Political situation
Written by Peng Zhuowei
2020-06-06 21:32
Date of last update: 2020-06-06 21:32Chief Executive Lin Zhengyue said that he noted that the Hang Seng Index closed at 24,770 points yesterday. Not only has it recovered the "land loss" after the National People's Congress announced the "Minato City National Security Law", it is also the highest level in three months.
Lin Zheng said today (6th) on Facebook that after the National People’s Congress has maintained Hong Kong’s national security legislation, Hong Kong’s public security and social environment will return to stability. Hong Kong, Hong Kong's status as an international financial center will be further improved.
Lin Zhengyue said that noting that the Hang Seng Index closed at 24,770 points yesterday, it not only recovered the "land loss" after the National People's Congress announced the "National Security Act of the Minato City", but also the highest level in three months. (Profile picture)
Lin Zheng said that some people say that the Hang Seng Index is Hong Kong's "cold heat meter." Its large fluctuations often reflect not only economic conditions, but also political and social status. On May 22, when the National People's Congress announced that it authorized the Standing Committee of the National People's Congress to formulate the National Security Law of the Hong Kong District, the Hang Seng Index dropped 1400 points. She recalled that when a reporter at the press conference asked her how to evaluate the impact of the move on the financial market, she responded to the fluctuations in the financial market and the stock market's ups and downs. The most important thing is that the system is healthy.
Lin Zheng said that noting that the Hang Seng Index closed at 24,770 points yesterday, not only has it recovered the "land loss" after the NPC announcement, but it has also been the highest level in three months. In addition, successive Chinese stocks returned to Hong Kong for second listing; biotech companies used Hong Kong as a financing platform; the Purchasing Managers Index (PMI) rebounded in May and hit a 4-month high; Hong Kong’s deposits remained stable, and there was no significant outflow of Hong Kong dollars Or banking system, etc.
She also said that the Central People's Government also supports Hong Kong's status as an international financial center. The People's Bank of China, the China Banking Regulatory Commission and the China Securities Regulatory Commission have all voiced their support. The Opinions on the Construction of the Greater Bay Area of Hong Kong and Macau, many of which are conducive to Hong Kong’s consolidation of offshore RMB, insurance, financing and wealth management businesses. Lin Zheng emphasized that all of the above shows that Hong Kong has a stable system and excellent conditions that can withstand the storm.
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