The Secretary for Financial Services and the Treasury, Christopher Hui, said in a radio program today (April 13) that Hong Kong's financial system has been through the Asian financial turmoil, etc., and the entire financial system has been strengthened. Hong Kong has to continue to find new growth points in the chaotic times, and actively develop the product market to help the market diversify risks, and Hong Kong's financial system can withstand the risks, and have the strength and confidence to ensure the smooth operation of the overall market, and confidence that as long as Hong Kong maintains its original advantages, it will be "unbeatable".
Hui met the media and answered reporters' questions after attending the radio broadcast. On the question of whether the predicted stability of Hong Kong's financial and stock markets would be sufficient to cope with the situation, he said that the tariff war would not only have a local impact, but also a global and regional impact at different levels. On the other hand, the overall financial market in Hong Kong is quite stable, with smooth transactions in the stock and foreign exchange markets. At the same time, the regulators have real-time monitoring of both the on-market and off-market markets to ensure that risks are effectively identified and managed. Hui emphasized that there is no need to worry too much in this regard.
As for the company's relocation system to be launched in May, Hui said that under the relatively chaotic global political and economic situation, different organizations would like to diversify their existing businesses. From this point of view, the authorities are looking forward to the implementation of the company relocation system in May, after which different enterprises will move their businesses, which may have been registered overseas, to Hong Kong for registration, so that more enterprises can make good use of Hong Kong's financial and professional services to expand their businesses.
As to the question of whether the tariff measures would affect the confidence of overseas investors or overseas companies in coming to Hong Kong, Hui emphasized that Hong Kong's strengths have always been that it is a free port, and at the same time, it is also a stable, safe and highly predictable economic city. He said that these advantages should be continuously cultivated and to continue to give full play to the unique advantages of Hong Kong under the "one country, two systems".
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