[Fugitives Regulations] Chen Maobo Worries International Investors Fail to Get Out of Violence

Social News

Written by: Huang Weilun

2019-12-15 11:57

The anti-revision storm has lasted for more than half a year. The Financial Secretary, Chen Maobo, published a blog today (15th), saying that the society has not shaken off the "haze of violence and paralysis," and he is worried about some international investors who originally intended to invest in Hong Kong or expand their business. Will lose patience and move to other cities in the region or the Mainland to start or expand business.

Chen Maobo also said that China-US relations will remain volatile for a long time to come, which will bring fluctuations to the global economy and financial markets. He said that in response to the changing external environment and uneasy local conditions, the direction of the next year's budget is still to "support enterprises and protect employment."

Chen Maobo expressed concern that some international investors who originally intended to invest or expand their business in Hong Kong would lose their patience and move to the region or other cities in the Mainland to develop or expand their business. (Profile picture)

Chen: Global economy still fluctuates in the future

Chen Maobo published his blog today under the title of "Buzzing ... Comments". He said that although China and the United States have recently reached a consensus on the text of the first phase of the trade agreement and brought positive information to the market, in the past two years, the attitude of the United States to unilateralism and the containment of China in science and technology and other aspects, it is estimated that "China and the United States The relationship will still fluctuate for a long time to come. "This will cause fluctuations in the global economy and financial markets.

Chen Maobo said that Hong Kong society has not yet "extricated itself from the haze of violence and paralysis in the past months". If the global economy grows faster than expected next year, some international investors who originally planned to come to Hong Kong to invest or expand their business may lose their patience and wait for Hong Kong to recover. Moving to other cities in the region or in the Mainland to conduct business has a long-term impact on Hong Kong. He continued that hosting some large-scale international conferences, exhibitions and events is Hong Kong ’s strong point, but if social unrest moves hosting rights to other cities, Hong Kong not only loses the potential gains of the past six months or next year, but also the hosting rights are gone forever risks of.

Budget will "support enterprises to secure employment"

The budget will be announced at the end of February next year. Chen Maobo said that due to the external environment and local conditions, the basic direction of the budget is still "supporting enterprises and protecting employment", and the government must "vibrate the economy and relieve the people." He also mentioned that this year's promotional video added a "four-eyed little bee" with a tie, hoping to gather opinions to help prepare the budget.

A budget promotional video adds a four-eyed bee with a tie. (Screenshot of the publicity television briefing on the Budget)

Chen Maobo: Demonstration affects Hong Kong's economy, hopes dialogue helps society restore stability

[Budget] The Liberal Party meets the wealthy and advocates that the whole people send 10,000 yuan in cash or coupons

Chen Maobo: The budget announced on February 26 next year will collect citizens' opinions tomorrow

Chen Maobo's Anti-Revision Demonstration Demonstrates Sino-US Trade War Budget