Stock Market Surge Shows People Like New Law: CE

The Chief Executive Carrie Lam said on Tuesday that the recent surge in the stock market shows people appreciate the newly-enacted national security law.

Speaking ahead of the weekly Executive Council meeting, she dismissed what she called unfounded allegations that the law signals the death of One Country Two Systems.

“I’m pleased to say that in the last few days, I noticed – you may dispute that – but I noticed that there has been an increasing appreciation of the positive effect of this national security legislation, particularly in the restoring stability in Hong Kong as reflected by some of the market sentiments in recent days,” said Lam.

The CE again rejected concerns raised about the new law by experts here and foreign governments, with some warning it will destroy the SAR’s status as a global financial centre.

“Surely this is not doom and gloom for Hong Kong. I’m sure with the passage of time and efforts in the facts being laid out, confidence will grow in One Country, Two Systems and in Hong Kong’s future,” she said.