Political situation
Author: Zheng Rongdi
2020-06-19 11:33
Last update date: 2020-06-19 11:33Ren Zhigang, the former president of the HKMA and a member of the Executive Council, revealed in an exclusive interview with "Cable News" that when he first heard the news that the Central Government had enacted the "National Security Act in the Minato District," the first thought was "Thank you, Lord, it's really good, Hong Kong society The turbulent period of time has a chance to end."
There are allegations that the United States plans to severely impose sanctions on China. Actions include prohibiting Chinese banks from using the information system of the Global Banking Financial Telecommunications Association (SWIFT) so that Chinese banks cannot trade dollars.
Ren Zhigang pointed out that the SWIFT platform is held by a Belgian company, and the US as a shareholder is only a user. "It's not the US government's words. Don't use it if you use it." He also said that the United States, as the world’s largest debtor country, questioning its restrictions on the market investment activities of the world’s largest creditors and the use of its currency system are tantamount to throwing stones at its feet.
Ren Zhigang has publicly emphasized many times in the past that the National Security Law of the Hong Kong District will not affect the status of Hong Kong’s international financial center. . He once pointed out that after the National People's Congress announced that it had reviewed the national security laws of the port area, the market responded because they failed to learn the details of the legislation, and some people with ulterior motives tried to use publicity efforts to attack the status of Hong Kong's financial center.
Ren Zhigang is full of confidence in the United Exchange System, saying that gambling decouplers will lose their hands as before.
[Hong Kong version of National Security Law] Ren Zhigang supports legislation: helps to consolidate Hong Kong’s status as an international financial center
Hong Kong version of National Security Act Ren Zhigang Swift US sanctions