An­tonello De Riu

Points out that mas­sive re­serves, full em­ploy­ment and a plum po­si­tion in the B&R and Greater Bay Area projects au­gur bright prospects for city

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

Since its in­cep­tion on July 1, 1997 the Hong Kong Spe­cial Ad­min­is­tra­tive Re­gion has en­coun­tered tough chal­lenges, from the Asian fi­nan­cial cri­sis to the out­break of SARS epi­demic, yet made ex­tra­or­di­nary achieve­ments based on its core strengths of global con­nec­tiv­ity, rule of law and role as an in­ter­na­tional fi­nan­cial cen­ter.

The gov­ern­ment’s fis­cal re­serves are at a record high, mer­chan­dise ex­ports in­creased sub­stan­tially and un­em­ploy- ment re­mains at a record low. More­over, po­lit­i­cal rights con­tinue to be ex­er­cised by dis­parate sec­tors of the com­mu­nity as was guar­an­teed by the Ba­sic Law. The unique “one coun­try, two sys­tems” for­mula clearly has worked won­der­fully as Hong Kong at­tracted an un­prece­dented num­ber of vis­i­tors from all over the world in the past 20 years. Women can walk its streets un­ac­com­pa­nied any hour of the day, thanks to the pro­fes­sion­al­ism of its finest, its gov­ern­ment is uni­ver­sally re­garded as one of the most ef­fi­cient and least cor­rupt, and its trans­port net­work The au­thor is Italy’s con­sul-gen­eral for Hong Kong and Ma­cao.

duly rated as one of the most re­li­able any­where. It’s no ac­ci­dent that the city has been des­ig­nated to play a piv­otal role in the in­ter­na­tion­al­iza­tion of the yuan on ac­count of its world-class bank­ing and fi­nan­cial ser­vices.

Look­ing to the fu­ture, the HKSAR faces sig­nif­i­cant chal­lenges as well as his­toric op­por­tu­ni­ties be­yond its bor­ders, po­ten­tially ben­e­fit­ing not only it­self but China as a whole, and other coun­tries. Per­haps the most de­mand­ing task the new SAR

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