China urges EU to stop Hong Kong interference – Xinhua

Speaking at a news briefing, Wang Wenbin, a Chinese Foreign Ministry spokesperson, urged the European Union (EU) to not interfere in the Hong Kong affairs, per Xinhua news agency.

Key quotes

“Hong Kong is a special administrative region of China, and Hong Kong affairs are purely China's internal affairs, which no foreign country or organization has the right to interfere with.”

"It is fully consistent with the relevant provisions of the Chinese Constitution and the Basic Law of the Hong Kong SAR, and it is conducive to not only the long-term stability and prosperity of Hong Kong but also safeguarding the legitimate rights and interests of all foreign enterprises and personnel in Hong Kong," 

“The relevant measures adopted by the EU violated the basic principle of non-interference in other countries' domestic affairs in international relations. China is firmly opposed to this and has lodged an official complaint with the EU.”

"We urge Europe to earnestly respect China's position and actions on national security issues in Hong Kong, stop interfering in Hong Kong affairs and China's internal affairs in any way, do more to support the prosperity and stability of Hong Kong, and focus on maintaining the healthy development of China-EU relations.”

This comes after media reports that the EU issued a series of measures Tuesday against China's national security legislation for Hong Kong, including restrictions on the export of sensitive technology and equipment to Hong Kong.

FX implications

So far this Thursday, markets have paid little heed to the above China-EU spat, as the broader sentiment remains at the mercy of the post-FOMC risk flows and USD dynamics.

EUR/USD is off the multi-year highs, trading modestly flat around 1.1780, at the press time.