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Policy Address

IV. New Impetus to the Economy: Integration into the National Development

Leveraging Our Country and Engaging Ourselves Globally

38. The loud and clear heading of “Integration into the National Development” in the economy chapter in this year’s Policy Address has expressly stated that the developments of Hong Kong and our country are closely related. Only by leveraging the Central Government’s policies in support of Hong Kong can we give full play to our unique strengths, which will in turn bring continuous impetus to our economy.

39. Hailed as an economic miracle, Hong Kong has evolved from an obscure fishing port to an international financial, trade and transportation centre today. Having undergone numerous rounds of restructuring, regardless of whether they occurred before or after our return to the Motherland, the Hong Kong economy has always been closely intertwined with the development of our country. Driven by changes to the external environment, guided by the direction of the Mainland policies and led by the market forces, all these restructuring processes have been attributed to the remarkable acumen, brilliant versatility and “can-do” spirit of Hong Kong entrepreneurs. The current-term Government stresses that we should play the role of a “facilitator” and a “promoter” to keep connecting with the world to open up markets and explore business opportunities for our enterprises. Yet, notwithstanding the huge Mainland market, the local political forces against the Central Government have more often than not stood in our way, preventing us from reaping fully the benefits of our country’s development.

40. Fortunately, the implementation of the National Security Law and the improvement to our electoral system have restored safety and stability in society. Hong Kong is now ready again for a new start for economic development. The 14th Five-Year Plan, the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area, the Plan for Comprehensive Deepening Reform and Opening Up of the Qianhai Shenzhen-Hong Kong Modern Service Industry Co-operation Zone, the economic development pattern of not only greater domestic circulation but also domestic and international dual circulation, as well as the Belt and Road Initiative, have brought unlimited opportunities for enterprises and professional services providers in Hong Kong, thereby allowing Hong Kong to benefit from its proximity to the Mainland. I will highlight how we shall leverage the Central Government’s support to enhance our competitiveness as the eight international centres or hubs charted in the 14th Five-Year Plan with a view to building a brighter future for Hong Kong. We have prepared fact sheets on each centre/hub for promotional purposes. All are welcome to read and help distribute to those interested.