2 days ago
'Influx of foreign funds as NSL creates stability'
'Influx of foreign funds as NSL creates stability'
Jeffrey Lam says the National Security Law has brought back stability and sparked a return of investments by foreign companies. Photo: RTHK
Lawmaker Jeffrey Lam said more foreign funds are coming to Hong Kong as the National Security Law helps to provide a stable environment for businesses.
Speaking on RTHK's NSL Chronicles III programme, Lam said the city is attracting the return of funds that were here previously, as well as new ones, with the National Security Law and the Safeguarding National Security Ordinance offering confidence to investors.
"The National Security Law is an important foundation for social stability," he said.
"Why do foreigners invest in Hong Kong and why do the people of Hong Kong re-invest in Hong Kong? It is because of our political, economic and social stability.
"I have also been in touch with some of the leading foreign enterprises and have been told they will implement some investment projects in Hong Kong."
He said foreign businesses from Asean, the Middle East, Europe and the United States are investing in the SAR again.
The businessman and vice-chairman of the Business and Professionals Alliance also cited a survey carried out by the American Chamber of Commerce in Hong Kong showing confidence among US firms in the SAR reaching a three-year high.
The survey showed 83 percent of more than 500 corporate executives expressed trust in the city's rule of law, up from 79 percent last year and 73 percent in 2023.
