Hong Kong SAR chief executive Carrie Lam said on the 30th that Hong Kong has the support of the central government and has unique advantages in the financial field. Both overseas investors and citizens should have confidence in Hong Kong. Mrs Lam held an anti epidemic press conference on the same day, attended by Xu Zhengyu, Secretary for financial services and the Treasury of the SAR government. Lin zhengyue'e said that although the strict import measures of foreign prevention affect the confidence of foreign investment, in order to avoid Hong Kong becoming a gap in epidemic prevention, the SAR government must adhere to the implementation of relevant epidemic prevention measures. She believes that foreign investment's confidence in Hong Kong should not be short-lived or overnight. At present, no economy or city can have central support in the financial field like Hong Kong. Foreign investment's confidence should be based on Hong Kong itself, "one country, two systems" and the central government's attitude towards Hong Kong. I believe foreign investment can see that Hong Kong is still a place to make money. She said that after the epidemic eased, the SAR government took a series of measures in a short time, including announcing the cancellation of the "circuit breaker mechanism" for flights from nine countries on March 21, adding some quarantine hotel rooms, and straightening out the "circuit breaker mechanism" for airline flights or routes, so as to slightly resume the exchanges of overseas personnel. She said that the most important thing is that Hong Kong can maintain its traditional advantages and believe that Hong Kong can have better development after the epidemic has passed. Xu Zhengyu said at the meeting that Hong Kong's financial market under the epidemic is operating in an orderly manner, and investment, financing and trading activities are still active. Since March, the average daily turnover of the stock market has been about 180 billion Hong Kong dollars, while the average daily turnover of Shanghai Shenzhen Hong Kong stock connect in the north and South has exceeded 100 billion yuan and 42 billion Hong Kong dollars, all close to or higher than the figures in the fourth quarter of last year. This shows that Hong Kong, as an international financial center, still operates efficiently and provides necessary key financial services such as investment and financing, pricing and risk management for national and global participants. Xu Zhengyu pointed out that various risk events have occurred in the global market recently. The Hong Kong market has shown strong resilience and stable foundation. There are no problems or systemic risks in important links such as trading, settlement and payment. Hong Kong's current foreign exchange reserves account for more than 130% of GDP and nearly 1.8 times the monetary base of the Hong Kong dollar. They are the "sea god needle" for Hong Kong's monetary and financial stability. In the face of the impact of the epidemic or other macro risk events, Hong Kong has full confidence in maintaining monetary and financial stability. He said that in the current fight against the epidemic, we will adhere to financial stability and continue to provide support to the industry. We will also look to the future, constantly consider and implement more measures conducive to the development of the industry, consolidate and cultivate Hong Kong's financial talent pool, and promote Hong Kong's financial development to a higher level. (Xinhua News Agency)
Edit：He Chuanning Responsible editor：Su Suiyue
Source：Xinhua
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