HONG KONG—Stringent rules to try to keep Hong Kong free of Covid-19 are driving away more foreign executives, chipping away at the city’s decades-old status as one of the world’s top business hubs.

Flight bans, lengthy quarantine stays for arrivals and repeated school closures are pushing more people to a breaking point as the pandemic enters its third year and the city clings to a zero-Covid strategy abandoned by nearly all countries save for China. A growing outbreak at a public housing estate has prompted the government to lock down buildings and send more people into quarantine.



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