China News Agency Hong Kong, June 6 (Xinhua) The Hang Seng Index (HSI) closed at 24,770 points on the 5th, the highest level in three months. The Chief Executive of the Hong Kong Special Administrative Region, Lin Zhengyue, published an article on the social networking site on the 6th and pointed out that the Hang Seng Index has recovered the "land loss" after the announcement of the National People's Congress's national security legislation.
In the article, Lin Zhengyue said that some people said that the HSI is a "cold heat meter" in Hong Kong. Its large fluctuations often reflect not only the economic situation, but also the political and social status. On May 22, the National People's Congress announced the legislative decision on Hong Kong-related national security. The HSI had a sharp dip of 1,400 points. When she responded to reporters' questions, she said that the financial market fluctuated and the stock market rose or fell. The most important thing is the system.
She said that noting that the Hang Seng Index closed at 24,770 points on the 5th, it not only recovered the "land loss" after the announcement of the relevant decision of the National People's Congress, but also the highest level in three months. In addition, successive Chinese stocks returned to Hong Kong for second listing; biotech companies used Hong Kong as a financing platform; the Purchasing Managers Index (PMI) rebounded in May and hit a 4-month high; Hong Kong’s deposits remained stable, and there was no significant outflow of Hong Kong dollars Or banking system, etc. The Central Government also supports Hong Kong’s status as an international financial center. The People’s Bank of China, the China Banking Insurance Regulatory Commission and the Securities and Futures Inspection Commission have all expressed their support. Last month, they took practical action to help Hong Kong Finance. "Opinions on Financial Support for the Construction of the Guangdong-Hong Kong-Macao Greater Bay Area", many of which are conducive to Hong Kong's consolidation of offshore RMB, insurance, financing and wealth management businesses.
Lin Zhengyue said that all of the above help Hong Kong have a stable system and excellent conditions to withstand the storm. She believes that after the National People's Congress is enforcing Hong Kong's national security legislation, Hong Kong's public order and social environment will be restored to stability. The Central Government will have more confidence in the implementation of "One Country, Two Systems" in Hong Kong, and investors at home and abroad will be more confident to settle in Hong Kong, Hong Kong's status as an international financial center Will take it to the next level. (Finish)