Political situation
Written by: Luo Jiaqing
2020-06-01 16:17
Date of last update: 2020-06-01 16:18The National People's Congress passed the "Hong Kong version of the National Security Law" on Friday (28th). US President Trump criticized China at a press conference for turning "one country, two systems" into "one country, one system" and announced that special treatment for Hong Kong would be cancelled 1. Sanctions for officials who weaken Hong Kong’s autonomy.
The Financial Secretary Chen Maobo met with reporters at the Legislative Council today (1st). He talked about US sanctions on Hong Kong and had little impact on the economy. He stressed that the government has the ability to defend the linked exchange rate. However, when he spoke, his eyes were red, and he was photographed with tears in the corners of his eyes, which immediately caused heated discussion.
The Financial Secretary’s press secretary clarified in response that Chen Maobo did not shed tears at the time, pointing out that the Financial Secretary is busy on business and often lacks sleep, which may affect his eye condition.
Chen Maobo's eyes were red when he spoke, and he was even filmed with tears in the corners of his eyes, which immediately attracted heated discussion from the outside world. (Photo by Zhang Haowei)
Chen Maobo later said on Facebook that "the tears in his eyes" were just a misunderstanding. After attending the committee of the Legislative Council, he was interviewed by reporters in Midou. Seems to have "tears"."
Cai Ye pointed out that for people who have to look at the documents frequently and not enough, "eye protection is indeed very important, don't take it lightly", and thank you for your concern. At the end of the article, he hashtags "Introduction of No Eye Potion", "Will Hong Kong people have enough eyes?", "Life has a limitless amount of documents", "Being weeping" and other words.
[Hong Kong version of National Security Law] Chen Maobo said that the HKMA and the People’s Bank of China reached an exchange agreement between Hong Kong dollar and US dollar last year
[Hong Kong version of the National Security Law] Chen Maobo said that Hong Kong does not require the consent of the United States to implement the linked exchange rate system
Hong Kong version of the National Security Law｜Chen Maobo: The National Security Law facilitates business implementation of the linked exchange rate without the need for US consent
Hong Kong version of the National Security Law｜Chen Maobo: U.S. sanctions temporarily affect limited and counter-profit US interests
Chen Maobo denied tearing, just lack of sleep. (Chen Maobo Facebook screenshot)
When Chen Maobo met the reporter, he mentioned that the "Hong Kong version of the National Security Law" legislation is necessary and urgent, emphasizing that legislation will help improve the business environment in Hong Kong, and will help strengthen Hong Kong's position as an international financial center in the long run. He also pointed out that the sanctions provoked by the United States through the legislation of the "Hong Kong version of the National Security Law" have caused some interference in the market, but the actual impact is limited, and he believes that there is no need to overreact to the measures.
Chen Maobo also said at the Financial Affairs Committee meeting that there are untrue rumors about foreign exchange control in the market, reiterating that the government will not implement foreign exchange control policies to protect the flow of funds and freedom of entry and exit. The HKMA and banks also reported that there has been no significant outflow of funds in the past week.
Hong Kong version of National Security Act Chen Maobo US sanctions
