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Written by: Hu Jiaxin
2019-12-04 09:48
Last updated: 2019-12-04 09:48Luo Jiacong, former chief economist of the Bank of Communications Hong Kong Branch, known as the "Doctor of Doom" in Hong Kong, recently accepted an international media interview after leaving office in October, stating that "Hong Kong people are not suitable to speak on behalf of Chinese banks."
In an interview with the commercial Taiwanese program "Departure on a Sunny Day" this morning, Luo Jiacong said that the main reason for leaving was that he felt that the space for comment in Hong Kong was becoming narrower and narrower. "He used to do it but he did it according to his family." For example, before leaving For one week, the company has not allowed him to accept unscheduled media interviews, and employees of other Chinese companies have similar situations, reflecting that it is not a separate issue.
Luo Jiacong, former chief economist of the Bank of Communications Hong Kong Branch, known as the "Doctor of Doom" in Hong Kong, recently accepted international media interviews after leaving office in October, stating that capitalists consider that "Hong Kong people speaking on behalf of Chinese banks is not appropriate." (Photo by Yu Junliang)
Asked not to mention capital outflows
The anti-revision storm continued for nearly six months. He pointed out that the entire bank's comments on the anti-revision storm incident were almost silenced. According to data analysis earlier, SARS's economic impact in 2003 was greater than the current anti-revision incident. But everyone knows the company's "relevant" comments; even if it is pointed out that there is no flow of funds, they are asked not to mention, "but financial markets can not be discussed? This is information and circulation."
Chief Executive Lin Zheng Yue'e said yesterday, "Is the freedom of the people of Hong Kong abraded?" The Luo family pointed out, "If a person keeps his eyes open and talks loudly, everyone laughs after listening."
Bank of Communications is one of the five largest banks in China and has a long history in Hong Kong. (Photo / Photo by Ou Jiale)
Financial institutions no longer hire Hong Kong people
Luo Jiacong accepted an interview with the Financial Times yesterday, pointing out that his personal experience in Bank of Communications was small, reflecting the change in the strategy of Chinese banks in Hong Kong, and gradually avoid hiring local young people. The report also quoted senior financial institutions as being frightened of hiring people to participate in recent demonstrations. There are even unwritten rules within companies that no longer hire Hong Kong people.
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