Policy Address
285. We must not be complacent, nor should we underestimate our own capabilities. In the last three years, Hong Kong has climbed higher thanks to the teamwork of the Government and the community. We have risen one spot to become the world's third-largest international financial centre, and our overall competitiveness has jumped four places to also rank third globally. In talent competitiveness, we have leapt twelve spots, now sitting at fourth in the world. The number of registered local companies has hit a record high, as has the number of non-local companies setting up operations in Hong Kong. The median household income has also grown by 11%, an increase of $3,000. These numbers tell a clear story: investors around the world trust Hong Kong, and our city is vibrant, stable, and poised for long-term growth under "One Country, Two Systems".
286. Hong Kong faces challenges and is also presented with continuing opportunities amid the changing world. Our country, the world's second-largest economy, is our staunchest supporter and the source of our biggest opportunities. Combined with Hong Kong's international prospects, our opportunities far outweigh the challenges. By working together, innovating, and embracing reform, we will turn our beloved Hong Kong into an even better home for everyone. The Pearl of the Orient will keep shining brighter than ever before.