Christopher Hui responds to US claims, affirms business confidence

Christopher Hui, the Secretary for Financial Services and the Treasury, strongly rebutted recent claims by various U.S. government departments in their so-called "updated business warnings" regarding Hong Kong's legal system and business environment. He described these allegations as misleading and false, aimed at inciting panic.

In a radio program today (September 8), Hui emphasized that Hong Kong should confidently and robustly counter these warnings. He noted that the business community remains confident in Hong Kong's social situation and future prospects following the implementation of the National Security Law, asserting that the so-called risks are merely unfounded conjectures.

Hui pointed out that Hong Kong hosts significant events and invites international guests. For instance, the city will hold the fifth Conference of Belt and Road Initiative Tax Administration Cooperation Forum in 2024 this month, inviting tax officials from countries along the Belt and Road Initiative, with over 300 confirmed representatives. Additionally, a FinTech Investment Summit is scheduled for November, and the Asian Financial Forum will take place in January next year. He highlighted that there have been no difficulties in extending invitations, showcasing Hong Kong's ongoing attractiveness.

Furthermore, Hui mentioned his recent visits to Europe and the U.S. and plans for future trips. The Financial Secretary and the Secretary for Commerce and Economic Development are also actively visiting various countries, demonstrating the proactive approach of the Hong Kong Special Administrative Region government in promoting the city's advantages.

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