(9 years, 11 months ago)
Commons ChamberAs a fellow Select Committee Chairman, I am very grateful for the right hon. Gentleman’s support and he will fully understand the position the Committee finds itself in. If he does not mind, I will leave it to the Minister to answer his question, perhaps when he winds up, but I would say that the Foreign Office has been nothing but supportive of the Committee throughout this unhappy episode.
Thirdly, and most importantly, this decision points to China’s direction of travel. If there is a commitment to democracy in Hong Kong, one first has to understand democracy. Democracy embraces criticism, and constructive criticism is the most valuable thing democracy can provide. If China blatantly blocks well-wishers like this Parliament, that raises big, unanswered questions which will alarm the people of Hong Kong and the region. This decision will not go unnoticed in Taiwan.
May I say that it is a pleasure to serve on the FAC under my right hon. Friend’s chairmanship? Does he agree that the Chinese Government have already concluded that they know what our report will say, which is unwise, and they have forfeited the opportunity to put their case to the Committee?
My hon. Friend is absolutely right and I value his support on the Committee. We have approached this inquiry with an open mind, and I think the Chinese Government and the Hong Kong authorities are missing a real opportunity by declining to give evidence to us. Indeed they do not even recognise the Committee as they continue to call this a “so-called inquiry.”
Finally, Hong Kong is the largest stock market in China and its main financial services hub, supporting a fifth of the world’s population. It currently has free flows of money, goods and services. What sort of message does this send to future investors? This arbitrary action can only harm China’s reputation and financial interests in an increasingly global world. In Asia, a stable Singapore looks a much better place to do business at the moment.