Political situation
Written by: Wen Weiguang
2021-05-16 21:12
Last update date: 2021-05-16 21:12
The government broadcasted the latest two episodes of "Overview of Election Committee Subsectors". Chief Executive Carrie Lam Cheng Yuet-ngor continued to talk with people in different Election Committee subsectors.
In one episode of the financial industry, Lam Cheng continued to praise Hong Kong as an international financial center and played a unique role in the country. He also took the opportunity to refute overseas politicians and the media. He pointed out that after the enactment of the National Security Law and the reform of the electoral system, Immigration and outflow of funds Such statements are not true. On the contrary, the amount of deposits and personal wealth in Hong Kong are increasing.
Said with a smile that the banking sector "will not mind" the election committee is reduced by 1
In the latest two episodes, Lam Cheng invited Guan Baihao, former chairman of the Hong Kong Retail Management Association, and Gong Yang Enci, vice president of Bank of China Hong Kong, to interviews.
In the conversation with Kung Yang Enci, Lam Cheng stated that after the election system is revised, the banking sector will be the same as many other sub-sectors in the first sector. The seats will be reduced from 18 to 17 seats. However, he said with a smile that he believes that the banking sector "will not. Mind", because now that the 300 seats of the General Election Committee of the Industrial and Commercial and Financial Sectors remain unchanged, the number of seats for small and medium enterprises must be increased. Only one seat will be taken from the existing sectors; Lam Cheng also talked about the importance of financial interconnection between the Mainland and Hong Kong. He praised Hong Kong as a unique international financial center, and pointed out that the country hopes to "deepen reform and opening up," and Hong Kong can play a role as a test field.
She mentioned that the central government formulated the National Security Law for Hong Kong and reformed Hong Kong’s electoral system. “It gave more or less excuses to allow overseas politicians and Western media to attack Hong Kong, saying that many of us plan to emigrate, capital outflow, and so on. In fact, this is not the case. Deposits are increasing, and what we call private wealth, AUM (by: total assets under management), is also increasing."
Lam Cheng also said "with feelings" that Hong Kong's financial supervision has always been "very legal, very standard, and very basic." The HKMA supervises financial institutions very strictly, but at the same time it will take care of their difficulties.
Gong Yang Enci agreed, saying that sometimes people will complain about too strict supervision, but often when the market is turbulent, it is because Hong Kong has very prudent supervision and financial management, which play an important role in the stability of the bank and the confidence of the public.
She also praised the government's "100% Guaranteed Personal Loan Program", saying that the market has responded positively and it can help people in need and give them one more choice.
▼Key points of the draft amendments to the election ▼
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Representatives of the retail industry spit out bitterness, saying that the industry has been deeply hit by the epidemic
On the other hand, Guan Baihao said in the program that the epidemic caused the total sales value of Hong Kong's retail industry to plummet last year, but when the story changed, he praised the government's anti-epidemic fund and employment protection plan for great help to the industry. He believed that the chief executive was willing to help. industry.
Lin Zheng expressed the hope that as the epidemic stabilizes, social distancing measures can continue to be effective, and electronic consumer vouchers can bring about a boom in consumption.
Kwan Pak-ho also immediately expressed his gratitude to the government for its consumer voucher measures, but hoped that the government could introduce it as soon as possible. Carrie Lam promised to reflect this opinion to relevant colleagues.
Guan Baihao also mentioned that rent is still the industry’s biggest headache. Between May and June last year, 20% to 40% of the rent for retail shops recovered. He praised "some landlords" for their empathy and understanding of the industry’s difficulties. However, it is still the highest in the world after the return.
He pointed out that rents accounted for 30-50% of the industry's expenditures on average. He hoped the government would help. Carrie Lam said he would start with supply.
Guan Baihao mentioned that online consumption is becoming more and more popular. Since the government intends to promote smart cities, it can also introduce more policies to encourage the industry to develop electronically and digitally.
Lam Cheng pointed out that there is also a special "distance business plan" in the Epidemic Prevention and Anti-epidemic Fund, which subsidizes shops to use more online business methods. However, the habit of shopping has some functions that cannot be completely replaced, such as Look at the design of the shops, feel the festive atmosphere, etc.
Under the new electoral system, to register as an elector for the wholesale and retail functional constituencies, a record of 3 years of operation is required.
Kwan Pak-ho welcomes this change, believing that it can ensure that voters have a correct understanding of the sector and prevent the sorting of votes.
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