香港抗议:从特别行政区经济重要性看北京的决策考量

<figure style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 14px; line-height: inherit; margin: 32px -54.2188px 0px 0px; padding: 0px; vertical-align: baseline; background-color: #111111; clear: both;"><span style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-size: 14px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; display: block; position: relative;"><img alt="2019年8月5日,一名抗议者在警察发射催泪弹之后向警察方向投掷石块" src="https://ichef.bbci.co.uk/news/660/cpsprodpb/15984/production/_108225488_055701223-1.jpg" width="976" height="549" data-highest-encountered-width="660" style="color: #bdbdbd; font-style: inherit; font-family: inherit; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; height: auto; max-width: 100%; user-select: none; width: 645.781px; display: block;" /><span style="border: 0px !important; color: inherit; font-style: inherit; font-family: inherit; font-size: 14px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px !important; vertical-align: baseline; clip: rect(1px, 1px, 1px, 1px); overflow: hidden; position: absolute !important; height: 1px !important; width: 1px !important;">图片版权</span><span style="border: 0px; color: #ececec; font-style: inherit; font-family: inherit; font-size: 0.875rem; font-weight: inherit; letter-spacing: 0.25px; line-height: 1.14286; margin: 0px; padding: 3px 8px 1px; vertical-align: baseline; text-transform: uppercase; background: rgba(0, 0, 0, 0.6); bottom: 0px; position: absolute; right: 0px;">GETTY IMAGES</span></span><figcaption style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 16px; vertical-align: baseline; visibility: visible;"><span style="border: 0px !important; color: inherit; font-style: inherit; font-family: inherit; font-size: 14px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px !important; vertical-align: baseline; clip: rect(1px, 1px, 1px, 1px); overflow: hidden; position: absolute !important; height: 1px !important; width: 1px !important;">Image caption</span><span style="border: 0px; color: #ececec; font-style: inherit; font-family: inherit; font-size: 0.75rem; font-weight: inherit; letter-spacing: inherit; line-height: 1.33333; margin: 0px; padding: 0px; vertical-align: baseline; display: block;">香港抗议旷日持久,已经开始打乱当地正常经济民生的节奏</span></figcaption></figure><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; font-weight: bold; line-height: 1.75; margin-top: 28px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">&#8220;香港面临回归以来最严峻局面&#8221;,这是中国国务院港澳办主任张晓明和中联办主任王志民在最近一次香港局势座谈会上对现状的评估。</p><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">连续数星期的抗议、示威和街头冲突,已经开始触及香港实体经济。在几乎不间断的抗议示威活动中,占香港经济约20%的旅游业和零售业眼下首当其冲。</p><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">不过,关注时局的经济学人指出,危机如果继续下去,香港可能面对的最大风险是在政治方面&#8212;&#8212;北京是否会直接出手干预,以便帮助被&#8220;逃犯条例&#8221;和&#8220;反送中&#8221;抗议搞得狼狈不堪的香港特区政府渡过难关。</p><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">国务院港澳办主任张晓明还明确指出:&#8220;如果局势进一步恶化,出现香港特区政府不能控制的动乱,中央绝不会坐视不管。按照基本法规定,中央有足够多的办法、足够强大的力量迅速平息可能出现的各种动乱。&#8221;</p><ul style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 14px; line-height: inherit; margin: 18px 0px 0px; padding: 0px; vertical-align: baseline; list-style: none; background-color: #ffffff;"><li style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-size: 1rem; font-weight: inherit; letter-spacing: inherit; line-height: 1.75; margin: 18px 0px 0px 20px; padding: 0px 0px 0px 4px; vertical-align: baseline; list-style: square outside;"><a href="https://www.bbc.com/zhongwen/simp/chinese-news-49260202" style="border-width: 0px 0px 1px; border-top-style: initial; border-right-style: initial; border-bottom-style: solid; border-left-style: initial; border-top-color: initial; border-right-color: initial; border-bottom-color: #dcdcdc; border-left-color: initial; border-image: initial; color: #222222; font-style: inherit; font-family: