2024-06-09 04:18:25
Former Monetary Secretary John Tsang mentioned right now (ninth) that Hong Kong’s financial prospects aren’t clear, however “China relations will be improved.” He believes that Hong Kong should proceed to develop into a special Chinese language metropolis. Ultimately, it’s all regarding rebuilding everybody’s confidence in Hong Kong. For instance, he should make clear the pink strains of the legislation, “so that everybody won’t fear regarding breaking this legislation or that legislation.” , when the worldwide group regains its confidence in Hong Kong, it ought to strengthen publicity to the skin world, particularly specializing in Hong Kong’s strengths akin to commerce and logistics.
The tempo of Hong Kong’s post-epidemic financial restoration will not be as anticipated, however Center Jap international locations are rising their curiosity in Hong Kong
Tsang Jun-wa mentioned in his weblog that though the tempo of Hong Kong’s post-epidemic financial restoration will not be as anticipated, with Hong Kong’s worldwide place and even when European and American insurance policies in direction of Hong Kong and the nation have modified, international locations from the Center East, South America and even Africa have , quite the opposite, the curiosity in investing in Hong Kong has elevated. The so-called risks even have alternatives.
Earlier, he met with an individual answerable for asset administration and funding on the Qatar Royal Household Workplace. His workplace is situated in Doha and has not invested within the Asian market for a few years. The opposite social gathering requested that since “one nation, two programs” continues to implement capitalism, it is necessary for Hong Kong. Why not declare that “one nation, two programs” can be applied completely in Hong Kong and not using a deadline of 2047? Tsang mentioned he logically agrees with this concept and hopes that the nation can get rid of exterior doubts regarding Hong Kong’s future positioning and make strategic concerns.
Tsang Jun-wa: Hong Kong’s financial outlook is unsure, however “China relations will be developed”
Tsang Jun-wa additionally mentioned that Hong Kong’s present financial prospects aren’t very clear, however Hong Kong “can develop its financial relations.” A number of days in the past, he acquired along with economist Roach who was visiting Hong Kong. He was the chairman of Morgan Stanley Asia through the time of Chief Govt Donald Tsang. After the monetary tsunami, he was invited to function a member of the Financial Alternatives Committee, and he participated in solutions for Hong Kong to advertise the event of six main industries. He mentioned that everybody unanimously believes that Hong Kong should proceed to develop into a special Chinese language metropolis, which is the best way for Hong Kong to outlive. “If Hong Kong can proceed to develop into China’s distinctive worldwide monetary middle, this won’t solely be good for Hong Kong, but in addition It’s good for the nation.”
Tsang Jun-wa proposes a transfer to avoid wasting Hong Kong’s financial system and advocates clear authorized pink strains: Don’t be concerned regarding breaking the legislation.
Nevertheless, Tsang mentioned that to ensure that Hong Kong to keep up its standing as a global monetary middle slightly than a “heritage web site”, one factor have to be made clear. “Ultimately, it’s all regarding rebuilding everybody’s confidence on this place, akin to clarifying the pink strains of the legislation. “Let everybody not fear regarding violating this or that legislation.” He mentioned that when the worldwide group regains its confidence in Hong Kong, it ought to strengthen exterior publicity, particularly specializing in commerce and logistics, which is Hong Kong’s energy, and try for extra worldwide routes. In Hong Kong, extra worldwide transport corporations’ vessels will dock at Hong Kong’s container terminals, which can naturally enhance the general financial system. In any other case, it’ll simply be fine-tuning and minor repairs, which can have restricted impact.
He mentioned that Hong Kong is exactly in the course of the wrestle between the 2 international locations and has naturally develop into the social gathering underneath strain. He hopes that the nation may give Hong Kong extra space, preserve a sure distance from the whirlpool, and play a larger function for the nation.
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