Xia Baolong, Beijing’s top official managing Hong Kong affairs, is set to converse with leaders from various international trade chambers, including the American Chamber of Commerce. The discussions are intended to address ongoing political and economic issues in Hong Kong, with a strong focus on trade relations under its new security law.
The purpose of this key engagement, as part of Xia’s week-long visit to Hong Kong, is to address economic concerns and demonstrate China’s unwavering support for Hong Kong. Xia will underline China’s commitment to Hong Kong’s prosperity and stability, attempt to resolve economic challenges, and ensure transparent communication between China and Hong Kong.
Advisor to the Chinese Association of Hong Kong and Macau Studies, Lau Siu-kai, speculates that Xia will use these discussions to grasp corporate concerns, ranging from worries about Hong Kong’s national security law to the financial health of mainland China.
On this subject, Jeffrey Lam Kin-fung, a member of the government’s key advisory body, commented that the planned dialogue shows Xia’s commitment to the economic welfare of the city and its corporate sector. According to Lam, this proactive approach could likely rejuvenate business sentiments and stimulate increased investment in Hong Kong.
In a previous meeting with prominent Hong Kong real estate tycoons, Xia lauded their role in maintaining city’s stability, urged support for Chief Executive John Lee Ka-chiu’s administration and encouraged their active contribution towards Hong Kong’s growth. Xia emphasized the necessity of solidarity with the leadership and the real estate sector’s pivotal role in regional growth and stability.
Xia’s visit concludes next Wednesday, synchronously with Financial Secretary Paul Chan Mo-po’s announcement of the latest budget proposal, signifying a meticulously timed strategy to reassure and boost business confidence in the region.
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