Implementation of national safety law in HKSAR “anchor” for Hong Kong to transform from chaos to purchase: Carrie Lam

People’s Daily Online

(Xinhua) 10:07, February 02, 2021

HONG KONG, Feb. 2 (Xinhua) — Main Executive of the Hong Kong Special Administrative Area (HKSAR) Carrie Lam has stated that the implementation of the Legislation of the People’s Republic of China on Safeguarding Countrywide Protection in the HKSAR is the “anchor” for Hong Kong to modify from chaos to buy.

Providing a video speech at an financial summit on Monday, Lam reported the National People’s Congress and its Standing Committee have solved issues for Hong Kong from the constitutional amount.

The implementation of the Constitution and the Basic Law of the HKSAR as nicely as the institution of the authorized system and the enforcement mechanisms for the HKSAR to safeguard nationwide protection have laid a stable foundation for Hong Kong to sustain lengthy-expression prosperity and balance, and endorse financial advancement.

Lam mentioned that Hong Kong is an export-oriented financial system backed by the motherland and experiencing the environment. The enhancement of the Guangdong-Hong Kong-Macao Larger Bay Spot is the best entry point for Hong Kong to integrate into the total improvement of the place which will provide unlimited prospects for Hong Kong’s economic enhancement.

Also in a online video speech at the summit, Paul Chan, economic secretary of the HKSAR governing administration, explained that the United States had earlier suppressed Chinese enterprises listed there, prompting lots of enterprises to return to Hong Kong for listing, which in transform has driven the Hong Kong inventory industry to proceed to growth last year.