China News Agency, Beijing, July 8th (Reporter Chen Xiaoyuan) Hong Kong’s National Security Law has been implemented for its first anniversary. Well-known mainland Hong Kong-related research experts such as Guo Wanda and Chen Guanghan said in an exclusive interview with a reporter from China News Agency on the 8th that Hong Kong’s society has returned to stability. The confidence of the market and investors has been enhanced, and Hong Kong's position as an international financial center is firmly established.
Guo Wanda, executive vice president of the China (Shenzhen) Comprehensive Development Research Institute, analyzed the main data of Hong Kong's economic development for reporters and pointed out that since the first quarter of this year, Hong Kong's GDP, total income of local residents, imports and exports have all increased significantly.
This shows that since the implementation of the Hong Kong National Security Law, social stability has been restored, the market and investor confidence have been improved, and it has brought a positive impact on Hong Kong's economic development.
Regarding Western politicians and media claiming that Hong Kong's status as an international financial center has been compromised, Guo Wanda believes that "this is to see Hong Kong with colored glasses."
According to his analysis, in the past year, Hong Kong has maintained a net inflow of funds on the whole, and housing prices have not fluctuated significantly. Last year's financing amount ranked second in the world, indicating that investors have confidence in Hong Kong.
Guo Wanda said that in the global financial center index rankings published twice a year by the British think tank Z/Yen and the China (Shenzhen) Comprehensive Development Research Institute, Hong Kong rose from sixth in March last year and fifth in September last year to this year. The fourth of March.
He pointed out that Hong Kong's position as a global RMB offshore center is very stable, and the number of companies and scales engaged in wealth management are increasing, which shows that Hong Kong's advantages as an international financial center are still there.
"Since the implementation of the Hong Kong National Security Law, social stability and city safety. The advantages of low tax system, free port and rule of law make Hong Kong one of the best cities in the world for business environment." Guo Wanda said.
He also pointed out that national sovereignty, security, and development interests are guaranteed in the SAR, and that social stability will also help Hong Kong solve deep-seated problems.
Chen Guanghan, chief expert and professor of the Guangdong-Hong Kong-Macao Development Research Institute of Sun Yat-sen University, said that although the new crown epidemic has caused the overall economic downturn, Hong Kong's financial industry has maintained a good momentum of development.
Since the beginning of this year, international investment banks and financial institutions such as Goldman Sachs, Citi, UBS have expanded their staff in Hong Kong, showing their recognition of Hong Kong as an international financial center.
Chen Guanghan believes that the continuous economic growth of the Mainland and the continuous opening of the financial industry are a strong backing for the development of Hong Kong's financial industry.
As the world's second largest economy, China has maintained a relatively rapid economic growth rate, laying a solid foundation for the development of Hong Kong's financial industry.
Under "One Country, Two Systems", Hong Kong's status and functions as an international financial center will be further strengthened. Hong Kong's functions as a global offshore RMB business hub, an international asset management center, a risk management center, and a "Belt and Road" investment and financing platform will be enhanced.
He analyzed that Hong Kong has good conditions for financial development in terms of legal system, taxation system, free flow of capital, financial infrastructure, business environment and financial talents.
In recent years, Hong Kong has also introduced a series of innovative measures in the development of the capital market and financial management system, consolidating and enhancing its status as an international financial center.
Chen Guanghan also said that the implementation of the Hong Kong National Security Law has restored social stability and is beneficial to the development of the financial industry.
The central government adheres to the comprehensive and accurate implementation of the "One Country, Two Systems" policy, promotes the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, and expands opening to the outside world, which has strengthened the confidence of international banks and financial institutions in Hong Kong.
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