Hong Kong General Chamber of Commerce: No apparent divestment in Hong Kong, hoping to clear customs with the mainland and foreign countries as soon as possible

Leung Shau Kee, President of the Hong Kong General Chamber of Commerce, pointed out in a radio program this morning (26th) that a series of political and economic turmoil in the past had hit Hong Kong's image or goodwill, but said that Hong Kong's business environment has not changed much. There has been no apparent divestment or other action to leave Hong Kong.”

Regarding the quarantine policy, Leung Shau-kee described that the current policy hinders Hong Kong from playing its role in international commerce and trade. At present, both foreign and mainland enterprises want to relax the requirements.

He said that the business community wants to choose places with free entry and exit to do business, and Hong Kong's past freedom of entry and exit was also one of its advantages, which is very important for short-term business activities. Foreign customs clearance."

Leung Shau Kee, President of the Hong Kong General Chamber of Commerce.

(file picture)

Leung Shau Kee said that in the past 25 years, Hong Kong's capitalism, private property rights system, and free market economy have not changed. He also pointed out that the government's intervention has not increased due to the return. The current policy intervention is smaller than that of the West, so he believes that it can be played to one country, two systems. features.

He also pointed out that Hong Kong has experienced many storms in the past, such as the Asian financial turmoil, SARS, the financial tsunami, the new crown pneumonia epidemic, etc., but the financial system is still sound, and there is no economic collapse due to it.

▼On June 21, the BA.2.12.1 epidemic broke out in Shau Keiwan▼

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Without industrial policy support, the economic strength is not as good as that of cities at the same level

For many people's description of "Hong Kong is dead", Leung Shau-kee believes that after 1997, Hong Kong's independent status in international organizations has instead strengthened, and the market can remain fair and open, so the business environment remains good.

However, he said that there is no industrial policy support in Hong Kong, so Hong Kong's economy is inclined to the financial industry. However, because the financial sector cannot cover the entire economy and industry, he described it as not ideal, making Hong Kong's economic strength inferior to other cities of the same level, such as Singapore.

He explained that there is currently no policy coordination for re-industrialization and cutting-edge industrial production. Therefore, all scientific research in Hong Kong relies on "doing it yourself", which has caused Hong Kong's economic growth to lag behind others in the past 25 years.

He also pointed out that talent is one of the lifeblood of Hong Kong, and there are also many talents in the mainland. I believe that after coming to Hong Kong, they can help Hong Kong a lot.

However, he admitted that the current "policies are relatively tight". Except for higher-level positions, or areas involving financial and professional services, there is less participation of local talents from all walks of life, especially in innovation and technology.

He emphasized that the population growth in Hong Kong is slow, so Hong Kong's policy should attract more talents from outside or from the mainland to come to Hong Kong. He believes that the next government will focus on solving the problem of talent growth.

▼On June 22, Hong Kong's first Japanese tour group set off under the epidemic▼

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Continued U.S.-China political spat forces companies to diversify their investments

When asked about the impact on Hong Kong such as the Sino-US wrestling, the National Security Law and the change of the electoral system, Leung admitted that a series of political and economic turmoil in the past had damaged Hong Kong's image or goodwill, but said that Hong Kong's business environment has not changed much, " There is no apparent divestment from Hong Kong, or other actions to withdraw from Hong Kong.”

However, he said that because of the ongoing political disputes between China and the United States, and even the emergence of economic sanctions, companies do need to diversify their operations and investments. Therefore, companies are still based in Hong Kong, but they need to have backup plans. He described it as a natural deployment of the business community. damage to the overall economy of Hong Kong.

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