China News Service, Beijing, September 27th, title: National Security Law and perfect selection system help Hong Kong's position as an international financial center to stabilize

　　China News Agency reporter Chen Xiaoyuan

　　The latest issue of the "Global Financial Center Index Report" released recently shows that Hong Kong's ranking has risen one place to third from March this year.

This is the third consecutive time that Hong Kong has improved its rankings since the implementation of the Hong Kong National Security Law, which shows that as the social stability of the SAR is restored, investor confidence continues to increase, and its status as an international financial center is solid.

　　This index report is released by the British think tank Z/Yen Group and China (Shenzhen) Comprehensive Development Research Institute in March and September each year, and ranks according to indicators such as the business environment and the level of financial industry development.

Hong Kong, which has been ranked third for a long time, was previously affected by the "regulation turmoil" and "dark storms". In March 2020, the ranking once fell to sixth.

　　Since the return of Hong Kong, some American and Western countries have tried to use interference in Hong Kong affairs to contain China's development. In recent years, Hong Kong has been frequently criticized.

Even after the implementation of Hong Kong's National Security Law, it also concocted so-called "commercial warnings" to discredit Hong Kong's business environment and declared that Hong Kong's status as an international financial center was not guaranteed.

　　But in fact, since the implementation of the Hong Kong National Security Law, the SAR has changed from chaos to governance.

With the completion of the work of improving the electoral system, people from all walks of life are looking forward to the governance and prosperity of Hong Kong.

In the past year or so, Hong Kong has maintained a net inflow of funds as a whole, and the total amount of IPOs still ranks among the top in the world.

Since the beginning of this year, international investment banks and financial institutions such as Goldman Sachs and Citigroup have expanded their staff in Hong Kong.

　　There are various signs that investors' confidence in Hong Kong's business environment and the status of an international financial center is increasing.

The ranking of Hong Kong in the recent three periods of the Global Financial Center Index has also risen from fifth and fourth to third. The U-shaped curve reflects the new atmosphere of the SAR.

　　The hard-won status of Hong Kong as an international financial center is the result of the hard work of generations of Hong Kong people.

At the same time, the continuous economic growth of the Mainland and the deepening of the country's reform and opening up have also provided a strong backing for the development of Hong Kong's financial industry.

　　At present, the "14th Five-Year Plan" and the 2035 long-term goal outline clearly support Hong Kong to enhance its status as an international financial center, strengthen the functions of a global offshore RMB business hub, an international asset management center and a risk management center, and deepen and expand the financial markets of the Mainland, Hong Kong and Macau. Interconnection and so on have brought huge opportunities for the development of Hong Kong's financial industry.

　　A stable social environment is an important foundation for consolidating and enhancing the status of an international financial center. All sectors of Hong Kong should cherish and maintain it together.

In the process of transforming the SAR from chaos to governance, from governance to prosperity, all walks of life must be prepared for danger in times of peace.

　　With the smooth launch of the Guangdong-Hong Kong-Macao Greater Bay Area "Cross-border Wealth Management Link" and the Bond Connect "Southbound Link", observers believe that to seize the opportunities of the country's deepening of reform and opening up, the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, and the "One Belt One Road" initiative, Hong Kong The financial industry will usher in better development, and the status of the international financial center will be more stable.

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