inherit; font-size: 1rem; font-weight: bold; letter-spacing: inherit; line-height: 1.75; margin: 0px; padding: 0px; vertical-align: baseline; text-decoration-line: none; -webkit-tap-highlight-color: rgba(17, 103, 168, 0.3);">港澳办传达&#8220;止暴&#8221;精神 香港示威者&#8220;不以为然&#8221;</a></li><li style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-size: 1rem; font-weight: inherit; letter-spacing: inherit; line-height: 1.75; margin: 18px 0px 0px 20px; padding: 0px 0px 0px 4px; vertical-align: baseline; list-style: square outside;"><a href="https://www.bbc.com/zhongwen/simp/chinese-news-49245954" style="border-width: 0px 0px 1px; border-top-style: initial; border-right-style: initial; border-bottom-style: solid; border-left-style: initial; border-top-color: initial; border-right-color: initial; border-bottom-color: #dcdcdc; border-left-color: initial; border-image: initial; color: #222222; font-style: inherit; font-family: inherit; font-size: 1rem; font-weight: bold; letter-spacing: inherit; line-height: 1.75; margin: 0px; padding: 0px; vertical-align: baseline; text-decoration-line: none; -webkit-tap-highlight-color: rgba(17, 103, 168, 0.3);">香港示威:港澳办回避出动解放军问题</a></li><li style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-size: 1rem; font-weight: inherit; letter-spacing: inherit; line-height: 1.75; margin: 18px 0px 0px 20px; padding: 0px 0px 0px 4px; vertical-align: baseline; list-style: square outside;"><a href="https://www.bbc.com/zhongwen/simp/chinese-news-49239215" style="border-width: 0px 0px 1px; border-top-style: initial; border-right-style: initial; border-bottom-style: solid; border-left-style: initial; border-top-color: initial; border-right-color: initial; border-bottom-color: #dcdcdc; border-left-color: initial; border-image: initial; color: #222222; font-style: inherit; font-family: inherit; font-size: 1rem; font-weight: bold; letter-spacing: inherit; line-height: 1.75; margin: 0px; padding: 0px; vertical-align: baseline; text-decoration-line: none; -webkit-tap-highlight-color: rgba(17, 103, 168, 0.3);">香港示威&#8220;遍地开花&#8221; 罢工、集会后警民冲突再现</a></li><li style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-size: 1rem; font-weight: inherit; letter-spacing: inherit; line-height: 1.75; margin: 18px 0px 0px 20px; padding: 0px 0px 0px 4px; vertical-align: baseline; list-style: square outside;"><a href="https://www.bbc.com/zhongwen/simp/chinese-news-49221800" style="border-width: 0px 0px 1px; border-top-style: initial; border-right-style: initial; border-bottom-style: solid; border-left-style: initial; border-top-color: initial; border-right-color: initial; border-bottom-color: #dcdcdc; border-left-color: initial; border-image: initial; color: #222222; font-style: inherit; font-family: inherit; font-size: 1rem; font-weight: bold; letter-spacing: inherit; line-height: 1.75; margin: 0px; padding: 0px; vertical-align: baseline; text-decoration-line: none; -webkit-tap-highlight-color: rgba(17, 103, 168, 0.3);">香港示威浪潮中的撑警派:&#8220;警察执法没问题&#8221;</a></li></ul><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">主权移交二十年,香港作为亚洲最重要和相对最自由、独立和开放的金融中心之一,为中国大陆的经济发展做出了重大贡献。如果危机继续,甚至北京出面干预,香港经济主要会有哪些方面受到影响呢?</p><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;"><strong style="border: 0px; font-style: inherit; font-family: inherit; font-size: 1rem; letter-spacing: inherit; line-height: 1.75; margin: 0px; padding: 0px; vertical-align: baseline;">中国</strong><strong style="border: 0px; font-style: inherit; font-family: inherit; font-size: 1rem; letter-spacing: inherit; line-height: 1.75; margin: 0px; padding: 0px; vertical-align: baseline;">的</strong><strong style="border: 0px; font-style: inherit; font-family: inherit; font-size: 1rem; letter-spacing: inherit; line-height: 1.75; margin: 0px; padding: 0px; vertical-align: baseline;">经济门户</strong></p><figure style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 