【Shenzhen TV】Liu Zhiqin: It's not that easy to threaten China with SWIFT

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【Shenzhen TV】Liu Zhiqin: It's not that easy to threaten China with SWIFT

2020-08-21

Editor's Note: On Aug. 19, Liu Zhiqin, a senior fellow at the Chongyang Institute for Financial Studies, Renmin University of China (RDCY), said in an interview with Shenzhen TV that from the situation in Hong Kong, the United States may impose financial sanctions on some individuals and enterprises, etc., to restrict the receipt and payment of funds through SWIFT, but to kick the whole Hong Kong out of SWIFT completely is very complex and sensitive, almost impossible. Because Hong Kong belongs to the most important re-export trade and international financial center in Asia, the US has huge economic, trade and financial interests in Hong Kong, and excluding Hong Kong from SWIFT will not only affect Chinese institutions and Hong Kong, but also all international institutions in Hong Kong will be seriously affected.