Chinese regulators and state-owned banks are taking steps to split staff at their workplaces in Beijing, sources told Reuters, as businesses brace for a possible spike in COVID cases after China relaxed virus restrictions in a major policy shift.
The arrangements highlight how lingering anxieties created by Beijing's three-year 'zero-COVID' policy are likely to hamper a quickfor the world's second-largest economy, despite its pivot away from strict containment measures.
The China Securities Regulatory Commission plans to allow only a couple of employees in each department to come to headquarters, and has asked some of them to prepare for a prolonged stay on the premises, the sources said.
Other large state banks have also made similar arrangements - splitting up staff into rotating shifts while maintaining a maximum of 10%-20% of staff occupancy in their headquarters in Beijing, said two other people with knowledge of the matter. "There is a new fear among people from getting COVID, and that is putting people off from going into the office, and companies are generally not forcing people to go in, either," he added.
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