14px; line-height: inherit; margin: 24px -24.6406px 0px 0px; padding: 0px; vertical-align: baseline; background-color: #111111; clear: both;"><span style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-size: 14px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; display: block; position: relative;"><img src="https://ichef.bbci.co.uk/news/624/cpsprodpb/9A1C/production/_108225493_hk_sailboat.jpg" datasrc="https://ichef.bbci.co.uk/news/320/cpsprodpb/9A1C/production/_108225493_hk_sailboat.jpg" alt="香港维多利亚湾的日落" width="976" height="549" data-highest-encountered-width="624" style="color: #bdbdbd; font-style: inherit; font-family: inherit; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; height: auto; max-width: 100%; user-select: none; width: 616.203px; transition: opacity 0.2s ease-in 0s; display: block;" /><span style="border: 0px !important; color: inherit; font-style: inherit; font-family: inherit; font-size: 14px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px !important; vertical-align: baseline; clip: rect(1px, 1px, 1px, 1px); overflow: hidden; position: absolute !important; height: 1px !important; width: 1px !important;">图片版权</span><span style="border: 0px; color: #ececec; font-style: inherit; font-family: inherit; font-size: 0.875rem; font-weight: inherit; letter-spacing: 0.25px; line-height: 1.14286; margin: 0px; padding: 3px 8px 1px; vertical-align: baseline; text-transform: uppercase; background: rgba(0, 0, 0, 0.6); bottom: 0px; position: absolute; right: 0px;">GETTY IMAGES</span></span><figcaption style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 16px; vertical-align: baseline; visibility: visible;"><span style="border: 0px !important; color: inherit; font-style: inherit; font-family: inherit; font-size: 14px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px !important; vertical-align: baseline; clip: rect(1px, 1px, 1px, 1px); overflow: hidden; position: absolute !important; height: 1px !important; width: 1px !important;">Image caption</span><span style="border: 0px; color: #ececec; font-style: inherit; font-family: inherit; font-size: 0.75rem; font-weight: inherit; letter-spacing: inherit; line-height: 1.33333; margin: 0px; padding: 0px; vertical-align: baseline; display: block;">香港最新危机让&#8220;一国两制&#8221;模式受到极端挑战</span></figcaption></figure><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">BBC中文总编张晧宇介绍说,尽管香港经济总量绝对值在中国经济中所占比例逐年下降,但是在外贸和金融方面,香港目前还是有着举足轻重的作用。</p><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">官方2017/18年度的数据显示,在中国大陆全年所获得的1250亿美元的外商直接投资(FDI)中,990亿通过香港流入,占总外商投资额的80%。</p><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">香港实行法治,有独立完善的司法系统、金融系统和世界水准服务系统等等,在吸引外资方面有着得天独厚的优势。</p><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">特别是在中美贸易战的大背景下,香港目前还仍旧享有独立于中国大陆的关税区地位,未被美国列于征加关税的地区,使得很多中国商品可以从这里转口。很多海外禁运的高科技产品也从这里进口到中国大陆。此外,香港也是中国大陆的第一大贸易伙伴和中国公司上市融资的首选地。</p><ul style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 14px; line-height: inherit; margin: 18px 0px 0px; padding: 0px; vertical-align: baseline; list-style: none; background-color: #ffffff;"><li style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-size: 1rem; font-weight: inherit; letter-spacing: inherit; line-height: 1.75; margin: 18px 0px 0px 20px; padding: 0px 0px 0px 4px; vertical-align: baseline; list-style: square outside;"><a href="https://www.bbc.com/zhongwen/simp/world-49259282" style="border-width: 0px 0px 1px; border-top-style: initial; border-right-style: initial; border-bottom-style: solid; border-left-style: initial; border-top-color: initial; border-right-color: initial; border-bottom-color: #dcdcdc; border-left-color: initial; border-image: initial; color: #222222; font-style: inherit; font-family: inherit; font-size: 1rem; font-weight: bold; letter-spacing: inherit; line-height: 1.75; margin: 0px; padding: 0px; vertical-align: