Chief Executive John Lee Ka-chiu has criticized Washington for imposing restrictions on personal and corporate investments in China in emerging technologies like artificial intelligence, stressing that such actions will ultimately harm the US as well.
The US government recently revealed a ban that restricts individuals and companies from investing in sectors such as semiconductors, quantum information technology, and artificial intelligence systems in China, including the Hong Kong Special Administrative Region.
Speaking prior to the weekly Executive Council meeting, Lee said that, certain US politicians — driven by political motives — have disrupted free markets and trade order.
READ MORE: HK govt condemns US report on SAR, 'visa restrictions' threats
This move could harm global supply chains and ultimately backfire on the US, harming both its residents and businesses, he warned.
He reaffirmed the commitment of the SAR government to protect its interests and ensure the well-being of the city’s businesses, as well as collaborating with the nation to safeguard national interests.
At the same press briefing, Lee said he will head to Shanghai on Nov 4 to attend the China International Import Expo and the Shanghai section of the Hong Kong Investment Promotion Conference to promote business opportunities in Hong Kong.
