Carrie Lam confident in Hong Kong's integration into national development

Hong Kong needs to understand the overall planning of the entire country, find its own position in it and better fit into the national development while boosting its advantages, Chief Executive of China's Hong Kong Special Administrative Region (HKSAR) Carrie Lam said on Monday. 

Hong Kong's future development will surely be very bright and its biggest advantage is "One Country, Two Systems," Lam said in a joint interview with several media outlets. 
In recent years, Hong Kong's economic development has not been an economic issue but a political one, she said. 
But "now we have a very good start," Lam said, citing the enactment of the national security law in Hong Kong, improvements to Hong Kong's electoral system, the 14th Five-Year Plan (2021-2025) for national socioeconomic development and a newly-released plan for further developing the Shenzhen-Hong Kong cooperation zone in Qianhai. 
"We are confident that Hong Kong can better integrate into the overall development of the country in the future," she said.

HKSAR Chief Executive Carrie Lam receives an interview in Hong Kong, south China, September 13, 2021. /CFP

HKSAR Chief Executive Carrie Lam receives an interview in Hong Kong, south China, September 13, 2021. /CFP

The five-year plan has dedicated a chapter outlining strategies to support Hong Kong in improving its status as a global financial, shipping and trade hub, bolstering its offshore renminbi business, wealth management and risk management, developing into a legal and dispute resolution center, and marching towards high-end, high value-added services. 
Lam particularly highlighted Hong Kong's financial strengths. "We don't fear any slander," she said. "We need to look at the fact, which is that many overseas financial institutions are full of confidence in Hong Kong ... and we have seen many financial institutions that have already decided to increase their presence in Hong Kong." 
The five-year plan also encourages Hong Kong in developing aviation, innovation and technology, intellectual property trading and international cultural and art exchanges. To align Hong Kong strategies with national development, Lam believes Hong Kong should adopt a long-term perspective. 

She said the HKSAR government will look into the next 10 to 20 years when planning Hong Kong's development.


Lam also emphasized opportunities in the development of the Guangdong-Hong Kong-Macao Greater Bay Area and welcomed the new Qianhai plan and the recent launch of a cross-border wealth management program in the Greater Bay Area. 

Read more: 

Carrie Lam urges Hong Kong to seize opportunities from new Qianhai, Hengqin development plans

Hong Kong official hails 'inspiring' plan on enhancing cooperation with mainland
The cooperation with Shenzhen enables Hong Kong to have a bright future in developing technology and innovation, and the Qianhai plan that features a wider opening to Hong Kong's services also accords enormous opportunities, she said. 

To tap the opportunities, she called for improving transport infrastructure, policy alignment and cooperation mechanism between Hong Kong and Shenzhen, besides strengthening the national identity of Hong Kong residents.

Source(s): Xinhua News Agency

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