Chen Jiaqiang, former director of the Hong Kong Financial Affairs and Treasury Bureau, believes that the friction between China and the United States and the situation of Russia and Ukraine have an unpredictable impact on the global supply chain, and it takes some time for the Hong Kong economic recovery process.
Chen Jiaqiang, a part -time professor of the School of Business Administration of the University of Science and Technology of Hong Kong, said on Sunday (April 9) on the Hong Kong commercial radio program that the US interest rate hikes intensify the global market uncertainty, Sino -US friction and friction and Chinese and American frictionsThe situation in Russia also has an unpredictable impact on the global supply chain. Coupled with human resources in the crown disease epidemic, it describes this as a rare economic dilemma.
Chen Jiaqiang predicts that the crisis of European and American banks has little chances of implication to other institutions.He frankly said that the closure of the US Silicon Valley beyond expectations and showed that there were problems with bank risk management and supervision, but believed that this was an individual incident and there would be no systemic problems.
As for the credit incident of Switzerland, Chen Jiaqiang believes that there is a problem with the Swiss credit business model and shake the external confidence, but he also said that after the 2008 financial tsunami, the decrease in banks in various banks will help reduce the chain effect.Regulators also learn lessons and provide corresponding support.
Chen Jiaqiang analyzed that Hong Kong's aviation transportation power and tourism -related industries after the epidemic decreased, and the market also tended to explore new economic development points.It is difficult for Hong Kong to be alone. It is expected that the financial market will not make great progress. Listing and financial activities will be slow, and the investment market has not recovered enthusiastically.
Chen Jiaqiang also said that the information of China and international diplomacy shows that foreign countries are willing to improve relations with China. As an international financial center under one country, two systems, there are the advantages of the country's clear support and pursuit of ordinary law.He believes that as long as Hong Kong can maintain stability and predictability, there is sufficient regulation, and even if there is a crisis such as a Creditver such as Creditses, investors can still attract investors to Hong Kong.
