(Paris/Beijing Comprehensive News) Following the down reduction of the Chinese government's credit rating outlook, the rating agency Moody's Moody's Wednesday (December 6) has reduced the Hong Kong rating outlook from "stability" to "negative". This is 2020Since January, Hong Kong has lost its "stability" rating for the first time.
According to Agence France -Presse, Moody's claims that reducing the rating outlook is due to the close connection between Hong Kong and Mainland China.The assessment of close connection.
Moody's saying that the risk of downturn in mainland China will be transformed into the risk of Hong Kong's own credit, and the change of "institutional and political connection" is a key factor in Hong Kong's risk.
The Hong Kong Government responded that deepening and expanding economic and financial connections with mainland China should not be a factor to reduce rating. On the contrary, this is the advantage of Hong Kong's long -term development.driving force.The Hong Kong Government also said that the election restructuring and implementation of the patriotic governing Hong Kong ensure that the governance of the SAR government is in the hands of patriots, ensuring the stability and development of Hong Kong.
Moody's Wednesday also reduced the rating outlook of 18 Chinese companies from stability to negative, including Alibaba, Tencent, etc.One day before, Moody's outlook for the Chinese government's credit rating was reduced from stability to negative, the reason is the expectations of slowing economic growth and the risk of the real estate market.
Following the "disappointment" of Moody's decision by the Ministry of Finance of China, the Chinese Ministry of Foreign Affairs and the National Development and Reform Commission also responded on Wednesday on Wednesday that China's economic fundamentals have not changed, and they are confident and capable of achieving long -term stability of economic stabilitydevelop.
The English version of the official media Global Times quoted the criticism of Chinese economists that Moody's decision was "prejudice and unprofessional" because it seriously exaggerated or created the risks and challenges faced by the Chinese economy, and said "completely completely" completelyThere is no need to take Moody's downgrade seriously. "
Economic Daily also quoted Chinese scholars' analysis that Moody's obvious lack of deep understanding of China's economic operation, and concluded that it was biased.
The former editor -in -chief of the Global Times, Hu Xijin, praised the Chinese Ministry of Finance's response "restraint" on Weibo, and attitude was "commendable."He said that a US rating company could not expect to transport confidence in China to the world, "this job can only be done by China."
After Moody's reduction of China's sovereign credit rating outlook, the three major indexes of China's A -shares opened on Wednesday, and then shocked and differentiated.The index fell 0.11%.At the same time, the Hang Seng Index rebounded, closing up by 0.83%, and technology stocks led their rise.