baseline; text-decoration-line: none; -webkit-tap-highlight-color: rgba(17, 103, 168, 0.3);">中美贸易战延至货币战,特朗普继续批评中国</a></li><li style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-size: 1rem; font-weight: inherit; letter-spacing: inherit; line-height: 1.75; margin: 18px 0px 0px 20px; padding: 0px 0px 0px 4px; vertical-align: baseline; list-style: square outside;"><a href="https://www.bbc.com/zhongwen/simp/business-49250694" style="border-width: 0px 0px 1px; border-top-style: initial; border-right-style: initial; border-bottom-style: solid; border-left-style: initial; border-top-color: initial; border-right-color: initial; border-bottom-color: #dcdcdc; border-left-color: initial; border-image: initial; color: #222222; font-style: inherit; font-family: inherit; font-size: 1rem; font-weight: bold; letter-spacing: inherit; line-height: 1.75; margin: 0px; padding: 0px; vertical-align: baseline; text-decoration-line: none; -webkit-tap-highlight-color: rgba(17, 103, 168, 0.3);">美国把中国列为&#8220;汇率操纵国&#8221;会有什么后果</a></li></ul><div style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 14px; line-height: inherit; margin: 40px 0px 0px; padding: 0px; vertical-align: baseline; background-color: #ffffff;"><div data-idt-uuid="0726202c-168c-4efc-a9fa-3c9accc0e2fa" style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-size: 14px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><div data-graphicuuid="0726202c-168c-4efc-a9fa-3c9accc0e2fa" dir="ltr" style="border: 0px; color: inherit; font-style: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体; font-size: 14px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; width: 591.563px; box-sizing: border-box;"><h2>全球股市市值</h2><p style="border: 0px; font-style: inherit; font-family: inherit; font-size: 20px; letter-spacing: inherit; line-height: 24px; padding: 0px; vertical-align: baseline; word-break: break-word;">六月市值(單位:10億美元)</p><div data-vegacontainer="true" style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-size: 14px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 16px 0px; vertical-align: baseline;"><canvas width="592" height="561" role="img" aria-label="A chart" style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></canvas><div style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-size: 14px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"></div></div><span style="border-width: 1px 0px 0px; border-top-style: solid; border-right-style: initial; border-bottom-style: initial; border-left-style: initial; border-color: initial; border-image: initial; color: inherit; font-style: inherit; font-family: inherit; font-size: 16px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 2px 0px 0px; padding: 4px 0px 0px; vertical-align: baseline; max-width: 100%; width: 591.563px; box-sizing: border-box; word-break: break-word; display: flex; align-items: flex-end;"><span style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-size: 16px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; max-width: 100%; width: 591.563px; box-sizing: border-box; word-break: break-word; display: flex; -webkit-box-pack: justify; justify-content: space-between;"><div style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-size: 16px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">資訊來源:世界交易所聯合會</div><svg height="15" width="45" xmlns="http://www.w3.org/2000/svg" aria-label="BBCLogo" viewbox="0 0 211.122 60.482" rtl="ltr"><g fill-rule="evenodd"><defs></defs><clippath id="SVGID_2_"><use xlink:href="#SVGID_1_" overflow="visible"></use></clippath></g></svg></span></span></div></div></div><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">普华永道集团(PWC)2018年的数据显示,尽管香港作为金融中心的地位受到上海和深圳的挑战,但是中国公司近六成的共354个IPO仍选择在香港。</p><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">伦敦智库Capital Economics的资深经济学人莱泽尔(Gareth Leather)表示,&#8220;对众多中国大陆商家来说,香港是通往全球市场的跳板&#8221;。