Don't Treat Covid As Endemic Too Early, Expert Warns
"); jQuery("#212 h3").html("

"); });
2022-01-31 HKT 12:25
A medical expert advising the government says Covid-19 should only be treated as an endemic disease when the fatality rate becomes comparable to flu and when at least 90 percent of the population is vaccinated.
Lau Yu-lung said on Monday that history tells us no pandemics last forever, but warned that making the transition to endemicity too early would come with a hefty price.
“The death rate will be very high. Why is that? It is because the vaccination rate is not high enough. The zero-Covid policy we have been adopting means very few people have been infected," he said.
"Why can other places do that? They grit their teeth and say they’d live with the virus. So, they paid a heavy price,” he said, noting almost 900,000 people in the United States have died of the coronavirus.
Lau said a transition away from the zero-Covid policy would take three to six months to complete, and it would have to come with flexible and precise adjustments to social distancing measures.
For example, when the number of new cases start to climb, measures should be tightened right away, he said.
The expert said authorities would also have to prepare for a surge in cases, and consider what kind of patients needed to be admitted to hospital or to self-isolate at home.
He also said he believes the mainland will consider “living with the virus” in the second half of this year, as long as the fatality rate falls below one in a thousand infections.
Ripple GSmart Delivers Treasury-Native AI That Supports Human Control
Ripple has announced an expansion of GSmart, the treasury-native AI capabilities which are built into Ripple Treasury. ... Read more
Pam Kaur To Stay On As HSBC Adviser After Leaving Group CFO Post
Pam Kaur, HSBC‘s Group Chief Financial Officer, plans to leave the role in 2027. She will not stand for re-election a... Read more
HKMA, HKEX, Nasdaq Dubai And DFSA Establish Strategic Working Group
The Hong Kong Monetary Authority (HKMA), Hong Kong Exchanges and Clearing Limited (HKEX), the Dubai Financial Services ... Read more
Unlimit Secures Hong Kong Money Service Operator License
Global financial infrastructure company Unlimit has secured a money service operator license from the Hong Kong Customs... Read more
Reap Launches Virtual Asset Ledger For Direct Crypto Card Payments
Reap has launched a Virtual Asset Ledger that allows clients of its card issuing platform to fund card spending directl... Read more
Citi To Launch Instant Blockchain Cross-Border Payments In Japan
Citi plans to launch a blockchain-based cross-border payments service for Japanese companies this year, allowing busine... Read more