Financial News
Written by: Liu Shaolan
2021-06-20 13:06
Last update date: 2021-06-20 13:07
Chief Executive Carrie Lam said in a video speech at the "Phoenix.com" Finance Summit that although Hong Kong has experienced unprecedented severe challenges in the past two years, after implementing the "Hong Kong National Security Law" and improving Hong Kong's election system, the implementation of "One Country, Two Systems" has returned. On the right track, a new game will be opened for the further development of Hong Kong.
She emphasized that the past two years have fully demonstrated that Hong Kong can withstand storms and that Hong Kong's "golden name card" as an international financial center has not been damaged in the slightest.
She said that Hong Kong's robust and mature regulatory system and rigorous risk management measures have enabled Hong Kong's financial system to show extraordinary resilience and stability during difficult times.
She emphasized that the current SAR government has also taken the initiative to promote the development of the financial industry with policies, tax concessions and appropriate financial investment. Among them, the Legislative Council has passed 7 bills in the past two legislative years to promote the securities, insurance, and insurance industries. The development of asset management and the MPF system shows that the SAR government has done something.
She also added that Hong Kong has never been absent in the country's reform and opening up process, providing funds, technology and talents for the country's development.
Hong Kong can play a key role in many aspects of the country’s financial development, including facilitating the internationalization of the renminbi, providing reliable and diversified financing services for mainland enterprises, providing berthing and management services for mainland funds outside the country, and playing the role of a risk management center. Function etc.
Carrie Lam Hong Kong Economy