China News Agency, Hong Kong, July 14 (Reporter Zhang Xiaoxi) Chen Maobo, the Financial Secretary of the Hong Kong Special Administrative Region Government, said on the 14th that there are claims that the "Law of the People's Republic of China on the Maintenance of National Security of the People's Republic of China" affects investment confidence and is a "subjective" regardless of reality. "Conjecture", in fact, not only has there not been a significant capital outflow in Hong Kong, it has also continued to have capital inflows.
On the same day, the opening ceremony of the fifth "One Country, Two Systems" and Basic Law Forum activities was held in Hong Kong. Chen Maobo attended and delivered a speech.
Chen Maobo said that in the past year, Hong Kong has experienced many challenges, has endured successive attacks of violence, and has emerged as a separatist proposition, highlighting the gaps in national security and bringing an unprecedented impact on the operation of "one country, two systems" . 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.
He 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. The Hong Kong Monetary Authority has entered the market on many occasions to undertake dollar selling, and has released more than 100 billion Hong Kong dollars in funds. Interest in Hong Kong also continued to be low, Hong Kong stocks turned stronger, and there was a single-day trading volume of more than 200 billion Hong Kong dollars, reflecting that Hong Kong not only did not experience significant capital outflows, but also continued capital inflows.
He continued that earlier, the 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. . In the past two months, people in the financial sector such as banking and wealth management that he contacted also expressed that they and their customers generally agree on the necessity and urgency of the legislation of the Hong Kong Special Administrative Region to safeguard national security laws, and believe that the legislation will help Hong Kong society restore order and Law and order, and social and political stability are essential for business, investment and life.
Chen Maobo said that he believes that after the implementation of the Law on Safeguarding National Security of the Hong Kong Special Administrative Region, Hong Kong society will greet a wider range of development opportunities in addition to the rapid restoration of stability. As the foundation of "one country, two systems" has become more stable, Hong Kong can play a more active role in the country's continuous opening and deepening of reforms, ushering in long-term prosperity and stability. (Finish)