2024 RT Amination Banner.gif

China Daily

News> Hong Kong> Content
Saturday, November 07, 2020, 12:06
Hong Kong called on to prepare for growth role
By Gang Wen
Saturday, November 07, 2020, 12:06 By Gang Wen

Vice-Premier of the State Council Han Zheng meets Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor in Beijing on Friday morning. (INFORMATION SERVICES DEPARTMENT)

Vice-Premier Han Zheng on Friday called on Hong Kong to harness its advantages to better position itself to grasp the opportunities of the nation’s next stage of development.

He made his remarks during a meeting with Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor, who was on the last day of a three-day visit to Beijing to seek the central government’s support to revive the Hong Kong Special Administrative Region’s virus-battered economy.

The country is formulating the development plan for the next five years, based on proposals made in the Fifth Plenary Session of the 19th Central Committee of the Communist Party of China, Han said.

READ MORE: Hong Kong inspired by nation's openness

Han encouraged Hong Kong to seize opportunities from the nation’s future development, and give full play to its strengths. 

The central government will support all measures that will help maintain Hong Kong’s long-term prosperity and stability, increase people’s well-being, and facilitate Hong Kong’s integration into the country’s development. Central government ministries and departments will also be supportive of these measures, Han said.

He spoke highly of the SAR government’s performance this year, noting its efforts to control the pandemic, alleviate people’s hardship, revive the economy and implement the National Security Law for Hong Kong. 

He expressed the central government’s firm, unwavering support for Lam and her administration to lead the city in accordance with the law.

The city can find better position in the nation’s development with deeper financial connections with the mainland.

Tim Lui Tim-leung, 

chairman of the Securities and Futures Commission of Hong Kong

Speaking to China Daily on Friday,  Witman Hung Wai-man, principal liaison officer for Hong Kong at the Shenzhen Qianhai Authority, encouraged Hong Kong to use its strengths in talent cultivation to make new contributions to the nation’s 14th Five Year Plan (2021-25).

He suggested Hong Kong’s top universities set up more joint educational institutions in the city with overseas educational powerhouses, citing the success of Yale-NUS College, a collaboration between Yale University and the National University of Singapore.

Tim Lui Tim-leung, chairman of the Securities and Futures Commission of Hong Kong, said the city can find better position in the nation’s development with deeper financial connections with the mainland, which has taken the lead in economic recovery amid a global recession caused by the COVID-19 pandemic. 

ALSO READ: Lam says central govt firmly supports the SAR

To strengthen such financial collaboration, he called for further relaxation of restrictions in cross-boundary purchases of financial products, and adding the stocks that made secondary listings in Hong Kong to the Shenzhen-Hong Kong Stock Connect and Shanghai-Hong Kong Stock Connect.

During her three-day visit, Lam and five Hong Kong principal officials met with leaders from six central government ministries in charge of technology, commerce, aviation, health, development and securities regulation.

The Hong Kong delegation will discuss development of the Guangdong-Hong Kong-Macao Greater Bay Area and Shenzhen-Hong Kong cooperation with local officials in Guangzhou and Shenzhen on Saturday.

gangwen@chinadaily.com.cn


Share this story

CHINA DAILY
HONG KONG NEWS
OPEN
Please click in the upper right corner to open it in your browser !