Wang Zhenmin said that capital is the most honest: investors are not afraid of the National Security Law, but Hong Kong is still unstable after legislation

Political situation

Written by: Zhou Lixi

2021-04-18 18:11

Last update date: 2021-04-18 18:12

The "Bill for Improving the Electoral System" is being reviewed by the Legislative Council. Wang Zhenmin, director of the Hong Kong and Macau Studies Center of Tsinghua University, responded to concerns about the loss of investors caused by the reform of the election system in a relevant lecture in Beijing yesterday (17). "I emphasize that investors are not afraid of the National Security Law, but Hong Kong is still unstable after the National Security Law.

In his keynote speech, Wang Zhenmin stated that the central government’s prescriptions for the chaos in Hong Kong, whether it is enacting the National Security Law or improving the electoral system, also reflect the fact that Hong Kong has returned to the motherland and the state exercises sovereignty and governance power. The central government absolutely does not allow it. Hong Kong is controlled by external forces.

He emphasized that the central government's decisive action to improve Hong Kong's electoral system actually saved Hong Kong and saved "one country, two systems."

Wang Zhenmin, who once served as the head of the Legal Department of the Liaison Office of the Central Committee of the Communist Party of China, said that he must look beyond Hong Kong's perspective and look at Hong Kong's problems from both an international and domestic perspective.

(Information Picture/Photographed by Chen Zhuohui)

In his keynote speech, Wang Zhenmin pointed out that to reform the electoral system this time, we need to look beyond Hong Kong and look at Hong Kong from both the international and domestic overall situations.

First of all, he pointed out that last year and this year, the two sessions were still included in the Hong Kong agenda despite the shortened duration of their sessions, which shows that Hong Kong is "extremely important" to the country; and the changes in the US's China policy, including major changes in its Hong Kong policy. , In an attempt to use Hong Kong to stop China’s development.

Wang Zhenmin described the central government’s two prescriptions for Hong Kong. Whether it is the Hong Kong National Security Law or the reform of the electoral system, they are all to reflect the fact that Hong Kong has returned to the motherland and that the state exercises sovereignty and governance. He emphasizes that matters in Hong Kong are not decided by foreign countries. The person supported by the foreign country cannot be in power in Hong Kong, otherwise Hong Kong will not be recovered, or the gains and losses will be lost after recovery. Therefore, the central government will never allow Hong Kong to be controlled by external forces.

Regarding some people’s concerns that Hong Kong’s improved election system will cause the loss of Hong Kong’s capital, Wang Zhenmin said that capital is the most honest and investment is most afraid of turbulence. "Where is stable investors will go?" After the Hong Kong National Security Act, Hong Kong is still unstable. "The future Hong Kong must be a safe, democratic, free, prosperous, and open Hong Kong."

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Refers to the reform of the electoral system to enrich human democratic practice and contribute to the development and progress of human political civilization

Wang Zhenmin believes that the reform of the electoral system has four major meanings: 1. Earnestly absorb and learn from the experience and lessons of democratic development from all over the world to save Hong Kong, because many countries have introduced the democracy introduced by other countries to lead to civil wars and civil unrest in the country, the government is out of control, and the people are not living. Never allow it.

He described that since 2019, Hong Kong is getting closer and closer to this situation, so the central government has taken decisive action to revise Hong Kong’s electoral system; 2. Let Hong Kong continue to perform its normal functions and roles in the past; 3. It is conducive to Hong Kong’s realization of good governance and good governance and upholding the rule of law. To maintain Hong Kong’s long-term prosperity, stability and long-term stability; fourth, to enrich human democratic practices and contribute to the development and progress of human political civilization.

As for investment, Wang Zhenmin said that capital is the most honest, and investment is most afraid of turbulence, so investors will go wherever they are stable.

He pointed out that investors are not afraid of the National Security Law. What they fear is that Hong Kong will not be stable after the Hong Kong National Security Law, and the future of Hong Kong must be a safe, democratic, free, prosperous and open Hong Kong.

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