A glo­ri­ous and pros­per­ous fu­ture awaits HK

China Daily (Hong Kong) - - 20TH ANNIVERSARY OF HKSAR -

ad­min­is­tra­tion has to face is to ar­rive at a po­lit­i­cal re­form pack­age for demo­cratic elec­tion ac­cept­able to all par­ties without vi­o­lat­ing the pa­ram­e­ters of the Ba­sic Law and the prin­ci­ple of “one coun­try, two sys­tems”. But the HKSAR’s fu­ture is very promis­ing be­cause, while the Belt and Road Ini­tia­tive de­vel­ops, Hong Kong will be­come a spring­board for main­land com­pa­nies seek­ing to ex­pand busi­ness abroad and a plat­form for for­eign ones ea­ger to en­gage the Chi­nese main­land, thereby fur­ther boost­ing the city’s rep­u­ta­tion as a lead­ing fi­nan­cial and lo­gis­tics hub. Hong Kong’s unique ad­van­tages also as­sure it­self of an ac­tive role in China’s over­all eco­nomic de­vel­op­ment through the Guang­dong-Hong Kong-Ma­cao Greater Bay Area pro­ject — which rep­re­sents an econ­omy that would be the world’s 10 th largest if it were a coun­try.

By car­ry­ing on its tra­di­tion of good gov­er­nance, so­phis­ti­cated and in­terna- tion­ally con­nected fi­nan­cial and bank­ing ser­vices, ef­fi­cient pro­ject man­age­ment, le­gal com­pli­ance, in­tel­lec­tual prop­erty pro­tec­tion, fair ju­di­cial ar­bi­tra­tion and me­di­a­tion and many of its other best prac­tices, Hong Kong will most cer­tainly at­tract more busi­ness for it­self and in the process help re­al­ize the goals of the Belt and Road Ini­tia­tive, si­mul­ta­ne­ously el­e­vat­ing the city’s rep­u­ta­tion and in­flu­ence and spread­ing China’s soft power in the process.

In­deed, Hong Kong peo­ple have much to be grate­ful for as the city counts its bless­ings — fore­most of which is the high de­gree of au­ton­omy granted by the cen­tral gov­ern­ment, and to be al­lowed to re­tain the best busi­ness and le­gal prac­tices of the West, while en­joy­ing the many pref­er­en­tial treat­ments not avail­able to other cities on the main­land. In other words, Hong Kong is blessed from the best of both worlds!

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