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

Abstract : 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.

Carrie Lam, chief
executive of China’s Hong Kong Special Administrative Region (HKSAR),
speaks at a press conference in south China’s Hong Kong, May 25, 2021.
Carrie Lam said on Tuesday that there is no obvious capital outflow
witnessed in Hong Kong. (Xinhua/Lui Siu Wai)

HONG KONG, May 25 (Xinhua) — 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.
Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

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

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