</p><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">当然,数字也同时显示,随着中国越来越多的口岸城市开始对外开放,香港对大陆的绝对数字价值在相对递减。</p><h2>经济与政治考量的取与舍</h2><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">国际货币基金组织IMF的数据显示,英国1997年把香港主权移交中国时,香港GDP相当于大陆GDP的18%。如今,这个比例已降至2.7%。</p><figure style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 14px; line-height: inherit; margin: 24px -24.6406px 0px 0px; padding: 0px; vertical-align: baseline; background-color: #111111; clear: both;"><span style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-size: 14px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; display: block; position: relative;"><img src="https://ichef.bbci.co.uk/news/624/cpsprodpb/15984/production/_108225488_055701223-1.jpg" datasrc="https://ichef.bbci.co.uk/news/320/cpsprodpb/15984/production/_108225488_055701223-1.jpg" alt="2019年8月5日,一名抗议者在警察发射催泪弹之后向警察方向投掷石块" width="976" height="549" data-highest-encountered-width="624" style="color: #bdbdbd; font-style: inherit; font-family: inherit; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; height: auto; max-width: 100%; user-select: none; width: 616.203px; transition: opacity 0.2s ease-in 0s; display: block;" /><span style="border: 0px !important; color: inherit; font-style: inherit; font-family: inherit; font-size: 14px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px !important; vertical-align: baseline; clip: rect(1px, 1px, 1px, 1px); overflow: hidden; position: absolute !important; height: 1px !important; width: 1px !important;">图片版权</span><span style="border: 0px; color: #ececec; font-style: inherit; font-family: inherit; font-size: 0.875rem; font-weight: inherit; letter-spacing: 0.25px; line-height: 1.14286; margin: 0px; padding: 3px 8px 1px; vertical-align: baseline; text-transform: uppercase; background: rgba(0, 0, 0, 0.6); bottom: 0px; position: absolute; right: 0px;">GETTY IMAGES</span></span><figcaption style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 16px; vertical-align: baseline; visibility: visible;"><span style="border: 0px !important; color: inherit; font-style: inherit; font-family: inherit; font-size: 14px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px !important; vertical-align: baseline; clip: rect(1px, 1px, 1px, 1px); overflow: hidden; position: absolute !important; height: 1px !important; width: 1px !important;">Image caption</span><span style="border: 0px; color: #ececec; font-style: inherit; font-family: inherit; font-size: 0.75rem; font-weight: inherit; letter-spacing: inherit; line-height: 1.33333; margin: 0px; padding: 0px; vertical-align: baseline; display: block;">香港抗议旷日持久,已经开始打乱当地正常经济民生的节奏</span></figcaption></figure><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">莱泽尔告诉BBC说:&#8220;我认为现在香港对中国的重要性大不如前了&#8221;。</p><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">&#8220;对中国政府来说,现在最重要的是维系统治和稳定。因此我认为他们很可能会愿意牺牲一些香港方面的利益来确保对大陆和香港的全面掌控。&#8221;</p><figure style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 14px; line-height: inherit; margin: 24px -24.6406px 0px 0px; padding: 0px; vertical-align: baseline; background-color: #111111; clear: both;"><span style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-size: 14px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; display: block; position: relative;"><img src="https://ichef.bbci.co.uk/news/624/cpsprodpb/606A/production/_108228642_hkchinagdp.jpg" datasrc="https://ichef.bbci.co.uk/news/320/cpsprodpb/606A/production/_108228642_hkchinagdp.jpg" alt="香港与中国大陆GDP对比图" width="1280" height="1174" data-highest-encountered-width="624" style="color: #bdbdbd; font-style: inherit; font-family: inherit; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; height: auto; max-width: 100%; user-select: none; width: 616.203px; transition: opacity 0.2s ease-in 0s; display: block;" /></span><figcaption