2022 July
Studying and Carrying Out the Principle of President Xi’s Speech

President Xi Jinping visited Hong Kong to extend his congratulations and deliver an important speech on the 25th anniversary of Hong Kong’s return to the motherland. The business community should reflect on and ponder over his speech as it sheds light on the future course for Hong Kong.


CGCC members welcome clear prospects for Hong Kong

In view of this, the Chamber immediately held an exchange meeting on studying and putting into practice the principle of President Xi Jinping’s important speech. Over 100 people, including Yuen Mo, the Chamber’s Chairman; Ricky Tsang, Connie Wong, Tommy Li, Johnny Yu, Herman Hu, Rock Chen, Tse Yung-hoi and Charles Cheung, Vice-Chairmen; Jonathan Choi, Permanent Honorary President; Ian Fok, Henry Wu and David Chan, Life Honorary Chairmen; Martin Liao, LegCo Representative, as well as Standing Committee Members and Committee Members, communicated online and shared their impression and in-depth understanding of the content of President Xi’s speech.


Participating members believed that the Chamber can actively perform the bridging function as a chamber of commerce to drive members to thoroughly carry out President Xi’s “four musts” and strive to support meeting his “four hopes” for Hong Kong, joining efforts with the business community and all social sectors to align with national development. They also believed that adhering to “One Country, Two Systems” is the key to Hong Kong’s development. President Xi stressed that the Central Government's implementation of the “One Country, Two Systems” principle will not change, which undoubtedly gave a boost to Hong Kong’s future development.


President Xi specifically mentioned that the Central Government fully supports Hong Kong in keeping its business environment free, open and regulated. Participants agreed that this has far-reaching implications for Hong Kong and will open up room for more diversified development for the Hong Kong business community. Participating members also looked forward to the new Chief Executive and the new-term HKSAR Government proactively enhancing the competitiveness and governance efficiency of Hong Kong.


Hong Kong’s business community has high hopes for the future

Later on, the Chamber, together with the Chinese Manufacturers’ Association of Hong Kong (CMA), the Hong Kong General Chamber of Commerce (HKGCC), the Federation of Hong Kong Industries (FHKI), the Real Estate Developers Association of Hong Kong (REDA), the Hong Kong Chinese Importers’ & Exporters’ Association (HKCIEA), the Employers’ Federation of Hong Kong (EFHK), the Guangdong-Hong Kong-Macao Bay Area Entrepreneurs Union, and the Hong Kong China Chamber of Commerce (HKCHCC), held a symposium on the Hong Kong business community studying and putting into practice the principle of President Xi Jinping's important speech. Tan Tieniu, Deputy Director of the Central Government’s Liaison Office in the HKSAR, was present to provide guidance and deliver the keynote speech.


Tan stressed on President Xi’s major assertion on “One Country, Two Systems”, clearly demonstrating the Central Government’s firm confidence in “One Country, Two Systems”. President Xi’s summary of the “four musts” for Hong Kong’s development clearly pointed to the right direction of a long-term and steady development of “One Country, Two Systems”, while the “four hopes” accurately described the path for Hong Kong’s progress toward prosperity after returning to order. Tan suggested that the Hong Kong business community should thoroughly study the principle of President Xi’s important speech and take the lead in publicising and gaining deeper insights into it, firmly support the new-term HKSAR Government in its efforts in law-based administration, put efforts into making policy suggestions, actively promote Hong Kong’s integration into national development, and pay attention to helping young people develop into talents.


Participating leaders and representatives of chambers of commerce, including Yuen Mo; Allen Shi, President of the CMA; Jonathan Choi, Standing Committee Member of the CPPCC National Committee and Chairman of the Guangdong-Hong Kong-Macao Bay Area Entrepreneurs Union; Agnes Chan, Deputy Chairman of the HKGCC; Steve Chuang, Executive Deputy Chairman of the FHKI; Stewart Leung, Chairman of the Executive Committee of the REDA; Chan King, Vice-President and Honorary Secretary of the HKCIEA; Stephen Ng, Vice-Chairman of the EFHK, and Fu Kwan, Chairman of the HKCHCC, were unanimous that President Xi’s speech was inspiring and provided a clear direction for Hong Kong’s future development, giving the business community full confidence in building a more ideal business environment.