Only when the environment is stable can the market be orderly; the rule of law can guarantee long-term development. Hong Kong's national security legislation is imminent. Some people worry that it will weaken the status of Hong Kong's international financial center, while those with ulterior motives use this worry to wreak havoc on national security legislation. In this regard, Ren Zhigang, a member of the Executive Council of the Hong Kong Special Administrative Region and a former president of the HKMA, said recently that the National Security Law of the Hong Kong District will not affect the status of Hong Kong as an international financial center, but is a good thing. This judgment represents the voice of the vast number of people of insight in Hong Kong and arouses strong resonance among investors at home and abroad.
Throughout the world, no capital will flow to turbulent areas, and no company will choose a market with unknown expectations. Since the "revision storm" occurred last year, a series of violent activities have caused social unrest, market turbulence and uneasy people, and Hong Kong's economic environment has been hit hard. I would like to ask, who is willing to work and live in fear? Security loopholes that erode the market base must be filled, and the security cornerstone that holds up market order must be consolidated.
Of course, those gangsters, Hong Kong independence forces, and foreign interventionists do not want Hong Kong to change the turbulent status quo. This is because they can make great profits in the chaotic political, economic and social environment. However, this scheme is destined to be a "daydream". Hong Kong does not welcome chaos. Hong Kong people call for a normal life. Investors in Hong Kong need a peaceful environment. Only national security legislation can build a strong foundation for Hong Kong’s security and alleviate the worries of all sectors of society about the long-term development of Hong Kong; and only if Hong Kong is safer and more stable, domestic and foreign investors can conduct business in Hong Kong with more confidence, and the country can be assured that Hong Kong can be in the country. It plays a more important role in the overall development situation, which ultimately helps to consolidate Hong Kong's status as an international financial center.
Good changes are happening quietly. After Hong Kong’s national security legislation became known, successive Chinese stocks returned to Hong Kong for “second listing”, biotechnology companies used Hong Kong as a financing platform, the May PMI rose and reached a four-month high, and Hong Kong’s deposits remained stable. and many more. According to Ren Zhigang's observation, there is no capital flow in Hong Kong, there is no weakness in the Hong Kong dollar, and there is still capital inflow, the Hong Kong dollar is still strong; Still sound. National security legislation is deterring those who are suspicious and misbehaving, and what protects Hong Kong's existing success and prosperity.
If the market is not disordered and policies remain unchanged, expectations will not change and confidence will not be lost. To this end, we must use the national security legislation to support Hong Kong's economy. Some people think that the National Security Council will lead to financial divestments and incur foreign sanctions. What a shame. In terms of strength, Hong Kong has a strong economic foundation and a sound financial system; in terms of policies, the central bank, the China Banking Regulatory Commission, and the China Securities Regulatory Commission have been helping Hong Kong’s finance since last month; Smash your own feet. Throughout the world, other international financial centers such as New York, London, and Singapore have national security laws. Throughout the 23 years of Hong Kong’s return, it has been possible to meet the crisis and expand the development pattern. The motherland has always been the most powerful support and the most solid backing. With the escort of national security legislation and the firm support of the central government, Hong Kong is not afraid of any suppression or fear of any storms.
The Hong Kong capital market is not just a Hong Kong market, but a Chinese and international market. As long as the Chinese economy maintains a good development trend, the central government attaches great importance to the special status of Hong Kong, and the central government will continue to support itself when the international economic environment is difficult. How can Hong Kong be an international financial center? As long as the national security bottom line is clear and the barriers are firm, the central government and the SAR government severely punish illegal acts in accordance with the law, and protect the legitimate rights and interests of Hong Kong citizens and international investors in accordance with the law. How can Hong Kong have a bad tomorrow?
Throughout the ups and downs, Hong Kong's status as an international financial center is still here, unable to move and sit securely. Facing the future, the arms of the motherland will always be here, reliable and reliable. Not forgetting the original intention of "one country, two systems", and maintaining the confidence of promoting prosperity with the rule of law, we believe that a long-lasting Hong Kong will surely start again.