style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 16px; vertical-align: baseline; visibility: visible;"><span style="border: 0px !important; color: inherit; font-style: inherit; font-family: inherit; font-size: 14px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px !important; vertical-align: baseline; clip: rect(1px, 1px, 1px, 1px); overflow: hidden; position: absolute !important; height: 1px !important; width: 1px !important;">Image caption</span><span style="border: 0px; color: #ececec; font-style: inherit; font-family: inherit; font-size: 0.75rem; font-weight: inherit; letter-spacing: inherit; line-height: 1.33333; margin: 0px; padding: 0px; vertical-align: baseline; display: block;">香港与中国大陆GDP对比图</span></figcaption></figure><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">莱泽尔解释说,这也是为什么很多投资者对&#8220;逃犯条例&#8221;倍感恐慌,因为那就意味着中国可以把在香港的人直接带到中国大陆去处理。特别是在眼下美中贸易战的大背景下,没人愿意看到自己可能&#8220;被陷入中国混浊的司法系统中去&#8221;。</p><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">现在虽然香港政府已承诺条例&#8220;已死&#8221;,但仍然未能扼制民间的抗议风潮。香港街头继续不断出现暴力和破坏现象。</p><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">据报,仅上周一,香港警方共发射催泪瓦斯弹就多达800枚,而过去两个月总共发射的也不过1000枚。</p><figure style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 14px; line-height: inherit; margin: 24px -24.6406px 0px 0px; padding: 0px; vertical-align: baseline; background-color: #111111; clear: both;"><span style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-size: 14px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; display: block; position: relative;"><img src="https://ichef.bbci.co.uk/news/624/cpsprodpb/E83C/production/_108225495_pla.jpg" datasrc="https://ichef.bbci.co.uk/news/320/cpsprodpb/E83C/production/_108225495_pla.jpg" alt="驻港解放军" width="976" height="549" data-highest-encountered-width="624" style="color: #bdbdbd; font-style: inherit; font-family: inherit; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; height: auto; max-width: 100%; user-select: none; width: 616.203px; transition: opacity 0.2s ease-in 0s; display: block;" /><span style="border: 0px !important; color: inherit; font-style: inherit; font-family: inherit; font-size: 14px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px !important; vertical-align: baseline; clip: rect(1px, 1px, 1px, 1px); overflow: hidden; position: absolute !important; height: 1px !important; width: 1px !important;">图片版权</span><span style="border: 0px; color: #ececec; font-style: inherit; font-family: inherit; font-size: 0.875rem; font-weight: inherit; letter-spacing: 0.25px; line-height: 1.14286; margin: 0px; padding: 3px 8px 1px; vertical-align: baseline; text-transform: uppercase; background: rgba(0, 0, 0, 0.6); bottom: 0px; position: absolute; right: 0px;">GETTY IMAGES</span></span><figcaption style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 16px; vertical-align: baseline; visibility: visible;"><span style="border: 0px !important; color: inherit; font-style: inherit; font-family: inherit; font-size: 14px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px !important; vertical-align: baseline; clip: rect(1px, 1px, 1px, 1px); overflow: hidden; position: absolute !important; height: 1px !important; width: 1px !important;">Image caption</span><span style="border: 0px; color: #ececec; font-style: inherit; font-family: inherit; font-size: 0.75rem; font-weight: inherit; letter-spacing: inherit; line-height: 1.33333; margin: 0px; padding: 0px; vertical-align: baseline; display: block;">中国政府明确警告香港抗议者&#8220;玩火者必自焚&#8221;</span></figcaption></figure><h2>&#8220;玩火者必自焚&#8221;</h2><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">莱泽尔说:&#8220;现在人们最大的担心是香港变成一个无法管制的城市&#8221;。</p><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">&#8220;香港政府觉得已经无法处理乱局从而要求北京出手的危险是切实存在的。&#8221;</p><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">与此同时,尽管中国官方继续表示相信香港政府和警察有能力稳定秩序,北京方面的态度在日益强硬化。