[Commentary] On July 14, the opening ceremony of the fifth "One Country, Two Systems" and Basic Law Forum activities was held in Hong Kong. Chen Maobo, the Financial Secretary of the Hong Kong Special Administrative Region Government, attended and delivered a speech. In response to the claim that the "Law of the People's Republic of China on the Maintenance of National Security of the People's Republic of China" affects the confidence of investors in Hong Kong, Chen Maobo said that this is a "subjective conjecture" that ignores reality.
[Same period] Chen Maobo, Financial Secretary of the HKSAR Government
Some people say that the "Hong Kong National Security Law" affects investment confidence and leads to capital outflows. It can only be said that this is some subjective conjecture that ignores the reality. The Monetary Authority has seen more than 100 billion Hong Kong dollars in capital flows, Hong Kong’s interest rates have continued to be low, Hong Kong stocks have turned stronger, and single-day transactions have also occurred. With a record of more than 200 billion yuan, it can be said that not only has there not been a capital outflow in Hong Kong, but there has also been continuous capital inflows.
[Explanation] Chen Maobo pointed out that objective data shows that since April this year, the Hong Kong dollar has continued to approach the strong side of the 7.7 Hong Kong dollar to the US dollar, and has repeatedly touched the strong side exchange guarantee. He continued by referring to the fact that the earlier international index company MSCI (MSCI) transferred its authorization for the issuance of index futures and options products from Asia and emerging markets from Singapore to Hong Kong, which is one of the evidence that the international financial community has confidence in the Hong Kong financial market. Chen Maobo said that in the past two months, people in the financial sector such as banking and wealth management that he contacted said that they and their customers generally agree on the necessity and urgency of the legislation of the Hong Kong Special Administrative Region to maintain national security laws, and believe that the legislation will help the recovery of Hong Kong society Order and law and order, and social and political stability are essential for business, investment and life.
[Same period] Chen Maobo, Financial Secretary of the HKSAR Government
Social and political stability is essential for business investment and life. I believe that after the implementation of the Hong Kong National Security Law, Hong Kong society will also welcome a wider range of development opportunities in addition to the rapid recovery of stability. Due to the change in the foundation of "one country, two systems" To be more stable, Hong Kong can play a more active role in the country's continuous reform and opening up process.
[Commentary] Chen Maobo said that in the past year, Hong Kong has experienced many challenges and suffered successive violent attacks. The separatist claims have emerged, highlighting the gaps in national security and bringing about the operation of "one country, two systems" Unprecedented impact. The Hong Kong Special Administrative Region’s National Security Law was enacted to block relevant legal loopholes, provide institutional safeguards for the maintenance of national security, restore Hong Kong society to safety and stability, and enable the public to continue to live and work in peace and contentment.
Reporter Li Yue Zhu Aili Hong Kong
Editor in charge: [Ji Xiang]