Tsang Jun-wa agrees with the everlasting implementation of “one nation, two techniques” and the clarification of the crimson traces can shield Hong Kong’s monetary standing: Don’t fret about breaking the legislation if you’re depressed.

[Aithisg meadhanan neo-eisimeileach]Hong Kong’s financial restoration just isn’t as anticipated. Is there a date of 2047 for implementation? to develop”.

Says he agrees with Hong Kong’s everlasting implementation of “one nation, two techniques”

Tsang Jun-wa wrote an article on the social media Fb right this moment, saying that he just lately met with the pinnacle of the workplace of the royal household of Qatar and was requested “some questions that I do not know the solutions to”, resembling “Since’ ‘one nation, two techniques’, how will the continued implementation of capitalism have an effect on Hong Kong?” Importantly, why ought to we simply announce that “one nation, two techniques” shall be carried out completely in Hong Kong? A is there one other date of 2047?” Nevertheless, Zeng Junhua didn’t point out how he answered this query within the article, solely saying, “Logically, I agree with this opinion and I hope that the nation can contemplate strategically by eradicating exterior doubts about Hong Kong’s future place.”

What occurs subsequent to the individual in cost? Tsang Jun-wa stated he tried to clarify to him some great benefits of Hong Kong, resembling Hong Kong’s freely convertible forex and no capital beneficial properties tax or inheritance tax. Nevertheless, he stated that “Hong Kong’s low tax price just isn’t is an incentive” due to the revenue tax and private earnings tax in Center Japanese nations Curiosity and taxes are “principally zero” and “regardless of the level is, I hope there shall be extra data this time.”

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Signifies that Hong Kong’s financial system has “a great way to go”.

Tsang Junhua identified that Hong Kong’s present financial prospects are unsure, “However as you say, I’m too optimistic and it’s good to not admit defeat. I believe Hong Kong has one thing to work on.” He stated he had a gathering with Stephen Roach, an economist and former chairman of Morgan Stanley Asia a couple of days in the past, they usually unanimously believed that the way in which for Hong Kong to outlive is to proceed proceed to change into a special Chinese language metropolis Kong can proceed to change into a singular worldwide monetary middle in China, this isn’t solely good for Hong Kong, but in addition good for the nation.”

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Advocate to make clear the authorized crimson traces to guard Hong Kong’s monetary standing: so that everybody doesn’t have to fret about breaking the legislation.

Nevertheless, Tsang Junhua identified that Hong Kong should keep its standing as a world monetary middle, “slightly than speaking about it as a ‘heritage website’.” I’m apprehensive that I’ll break this or that legislation.” He identified that when the worldwide group regains its confidence in Hong Kong, it ought to strengthen its transparency to the surface world, particularly Hong Kong’s strengths resembling commerce and logistics, after which attempt to extra worldwide routes and worldwide ships to return to Hong Kong. “When these primary lifelines of the Hong Kong financial system regain their vitality, naturally, it drives the general financial system. In any other case, there shall be solely minor tuning and repairs, and the essential impact shall be restricted. “

He additionally identified that Hong Kong is true in the midst of the battle between China and the USA, and has naturally change into a celebration underneath the stress of the watershed, and take extra space for the nation.