Social News
Written by: Lin Jian
2020-12-02 10:49
Last update date: 2020-12-02 10:50
Cable Broadband laid off 100 employees yesterday (December 1). Among them, about 40 people were laid off in the news channel, including Hong Kong news, finance, photographers, editing and other categories. It is regarded as one of the flagship programs of "News Needle" The entire group of reporters was fired and several editors and editors resigned to protest. The incident triggered social concerns about press freedom.
The Secretary for Financial Services and the Treasury, Xu Zhengyu, attended the Commercial Channel program today (December 2) and responded that he was not worried that the incident would affect investors’ confidence in Hong Kong, and emphasized Hong Kong’s existing advantages such as free flow of information and financial regulatory system. None are damaged.
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"Money has no color"
The moderator asked whether the large-scale layoffs of the cable would damage the perception of freedom of information flow in Hong Kong and affect the stability of the entire financial system.
Xu Zhengyu said that in recent months, he has attended international conferences and communicated with consulates of many countries and people in the banking and securities industry. All he heard are that everyone still agrees that the inherent advantages of Hong Kong’s financial industry and investment environment are still there, including the financial regulatory system and sound The legal system, etc., are not worried that this incident will affect the freedom of information flow and investors' confidence in Hong Kong.
He believes that cable layoffs are due to economic and other factors, and the staffing arrangements are made.
Xu Zhengyu also pointed out that the most important thing for Hong Kong's economic development is how to seize the development opportunities of the Greater Bay Area and China, and assist investors from different places to invest in the Mainland.
He pointed out that "money does not distinguish between colors." As long as there are enough economic opportunities, it can attract investment.
Since overseas investors are familiar with Hong Kong's legal system, Hong Kong can use its advantages in this regard to "bring the world to the country."
Xu Zhengyu, Secretary for Financial Services and the Treasury.
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Secretary for Financial Services and the Treasury
