Rising tensions between China and the United States are creating anxiety for Hong Kong, Hong Kong Exchanges and Clearing Chief Executive Charles Li Xiaojia said today at a commodities forum, Reuters reports. U.S. President Donald Trump on Tuesday ordered an end to Hong Kong’s special status to punish China for enacting a new national security law for the former British colony, prompting Beijing to warn of retaliatory sanctions. Li said the U.S. action will not fundamentally change Hong Kong. The new security law “finally brought the city into peace and order after the turbulent 2019,” but also raised questions and anxiety among the international community there, Li said, stressing the success of the “one country, two systems” model. “China needs to have confidence that Hong Kong is going to be part of China, not challenging that sovereignty.”On the other hand, he added that it is the “two systems” that allows Hong Kong to play an important role for both China and the international community.

Source: The Standard July 16, 2020 06:44 UTC