode well for the industry,” said Zeman, chairman of property developer Lan Kwai Fong Group.
Hong Kong reported 112 new confirmed cases of the coronavirus, taking its total case count to at least 7,291.
More than 1,300 cases have been recorded in the past 14 days, according to the city’s department of health.