HKSAR chief executive says no obvious capital outflow seen in Hong Kong


HONG KONG - Carrie Lam, chief executive of the Hong Kong Special Administrative Region (HKSAR), said on Tuesday that there is no obvious capital outflow witnessed in Hong Kong.
Lam told the media before attending an Executive Council meeting that a survey released earlier by the American Chamber of Commerce in Hong Kong said 42 percent of the companies surveyed were considering leaving Hong Kong, but the HKSAR government has not seen any significant capital outflow from Hong Kong, and the local stock and financial markets have remained stable.
Lam said that more than 9,000 enterprises from the mainland and overseas have set up offices in Hong Kong, many of which are serving as their regional headquarters. This has fully shown businesses from all over the world have confidence in Hong Kong.
Despite the impact of the COVID-19 epidemic and the previous social unrest, Hong Kong's financial market still operates well by leveraging the advantages of "one country, two systems", the rule of law, judicial independence and free flow of information, talent and capital, she said.
- Zhejiang leads in innovation, IP development
- Lotus sanctuary dazzles at wetland park in Chongqing
- Nearly 5,700 residents relocated amid heavy rain in Jizhou, Tianjin
- China to offer nationwide childcare subsidies
- China sees better air, water quality in H1
- Heavy-ion accelerator integrating into cancer treatment in China