China News Service, Hong Kong, May 29th. The Financial Secretary of the Hong Kong Special Administrative Region Government, Chen Maobo, published a blog on the 29th, saying that the Hong Kong National Security Law safeguards the security of the country and the Hong Kong Special Administrative Region from the legal system, creates a safe and stable environment for the Hong Kong society, and contributes to the economy of Hong Kong. It provides room for development and further consolidates Hong Kong's status as an international financial center.
Chen Maobo listed data in his blog, pointing out that since the implementation of the National Security Law in Hong Kong, Hong Kong’s IPO fundraising has exceeded 650 billion yuan (HKD, the same below), an increase of more than 30% over the same period before the implementation; the average daily turnover of Hong Kong stocks has exceeded 150 billion The total value of assets and wealth management business in Hong Kong reached 34.9 trillion yuan by the end of 2020, an increase of 20% compared with that before the implementation; the recent total bank deposits reached 15.3 trillion yuan Yuan, an increase of more than 10% compared with before the implementation.
He said that the support of the state and the institutional advantages of "one country, two systems" allow Hong Kong to build a good path for future successful development through continuous efforts in the changing international environment.
Connectivity is one of Hong Kong's unique advantages, supported by the state and difficult to replicate in other markets.
From the Shanghai-Shenzhen Stock Connect, Bond Connect, mutual recognition of funds, to the ETF interconnection, which is full of expectations in the market and just announced on the 27th, it will bring new opportunities in a step-by-step manner, and gradually build Hong Kong into a platform connecting mainland and overseas funds and markets Safe pipeline.
Hong Kong is determined to further expand the breadth and depth of connectivity.
Chen Maobo said that the world is undergoing major changes unseen in a century, and the geopolitical situation continues to be tense. As a fully open international financial center, Hong Kong must make different preparations and plans for various risks, and must realize that "national security is economic development." The premise of this is that economic development is the guarantee of national security." To view the development of Hong Kong from the "overall national security concept", make preparations and plans for various defense risks with "bottom-line thinking", and establish an all-round development. Awareness, promote economic development in a diversified and balanced way, and enhance the economy's flexibility and resilience to cope with the increasingly complex external environment.
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