Peaceful protest in Hong Kong over the weekend, followed now by an upbeat Lam new conference

News

Updating developments in HK, a press conference from Hong Kong CEO Carrie Lam 

  • hopes the peaceful march on Sunday is the start of restoring peace in the city
  • police watchdog has set up special task force to deal with police complaints
  • Government will immediately set up a platform for dialogue with people of all backgrounds
  • police watchdog that will oversee investigation into complaints is fair
  • govt wants to reach out to the
    community as soon as possible
  • is willing to talk to peaceful protesters to narrow differences
  • extradition bill is dead and no plan to revive the bill

More specifically on the economy:

  • first-half data does not fully reflect the seriousness of city’s economic issue
  • reiterates risks of downward pressure on economy
  • Shenzhen development plan is good
    for city, especially in terms of technology innovation
  • remains convinced that HK has
    unique advantages in attracting international companies

HKD remains on the weak side, its still not too far from the band limit right now:

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