On August 8, Liu Zhiqin, a senior fellow at the Chongyang Institute of Financial Studies, Renmin University of China (RDCY), was interviewed by Beijing TV. The interview focused on the US sanctions against Hong Kong, what is the purpose of the US government's so-called sanctions?What impact will the so-called US sanctions have on Hong Kong's finances?

In the interview, Liu said that the two main purposes of the US sanctions are to show US hegemony, political priority and the policy of US-first, and to send the wrong message to the so-called democrats in Hong Kong. Mr. Liu also pointed that the US will not succeed and that the National Security Law has created a huge clampdown on the US.

On Hong Kong's financial sector, Mr. Liu believes that the US is trying to further undermine Hong Kong's financial stability, but the so-called US sanctions will not shake Hong Kong's international financial status. We need to do "calm, cold treatment, after observation, skillful response".