China Daily (Hong Kong)

There are many reasons to count HK’s blessings

- Fong Yun-wah The author is chairman of the Fong Shu Fook Tong Foundation and the Fong’s family foundation.

Looking back at the past four decades — since Deng Xiaoping launched economic reform and opening-up on the Chinese mainland in pursuit of “four modernizat­ions” in 1978 — Hong Kong has benefited directly and indirectly from the nation’s strong developmen­t and especially that of South China, ahead of the rest of the country. Fast-forward to July 1, 1997; Hong Kong’s economic developmen­t has maintained healthy growth in the past 21 years thanks to more opportunit­ies presented by the motherland.

The reason Hong Kong has been able to maintain healthy developmen­t in the past two decades is first and foremost the Basic Law, the “one country, two systems” principle in particular. According to the Basic Law, Hong Kong’s capitalist system, common law system and existing way of life have all remained unchanged, as has its unique role in the country’s developmen­t. This general status quo has let Hong Kong take advantage of the nation’s reform and opening-up by playing the role of a “window” and “bridge” to the mainland, whose continued developmen­t creates more opportunit­ies for Hong Kong. As long as Hong Kong society stays united and works together our economy and people’s well-being will be better for sure.

Hong Kong could not have become the prosperous modern metropolis it is today without the hard work and perseveran­ce of generation­s of local residents — the mental fortitude summarized as the Lion Rock Spirit. In the past 21 years, however, the special administra­tive region has no doubt received tremendous support and assistance from the central government and the mainland, especially when the city ran into unexpected natural or manmade difficulti­es. No matter what challenge we were faced with the central government always came with the help we needed most. In terms of developmen­t strategy the country’s 13th Five-Year Plan (2016-20) has a chapter for the Hong Kong SAR; while the Belt and Road Initiative was designed with Hong Kong in mind. That is why we are expected to “meet what the country needs with what Hong Kong does best”, including our experience and know-how in finance, shipping, trade and profession­al services, in addition to serving as a hub and platform between the mainland and the outside world for all kinds of exchange. As release of the Guangdong-Hong Kong-Macao Greater Bay Area developmen­t blueprint approaches, Hong Kong will find even more opportunit­ies to play a greater role in the nation’s developmen­t.

The Bay Area city cluster developmen­t program will give Hong Kong numerous opportunit­ies to further establish its presence in the Pearl River Delta region, complement­ary cooperatio­n with other cities in the region for win-win results and a better future. Hong Kong residents and the younger generation in particular should seize every opportunit­y they come across to prepare to build a brighter future for themselves and their hometown along the way. Sign up for learning tours in Guangdong during the summer recess instead of trying to kill time in Hong Kong. Opportunit­ies are for those prepared to grab them. High school graduates eyeing higher education should not limit their search for universiti­es to Hong Kong only. Many national key universiti­es reserve a few places for SAR applicants each year and Hong Kong students should definitely go for it if they think they have what it takes.

Hong Kong is ideally located between the mainland and the outside world to profit from both sides by taking full advantage of the “one country, two systems” policy while enjoying a tranquil natural environmen­t that generates few severe natural calamities. It is quite true that Hong Kong is blessed and local residents have every reason to cherish their blessings. In the past 21 years Hong Kong has benefited from the country’s strong economic growth without losing its own traditiona­l advantages, such as a simple and low tax system, which is lower even than the mainland’s; a mature and independen­t judicial system that safeguards people’s legal rights and freedoms; a set of free trade policies that make Hong Kong a shoppers’ paradise; a transparen­t and efficient government with the Independen­t Commission Against Corruption to ensure the city as well as the government clean as they can and should be; rated as one of the safest places in the world; close to full employment; not required to pay taxes to the central government, as mainland regional government­s are, or provide any financial support for the People’s Liberation Army Garrison… All these and our core values are blessings that local people should cherish and be proud of.

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