Hong Kong Politics & Protest

‘Surface deep’: Finance Sec. hits back following credit rating warning over filibustering

The Finance Secretary John Tsang said that credit rating agencies should not make “conclusions based on conditions on the surface.”

Moody’s, a ratings agency, warned in a report published Monday that Hong Kong’s credit rating may be hurt if the city continues to face obstacles in policymaking. The opposition, which won three more seats than in the last legislature, is likely to continue filibustering, it said.

John Tsang screenshot RTHK

John Tsang. Photo: RTHK screenshot.

Tsang said that he has met with the agencies and asked them to understand more about what is happening in Hong Kong. He was speaking to the press before boarding a flight for a visit to Kazakhstan.

“If they understand this place more, then maybe they will know whether these conditions will affect the overall economy and the workings of the government,” he said. He added that it would lead to a fairer rating for Hong Kong.

Nathan Law 2016 legco elections

Nathan Law, a pro-self determination candidate who won a seat in the Hong Kong Island constituency. Photo: InMedia.

Tsang reiterated that there should be more communication between the lawmakers and the government. “Actually, we will meet with many of the new lawmakers and communicate more with them, because I strongly believe that an increase in communication can let us understand each other more. It will also help solve many problems,” he said.

'Surface deep': Finance Sec. hits back following credit rating warning over filibustering