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Trade between the two countries increased by more than 18 percent against the trend in the first half of this year, showing huge space and complementary advantages for bilateral cooperation, he said.

"If the United States is bent on going down the wrong path and doubles down on its mistakes, China is compelled to make necessary and legitimate reactions to firmly safeguard its legitimate rights and interests," said Wang.

In response to the so-called U.S. sanctions, the Hong Kong Monetary Authority said that unilateral sanctions imposed by foreign governments are not part of the international targeted financial sanctions system passed by the United Nations and have no legal effect in Hong Kong.

Yang also said that the three countries hailed the progress China has made in containing the COVID-19 outbreak and in resuming work and production, view China as an opportunity for development, and are ready to maintain high-level exchanges in various ways to constantly consolidate strategic mutual trust.

Officials of central government agencies responsible for Hong Kong affairs and of the HKSAR exercise governance in Hong Kong according to the Constitution and the Basic Law, and they are staunch defenders of Hong Kong's overall interests and residents' well-being, the spokesperson said.