China News Agency, Hong Kong, June 5 (Reporter Han Xingtong) A few days ago, the National People's Congress voted to pass the legislative decision on Hong Kong-related national security. Following the vocal support of Chinese and Hong Kong-funded enterprises in Hong Kong, well-known foreign-funded enterprises such as HSBC, Jardine, Swire and Standard Chartered also expressed their support for relevant legislative decisions. In an interview with a reporter from China News Agency on the 5th, a person from Hong Kong's political and economic circles stated that the national security legislation involving Hong Kong has created a stable social environment for foreign capital profits, and they have no reason to object.
The well-established British company Jardine Group has published full-page advertisements in Hong Kong's Ta Kung Pao and Wen Wei Po recently, indicating support for Hong Kong-related national security legislation. This full-page advertisement says: "I believe it is very important to establish a legal framework for maintaining national security. To ensure that Hong Kong continues to absorb investment, enhance employment opportunities and protect people's livelihood"; spokespersons of Swire and Standard Chartered later issued a document expressing support for the relevant legislative decision; Wang Dongsheng, member of the CPPCC National Committee of Hong Kong, chairman of the Hong Kong General Chamber of Commerce, and chief executive officer of HSBC Asia Pacific, also went to "support "Guoan Legislation" Street Station signed in solidarity.
Hong Kong media commented that these foreign-funded enterprises have a long history in Hong Kong. Hong Kong is their most important operating base and the most important source of profit. They all hope to continue to make great progress in Hong Kong, the Guangdong-Hong Kong-Macao Greater Bay Area, and even the entire Mainland of China. And their voices on Hong Kong’s national security legislation show that they all agree that only by plugging loopholes in Hong Kong’s maintenance of national security and ensuring the stability of the social rule of law can a good business environment be created and their own interests protected.
Zhuang Tailiang, an associate professor in the Department of Economics of the Chinese University of Hong Kong, told reporters from China News Service that the only purpose of foreign investment in Hong Kong is to make money, and the most important thing for making money is social stability. "Hong Kong-related national security legislative decisions help social stability, I think they have no reason to object."
Zhuang Tailiang believes that once legislation is enacted, Hong Kong's economy will only continue to rebound one way, and there will be no downturn. "Hong Kong is an export-oriented economy and relies heavily on tourists and other immigrant populations. At present, the number of tourists is close to zero, and everything will recover." He noticed that since the National People's Congress passed the decision on Hong Kong-related national security legislation at the end of last month, there have been some fluctuations in the stock market. However, various economic data have recovered recently, and stocks and property prices are relatively stable. He believes that even if the future instability may continue for a period of time, in the long run, the economy will definitely rebound.
Chen Yong, deputy chairman of the National People’s Congress of the Hong Kong District and deputy chairman of the Hong Kong Democratic Alliance for the Betterment, believes that foreign-funded enterprises have voiced support for Hong Kong’s national security legislation, stating that maintaining national security is a common standard in the world, and each country needs to protect its own people’s lives and property. A good business environment and normal economic activities can be launched.
He mentioned that the social turmoil in the past year has caused commercial organizations to suffer losses. "At this point, no matter whether it is foreign or Chinese, or other assets, there is no stable environment, and all prosperity will be zero. Without the rule of law and stability, Hong Kong will become a difficult place to do business."
Chen Yong believes that foreign investment in supporting Hong Kong-related national security legislation also reflects that they still have confidence in the future business environment of Hong Kong. "If not, they should withdraw their funds, not express their support." The recent stable stock market and property market reflect that Hong Kong-related National security legislation is in the interest of the vast majority of people and the interests of foreign capital in Hong Kong. (Finish)