MR WU CHI-WAI (in Cantonese): But may I ask the Chief Executive whether she has assessed the impact on Hong Kong if the United States doubts that "one country, two systems" has failed in Hong Kong, and then announces the commencement of a study on repealing the Hong Kong Policy Act?
CHIEF EXECUTIVE (in Cantonese): President, I hope Mr WU Chi-wai is asking this question in the interest of Hong Kong. The Secretary for Commerce and Economic Development has been continuedly assessing the impact of the trade conflict between China and the United States on Hong Kong this time around. And he also maintains discussions with trade associations in Hong Kong and continuously rolls out measures to support the trades. Hence, if members of the business community consider that we have failed to provide much additional support on this occasion, it is because they have forgotten the series of measures announced by Secretary Edward YAU over the past few months. Adhering to my style of governance, I call for immediate implementation of necessary measures, rather than leaving them till the release of the annual policy address for the Chief Executive to claim credit. I have at hand two pages of information on the many varied measures introduced by Secretary Edward YAU over the past few months. Some of them are related to the Hong Kong Export Credit Insurance Corporation and the HKMC Insurance Limited, while some of them are related to reducing the guarantee fee, increasing the maximum loan amount and lengthening the maximum loan guarantee period. All of these measures are based on assessments and introduced to prepare for a rainy day.
For this reason, Mr WU can rest assured that we will take them forward. We have strong opinions on the acts of unilateralism currently done by the United States Government because we are one of the staunch supporters of free trade, as well as a member of the World Trade Organization. Hence, for issues reported to have impacts on Hong Kong, we will definitely stand our ground. As stated by me in the press conference yesterday, such trades and investments are reciprocal. Instead of reaping considerable benefits from the United States, we have been trading with it on a reciprocal basis. We are the economy against which the United States records the highest trade surplus in the world, and at present, some 1 300 United States companies have set up regional headquarters, regional offices and local offices in Hong Kong. These are the common interests shared by Hong Kong and the United States, which also require the concerted efforts of both governments to preserve.
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