Chen Maobo responds to the impact of U.S. tariffs on Hong Kong stocks: Hong Kong's financial system is quite robust

ChainCatcher news, according to Jinshi reports, the Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, stated during a media meeting today (7th) evening that the U.S. tariff increases are bullying and unreasonable, violating World Trade Organization regulations. He pointed out that Hong Kong's financial system is quite robust, and stock market trading is proceeding smoothly, with no abnormal behaviors detected that could cause systemic impacts on the Hong Kong stock market.

The SAR government will collaborate with multiple departments to implement all-weather, coordinated, cross-market monitoring to prevent financial risks. In addition, the SAR government will continue to monitor market changes and provide ongoing support for local SMEs.

Paul Chan emphasized that the Hong Kong SAR government will maintain its status as a free port and implement free trade policies in accordance with the Basic Law of Hong Kong, and its determination to support free trade will remain unwavering.