</p><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">在最近的一次记者会上,北京方面高调指责抗议者&#8220;把香港拖向危险的深渊&#8221;,并表示&#8220;玩火者必自焚&#8221;。</p><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">中国国务院港澳办新闻发言人杨光还警告抗议者,不要把政府的克制错认为软弱。</p><figure style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 14px; line-height: inherit; margin: 24px -24.6406px 0px 0px; padding: 0px; vertical-align: baseline; background-color: #111111; clear: both;"><span style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-size: 14px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; display: block; position: relative;"><img src="https://ichef.bbci.co.uk/news/624/cpsprodpb/11AAA/production/_108226327_055694730-1.jpg" datasrc="https://ichef.bbci.co.uk/news/320/cpsprodpb/11AAA/production/_108226327_055694730-1.jpg" alt="Hong Kong chief executive, Carrie Lam, speaks to journalists on 5 August 2019, the eve of a general strike" width="976" height="549" data-highest-encountered-width="624" style="color: #bdbdbd; font-style: inherit; font-family: inherit; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline; height: auto; max-width: 100%; user-select: none; width: 616.203px; transition: opacity 0.2s ease-in 0s; display: block;" /><span style="border: 0px !important; color: inherit; font-style: inherit; font-family: inherit; font-size: 14px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px !important; vertical-align: baseline; clip: rect(1px, 1px, 1px, 1px); overflow: hidden; position: absolute !important; height: 1px !important; width: 1px !important;">图片版权</span><span style="border: 0px; color: #ececec; font-style: inherit; font-family: inherit; font-size: 0.875rem; font-weight: inherit; letter-spacing: 0.25px; line-height: 1.14286; margin: 0px; padding: 3px 8px 1px; vertical-align: baseline; text-transform: uppercase; background: rgba(0, 0, 0, 0.6); bottom: 0px; position: absolute; right: 0px;">EPA</span></span><figcaption style="border: 0px; color: inherit; font-style: inherit; font-family: inherit; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 16px; vertical-align: baseline; visibility: visible;"><span style="border: 0px !important; color: inherit; font-style: inherit; font-family: inherit; font-size: 14px; font-weight: inherit; letter-spacing: inherit; line-height: inherit; margin: 0px; padding: 0px !important; vertical-align: baseline; clip: rect(1px, 1px, 1px, 1px); overflow: hidden; position: absolute !important; height: 1px !important; width: 1px !important;">Image caption</span><span style="border: 0px; color: #ececec; font-style: inherit; font-family: inherit; font-size: 0.75rem; font-weight: inherit; letter-spacing: inherit; line-height: 1.33333; margin: 0px; padding: 0px; vertical-align: baseline; display: block;">北京继续表示支持香港特区政府和特首林郑月娥</span></figcaption></figure><h2>香港经济前景担忧</h2><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">分析指出,尽管眼下局势混乱,但北京在处理一国两制和香港高度自治方面的任何不慎之举都必将重创香港经济。</p><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">莱泽尔说:&#8220;想一想解放军在香港街头(巡逻)的后果,那会给香港这个法治国际金融中心的名誉造成什么样的结果?&#8221;</p><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">届时,大量国际企业很可能选择离开香港搬到亚洲其他城市;新加坡可能成为最大受益者。香港的金融中心位置也可能被上海等城市取代。</p><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">香港2014 &#8220;雨伞运动&#8221;持续了70天,而且抗议活动结束之后不久,经济就基本复原。这次与上次最大的不同就是赶上了美中贸易战的风头浪尖,内外局势倍加脆弱敏感。</p><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">香港政府已把年度经济增长预期从3.5%调低至2-3%。一些投行和顾问公司甚至悲观的认为,香港年度经济增长可能会低于1%。</p><p style="border: 0px; color: #404040; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-family: Helvetica, Arial, STHeiti, 华文黑体, &quot;Microsoft YaHei&quot;, 微软雅黑, SimSun, 宋体, &quot;WenQuanYi Micro Hei&quot;, sans-serif; font-size: 1rem; line-height: 1.75; margin-top: 18px; padding: 0px; vertical-align: baseline; background-color: #ffffff;">莱泽尔认为,这次抗议对香港经济负面影响巨大,即使能尽快结束,仍会在未来数年内影响到香港的经济民生。</p>