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Greater success eyed for HKSAR under 'one country, two systems'

HONG KONG - The government of the Hong Kong Special Administrative Region has published an official commemorative book to mark the 25th anniversary of the establishment of the HKSAR.

HKSAR Chief Executive Carrie Lam Cheng Yuet-ngor said in the book's foreword that the experiences and success stories of the interviewees vividly resonate with the theme of the 25th anniversary A New Era — Stability, Prosperity, Opportunity.

The book "not only captures Hong Kong's impressive achievements over the past two and a half decades, it also underscores everyone's eager anticipation for a brighter future, Lam said.

Looking ahead, Hong Kong will capitalize on the opportunities presented by the 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the development of the Guangdong-Hong Kong-Macao Greater Bay Area, and spare no effort in developing the Northern Metropolis for better integration into the national development, she said.

The following are some highlights in the book.

International financial center

Laura Cha Shih May-lung, chairperson of the Hong Kong Exchanges and Clearing Limited (HKEX) and a veteran in Hong Kong's financial sector for more than three decades, has full confidence in the sector's future development.

She thinks that Hong Kong can withstand all challenges and maintain its status as an international financial center as long as it continues to capitalize on its unique advantage of leveraging support from the motherland while engaging the world, integrates into the national development, deepens its connection with the mainland's financial market, and develops green and sustainable finance.

"Being a relatively small economy with a population of just over 7 million, Hong Kong would not have developed into the international financial center it is now without the strong backing of the mainland's continuous development," she said.

Hong Kong, while maintaining its strengths, should ride on the mainland's development and make room for favorable conditions for boosting growth, said Cha.

"We will continue to deepen our mutual market access with the mainland and expand the scope of investment products on both sides. By so doing, we will be able to cater for the needs of our country, and benefit from our integration into the national development," she added.


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