Banking giants such as HSBC, Goldman Sachs and Barclays are set to restart working from their offices in Hong Kong.
The move follows after the Asian financial hub decided to loosen curbs on social gatherings and reopen shuttered schools in stages last week.
HSBC has allowed 30% of its employees to return to offices, Bloomberg reported citing a memo as seen.
The UK-based lender has more than 31,000 employees in Hong Kong across nearly 100 branches, of which, two outlets have been reopened so far.
In its memo, HSBC said: “In tandem with the resumption of normal business activities in Hong Kong, we will allow more colleagues to return to office starting next week and expect to continue this phased approach in the coming weeks.”
According to Bloomberg, Goldman has already ramped up its offices with 600 employees, while Barclays has enabled 60% or 270 of its employees to work from their offices.
Many global banks with offices in Hong Kong have urged employees to return to their offices.
It has been reported that the Swiss-based UBS Group has 40% of Hong Kong staff already working from offices.
The bank is planning to gradually increase the number of employees returning to work.
Outside Hong Kong, Morgan Stanley is planning to allow New York employees to begin working from their offices from next month.
Last week, Deutsche Bank reopened 80 branches in Germany as it believed that the virus spread in the country has peaked.