China News Agency, Hong Kong, June 7: The Financial Secretary of the Hong Kong Special Administrative Region Chen Maobo pointed out in his blog on the 7th that the United States recently mentioned the so-called sanctions against Hong Kong, and the actual impact is very limited. He urged the public not to speculate too much, the SAR government will respond cautiously.

  On the same day, Chen Maobo published a blog entitled "Capturing Opportunities." He said that Hong Kong has experienced many challenges in the past year. In recent months, the new coronary pneumonia epidemic has hit the economy. When the market is full of pessimism, he is also worried about whether the violence will be serious. Burning. At this juncture, the National People's Congress passed a Hong Kong-related national security legislative decision, plugging the current legal loopholes, and hoping to allow Hong Kong to restore a safe and stable social environment as soon as possible.

  Chen Maobo said that in the context of Sino-US wrestling, the United States even took the opportunity to impose so-called sanctions on Hong Kong in an attempt to interfere with related legislative work.

  Chen Maobo believes that the actual impact of the US sanctions is very limited. Hong Kong is the world's third largest foreign exchange center for US dollars, and is closely linked to the global economic and financial system. Any means of impacting Hong Kong's financial system will also bring great shock to the global financial markets, including the United States, and even weaken the confidence of the international market in using the US dollar and holding US financial assets. He believes that the public need not speculate too much, and the SAR Government will respond cautiously.

  Chen Maobo said he was overly concerned that some people thought that the national security legislation involving Hong Kong might lead to brain drain. To attract talents, the most important thing is to develop opportunities and play space, and a free, safe and stable social environment, let them live and work in peace and contentment. He reiterated that other international financial centers around the world have their own laws to protect national security. Hong Kong's current practice is no different from other markets. (Finish)