Raki: If Beijing wants to have a better future in Hong Kong, you must repair your own

Stephen Roach, chairman of the former Asian region of Morgan Stanley, throws out the "Hong Kong Play" view, causing controversy.During the latest media interview, Roki said that if Beijing hopes that this financial center has a better future, it must repair its own economy and let Hong Kong self -manage.

According to Bloomberg, the current senior researcher at Yale University Luoqi said on Wednesday (February 21) in a Bloomberg TV interview that the most important thing in Beijing can do is to "repair your own system".

He also added that Beijing also needs to be more positive and transparent to emphasize the commitment to the "one country, two systems" model.

Roach said that it is not easy to solve the long -term structural problems of China's economy. So far, Beijing has taken the measures to curb issues such as deflation and real estate markets.

For the concept of the Greater Bay Area, Luoqi said that this is a concept centered on China, allowing Hong Kong to play a role, but other cities such as Shenzhen may play an equally important and even more important role.He said: "Hong Kong is facing the risk of being marginalized."

Robic last Monday (February 12) at the British Financial Times "I painfully admit that Hong Kong has finished playing"ME to say Hong Kong is over, and under the comprehensive influence of factors such as local politics, China's economic and Sino -US relations, the market rescue measures may be difficult to save the Hong Kong economy.

Roach said that the stock market has always been the main symbol of Hong Kong's success, but in the past 20 years, the Hong Kong stock market trend has almost the worst grades in the world's major stock markets.

Rich's pessimistic remarks have led to criticism and refutation of many Hong Kong officials and well -known people.Ye Liu Shuyi, a convener of the Hong Kong Executive Council and a member of the Legislative Council, wrote in the Hong Kong Economic Daily that Roch's remarks are all preferred, and Hong Kong's economic development is not just a single look at the stock market.