HKeX and Hong Kong

HKeX share price reacted positively on the day the national security law is passed.

On Wednesday (1 July 2020), China began enforcing a new security law on Hong Kong. Much express concern the law will damage the country's freedom of speech, which could lead to a destabilization of the city nation's financial hub status. Despite the worries, leaders in Beijing and Hong Kong did nothing to allay those worries during briefings to explain the new law.

Since the announcement of this new law, investors have been expecting a light of capital and talent, however, the opposite is happening. A long list of companies is going to list on the Hong Kong Stock Exchange have affirmed that Hong Kong will continue its role as an international financial center.

The Equitable Act, which forces China companies to comply with American accounting standards or be delisted also push a huge chunk of China companies to list on Hong Kong.

In fact, on the day this law is implemented, Hong Kong Stock Exchange's share price reacted positively. Despite the worries, more investors believe that this law will bring stability and curb down those violent protests.

Capitalists don't care about your human rights, your freedom of speech, or a healthy democratic system. Capitalist only needs a stable political environment for them to make their profits. If you believe the Western Countries will help your nation to build a healthy democratic system, you are either being stupid or you are being brainwashed.

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