Bolstering Economic Confidence is Key
It is a delight to see that the new Budget has adopted a number of recommendations by CGCC to address these issues, including the removal of the “harsh measures” for the property market, the expansion of the scope of government bonds, and concrete measures in other areas such as to rebuild business confidence.
To maximize the economic benefits of the Guangdong-Hong Kong-Macau Greater Bay Area, it is essential that the regional city cluster must break away from past limitations, so that the level of cooperation can transcend the traditional Pearl River Delta model.
On this occasion when we celebrate the important day of the 20th anniversary of Hong Kong’s reunification with the Motherland, we congratulate the new Chief Executive, Carrie Lam, and officials of the new HKSAR Government on assuming office.
At a reception for the Chamber’s new term of Committee Members in Beijing last month, Zhang Dejiang, Chairman of the Standing Committee of the National Peopleʼs Congress, stressed that “One Country, Two Systems” is the best framework for the interests of Hong Kong’s development, and its successful implementation is widely recognized by the international community.
Controversies over the MPF offsetting mechanism have drawn much attention lately. Representatives of both employees and employers and the government have been maintaining close communication regarding their different views.
Over the last few years, I have been submitting CPPCC proposals regarding the construction of the Guangdong-Hong Kong-Macau Greater Bay Area.
Innovation and technology has become an important engine to drive sustained and diversified economic development in many parts of the world.
The Year of the Rooster is finally here to grace this wonderful spring. Let me take this opportunity to wish all Committee Members and Members of the Chamber as well as our friends from different sectors a prosperous new year!
In the past year, Hong Kong’s business environment was inevitably affected by the increasing downward pressure on the economy, continuing social conflicts and rising operating costs.
Hong Kong should respond to the new developments. While consolidating its pillar industries, Hong Kong also has to support the development of potential industries such as the innovation, technology, cultural and creative industries.
The new Committee will uphold the Chamber’s missions to serve the business community, participate in Hong Kong and the country’s economic construction, and contribute to the society. We will serve members wholeheartedly.
