China News Service, Hong Kong, July 25. Xu Zhengyu, Director of the Financial Affairs and Treasury Bureau of the Hong Kong Special Administrative Region Government, said that Hong Kong's financial market remains active and orderly. He is optimistic about Hong Kong's financial stability and economy.
According to the Information Service of the Hong Kong Special Administrative Region Government, Xu Zhengyu said in an online seminar jointly organized by the Hong Kong Economic and Trade Office in Toronto and the Hong Kong-Canada Chamber of Commerce (Canada) on the 24th (Toronto time) The pneumonia epidemic is experiencing difficult conditions. However, Hong Kong's financial market remains active and orderly. The exchange rate of the Hong Kong dollar is stable and favors the strong exchange guarantee level. The banking system has no obvious signs of capital outflows. On the contrary, more than 11 billion U.S. dollars in capital inflows since June. The total amount of bank deposits has also continued to increase in the past few months. There has been a series of public offerings in the stock market, and market transactions have repeatedly increased.
Xu Zhengyu said that the new crown pneumonia epidemic has put pressure on the global economy and financial markets, but Hong Kong's basic advantages remain unchanged. Hong Kong has many advantages, including geography, rule of law, high-speed communications, free flow of information and capital, and a simple and low tax system, which make Hong Kong a leading international financial center.
Xu Zhengyu pointed out that the SAR government has set aside 6 billion Hong Kong dollars in the "epidemic prevention and anti-epidemic fund" to create about 30,000 time-limited jobs in the public and private sectors in the next two years, covering people with different skills and academic qualifications. To support the development of financial technology, the SAR government has also launched the "Thousand Talents Plan" to subsidize local financial technology companies, start-ups and other companies with financial technology-related businesses to create 1,000 new jobs, hire local talents and enrich Hong Kong’s finances Technology talent pool.
Looking ahead, Xu Zhengyu is optimistic about Hong Kong's financial stability and economy. He encouraged Canadian companies to make good use of Hong Kong's advantages and its status as an international financial center, an international asset and wealth management center, and a global offshore RMB business hub to develop and invest in the Guangdong-Hong Kong-Macao Greater Bay Area and nearby areas. (Finish)