Financial institutions and other commercial entities in Central, Admiralty and Wan Chai districts are adopting contingency measures in the face of the Occupy Central civil disobedience campaign, the Hong Kong Economic Journal, the parent publication of ejinsight.com, reported Monday.
Ernst & Young may arrange for some staff to work from home or at its Island East office in Quarry Bay instead of CITIC Tower in Admiralty, subject to traffic conditions, the report said, citing a spokesman.
CITIC Securities Co. Ltd. (06030.HK), also located at CITIC Tower, will roll out contingency plans if necessary while DBS Bank (Hong Kong) Ltd. is suspending service at its United Centre branch in the morning.
CITIC Securities, which has a back office in North Point, said in an internal email all staff must carry identity proof at its Admiralty office.
Investment banks are also prepared for any disruption owing to the Occupy Central movement. UBS A.G. Hong Kong is said to have a back-up office in Kwai Chung that has been tested by staff members.
A spokesman for the Hong Kong Monetary Authority said instructions have been given to banks, reminding them of special situations when they may need to implement their back-up plans to ensure continual operation.
Transport-wise, New World First Bus and Citybus have implemented temporary traffic arrangements due to the closure of major roads in Central district. MTR Corp. Ltd. (00066.HK) may skip certain stations.
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