Post by account_disabled on Feb 15, 2024 1:42:07 GMT -5
re-introduced the highly controversial local legislation on Article 23 of the Basic Law. Chief Executive Lee Ka-chiu stressed on January 15 that he would ensure that the legislation is "flexible" to "respond to ever-changing changes, even new methods that may not be currently imagined." This time among some investors that Hong Kong's rule of law would be further undermined , and the Hang Seng Index suddenly turned from rising to falling. On the morning of January 30, the day Li Jiachao
held a press conference for public consultation on Article 23 legislation, the Hang Seng Index fell by 2. Mr. Xie, the above-mentioned banker, said that the capital market has been psychologically prepared for the Costa Rica Phone Number List Article 23 legislation since last year, but for international investors, Hong Kong’s trend towards mainlandization and rule of man is a warning signal and will increase uncertainty. "Investors attach the most importance to interests and safety. If the country is governed by people,
and the leader suddenly makes a speech saying that gaming is not allowed, the next day gaming stocks will plummet terribly... You know, many international investors are taking With the state's pension funds investing, they will not accept such risks." Just two months ago, the major pension fund of the U.S. federal government announced that it would eliminate stock investments in China and Hong Kong from its 68 billion international fund. The impact of Beijing’s “iron fist supervision” Hong Kong is regarded as the gateway for international funds to invest in mainland China, and Hong Kong stocks are a mirror of the Chinese economy. More than half of the companies listed in Hong Kong are mainland companies, with more than 1,430 companies, accounting for nearly 80 of