Patriots assure prosperity in Hong Kong
Without political stability, the SAR cannot bring benefits to either residents or foreign investors
The central authorities’ move to reform the electoral system of Hong Kong based on the principle of “patriots administering Hong Kong” is aimed at maintaining the special administrative region’s prosperity and stability.
Those administering Hong Kong should not only have an international vision but also a deep sense of patriotism. The improvement of Hong Kong’s electoral system will ensure the smooth functioning of the SAR government by eliminating any space for secessionists, subversives and radical localists.
Some non-patriots in Hong Kong’s administrative and judicial systems, by fanning political passions and advocating violence in 2019, trampled upon the rule of law, fractured the social order, undermined the SAR’s prosperity and stability, and challenged the bottom line of the “one country, two systems” principle.
Violating the fundamental principle of “one country, two systems”, they colluded with external antiChina forces to trigger a “color revolution”, in an attempt to destabilize Hong Kong, paralyze the SAR government, and sabotage the Chinese mainland’s development.
No responsible government would sit idle and allow this to happen again. Therefore, the central authorities acted timely and decisively by expediting Hong Kong’s electoral system reform.
Hong Kong must be governed by patriots to ensure the principle of “one country, two systems” is adhered to.
Only by ensuring that the principle of patriots administering Hong Kong is followed can the central government help Hong
Kong use its advantages to expand its space for development, promote innovation, make more contributions to the motherland, and deepen its bonds with mainland compatriots.
Without political stability and the participation of patriots familiar with State affairs and having a global vision in the SAR’s administration, Hong Kong cannot bring greater benefits to either its residents or foreign investors.
Investing in Hong Kong, especially in mainland companies listed on the Hong Kong Stock Exchange, is akin to investing on the mainland and sharing the dividends of the mainland’s steadily growing economy.
As an international financial and logistics hub through which foreign investors can avail of opportunities to invest in the mainland, Hong Kong should follow the principle of patriots administering Hong Kong to create more opportunities for foreign investors which will also boost the city’s development.
With more patriots participating in its administration, Hong Kong will be able to seize more opportunities created by the central government’s policies. The patriots will also help the SAR develop into a more active platform for the Belt and Road Initiative, explore new markets in Belt and Road countries, and expand its economic and trade cooperation with them.
It will also encourage more enterprises from Belt and Road countries to list on the Hong Kong Stock Exchange, motivate their public institutions to issue bonds in Hong Kong, prompt more foreign companies to set up regional headquarters in the SAR, which in turn will help raise more development funds for the Belt and Road Initiative and create more employment opportunities for Hong Kong residents.
The participation of more patriots in the SAR’s administration will also help people from all walks of life in
Hong Kong to seize the new economic growth momentum.
More important, Hong Kong can truly benefit from the mainland’s market of 1.4 billion people and integrate into the Guangdong-Hong Kong-Macao Greater Bay Area only by adhering to the principle of patriots administering Hong Kong.
With COVID-19 unlikely to be contained in the European Union and the United States in the short term, the continued economic slump will further weaken their demand for imported goods.
As such, Hong Kong’s exports to the EU and US are likely to see low, if not negative, growth. Meanwhile, the mainland’s economy is back on the growth track, with domestic demand gradually rebounding.
Patriots administering Hong Kong will help Hong Kong residents integrate with the Greater Bay Area and capitalize on opportunities created by the mainland’s steady economic development, and thus put Hong Kong firmly on the road to greater prosperity.