HSBC HoldingsIt said on Friday that it would allow all its Hong Kong employees to return to the office from next Monday, a further sign that the Asian financial centre has returned to normal operations after the fourth wave of infection was brought under control.

"as the COVID-19 epidemic in Hong Kong continues to stabilize, we will adjust our current workplace arrangements," HSBC wrote in an internal memo to employees. From next Monday, June 7, all employees will be allowed to work in HSBC offices. " A spokesman for HSBC confirmed the contents of the memo.

According to the memo, HSBC will continue to allow employees who are willing to work remotely to do so. The bank, which employs more than 20,000 people in Hong Kong, has previously allowed 50 per cent occupancy in its offices.

Bank of America, which has about 1600 employees in Hong KongEarlier this week, it also announced plans to put all employees back to work by the end of the month and encouraged them to be vaccinated.