[Explanation] Sino-US trade frictions are heating up day by day, and the United States has repeatedly "taken advantage of the topic", claiming to abolish Hong Kong's special status and imposing so-called "sanctions" on Hong Kong. In this regard, Wu Hongbin, chairman of the Chinese Manufacturers' Association of Hong Kong, said that the United States is only using Hong Kong as a "pawn" to influence China, but its so-called "sanctions" will have minimal impact on Hong Kong.
[Explanation] Wu Hongbin said that companies using the United States as a single market may be more affected, but this type of company accounts for a small proportion. Hong Kong businessmen are flexible and changeable, and most companies diversify the market to avoid risks. Therefore, the relevant sanctions have little impact on Hong Kong companies, but may cause some companies to abandon the US market.
[Concurrent] Wu Hongbin, Chairman of the Chinese Manufacturers' Association of Hong Kong
If your market is in the United States, it will be most affected. If only 20-30% of your business is in the United States, that's another matter. Some of our members are also looking overseas to open another production line in other places. Other members have given up their business in the United States because the United States does not account for a large amount of business. As far as Hong Kong is concerned, the manufacturing industry accounts for a small proportion of the entire GDP, and Hong Kong exports very few products to the United States. Under this circumstance, its impact on Hong Kong is minimal.
[Explanation] Wu Hongbin said that the so-called "preferential" measures that the United States has given to Hong Kong in the past are actually just to maintain a good cooperative relationship. The quality of business depends on the quality of the products and market demand, and the impact of the US "sanctions" measures is limited. However, the number of US companies in Hong Kong is huge, and I believe that the relevant actions of the US government are not what American businesses like.
[Concurrent] Wu Hongbin, Chairman of the Chinese Manufacturers' Association of Hong Kong
Since trade frictions arose two years ago, they have already known. The overall impact on Hong Kong's economy is not great, but the number of US companies in Hong Kong is quite large. This is not a single impact. In fact, if it continues to evolve, it will hurt both sides. Many companies in the United States may need to have some problems. Are these problems the American business community happy to see?
[Explanation] Wu Hongbin believes that the essence of the Chinese is that harmony is the most important thing, and so is business. A stable political environment and good social security are important criteria for businessmen to choose to invest here. Recently, Hong Kong’s National Security Law came into effect in Hong Kong. Wu Hongbin said that Hong Kong’s business community strongly supports this and welcomes it, and is confident in Hong Kong’s future economy. He hopes that the United States will stop using "Hong Kong" as a game and let Hong Kong return to its normal business environment.
[Concurrent] Wu Hongbin, Chairman of the Chinese Manufacturers' Association of Hong Kong
The nature of the Chinese is like this. They are more valued by harmony, and they are also personal. They do not want to cause trouble and deliberately provoke. In the past, Hong Kong people basically did not involve any politics when doing business, and they didn't want to. They were just happy to do more business, earn a little more money, and raise a good family. (Hope the US government) Don't use Hong Kong as a pawn to put Hong Kong in an awkward position.
Reporter Chen Anyi Zhu Aili reports from Hong Kong
Editor in charge: [Yu Xiao]