Published: 10:38, September 28, 2021 | Updated: 12:01, September 28, 2021
HKMAO: Hong Kong's business environment sturdy
By Xinhua

Aerial photo taken on July 16, 2020 shows Hong Kong's Victoria Harbour. (XINHUA)

BEIJING - A recent report by the Hong Kong Special Administrative Region government has shown the region’s robust business environment, a central government spokesperson said Monday.

The spokesperson from the Hong Kong and Macao Affairs Office of the State Council voiced confidence in Hong Kong's future development and business environment, noting that the "Report on Hong Kong's Business Environment: A Place with Unique Advantages and Unlimited Opportunities" has refuted slander from the United States and will help the international community learn about Hong Kong and boost its confidence in the region.

The Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region also said that "one country, two systems" is the biggest advantage of the region’s business environment.

Hong Kong has been put back on track after the implementation of the national security law, said a spokesperson Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region 

Facts in the report have demonstrated that anti-China forces from the United States are the greatest threat to Hong Kong's business environment, the HKMAO spokesperson said.

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Hong Kong's chaos in 2019, which was instigated and supported by the United States and other external forces, has seriously endangered the rule of law there, and China's national security and business environment in the region, the spokesperson said, adding the United States used Hong Kong-related affairs to curb China's development and what it did is despicable.

The central government has always provided firm support for Hong Kong's business environment, the spokesperson said, noting that the enactment and implementation of the national security law, the improvement in the HKSAR's electoral system, and implementation of the principle of "patriots administering Hong Kong" aim to restore order and make Hong Kong return to the track of development.

According to the report, social stability, administrative efficiency, economic growth, and the financial market in Hong Kong have improved since the implementation of the national security law, the spokesperson said.

For over a year, the steady development of foreign enterprises in Hong Kong provides strong evidence of the region's sound business environment, the spokesperson said.

The spokesperson of the liaison office said social stability is the cornerstone of economic development, recalling the dark time during the social unrest in 2019 when rampant violence impacted the economy and people's well-being, trampled on the rule of law, and brought about huge losses and uncertainties to Hong Kong's economy.

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Hong Kong has been put back on track after the implementation of the national security law in the region, the spokesperson said.

Funds raised through initial public offerings topped HK$500 billion ($64.24 billion), up about 50 percent year on year. The aggregate deposits in banks increased by nearly 8 percent to surpass HK$15 trillion. In the first three months of this year, Hong Kong's economy grew by 7.9 percent, with the contribution of trade being the highest in 10 years.

A survey by the Hong Kong General Chamber of Commerce said over 60 percent of business respondents believed the national security law in Hong Kong will bring positive or neutral influence to their business. A latest international index showed Hong Kong has returned as a top-three global financial center.

As for Hong Kong's economic development, the country's reform and opening up is the biggest arena and "one country, two systems" is the biggest advantage, the spokesperson said.

The central authorities have been attaching great importance to Hong Kong's prosperity and stability as well as people's well-being, rolling out many favorable policies, the spokesperson said, citing the fresh opportunities brought by the 14th Five-Year Plan for national socio-economic development, the development of the Guangdong-Hong Kong-Macao Greater Bay Area, and the newly unveiled plans on Hengqin and Qianhai.

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In the process of integrating into the national development, Hong Kong's unique advantages in business environment will be even stronger, the spokesperson said.

Foreign chambers of commerce also see the opportunities, saying Hong Kong still has a sound business environment and will continue to play as a super-connector between the mainland and the world, the spokesperson said.

As the mainland became the only major economy that registered positive growth in 2020, the spokesperson said the motherland will provide the strongest support for Hong Kong and urged the global financial hub to make full use of its advantages and make greater progress in its integration into the national development landscape.