The Zhitong Finance App learned that Hong Kong's Financial Secretary, Mr Chan Mao-po, posted on social media platforms that Hong Kong's economy has recorded 14 consecutive quarters of growth, with a growth rate of 5.1% in the first half of the year, exceeding market expectations. He stressed that development and security must be taken into account in an integrated manner; the two are “comprehensive issues of integration and two aspects”. Currently, Hong Kong is actively integrating into the overall national development agenda and advancing the preparation of the first five-year plan to enhance long-term development momentum.
Chen Maobo said that under “one country, two systems,” Hong Kong's status as a free port, its degree of internationalization, open and diverse social environment, its function as a hub connecting the mainland and the world, and a simple low tax system remain its core competitive advantages. However, only by adding a safe, stable, and predictable investment environment can capital, enterprises, and talents be pooled. This is the most critical consideration for any long-term investment. He stressed that national security barriers have continued to be strengthened in recent years, creating a more ideal business environment for Hong Kong.
Meanwhile, in many international financial, innovation and technology, talent and overall competitiveness rankings, Hong Kong continues to achieve excellent results. According to the data, the parent company had more than 11,000 overseas companies in Hong Kong last year, reaching another record high. Foreign chambers of commerce and enterprises have expressed confidence in Hong Kong's economic prospects.
Chen Maobo concluded that under the complex and changing geopolitical situation, Hong Kong is a “safe harbor” and “development port” for domestic and foreign capital, enterprises and talents to focus on development and prospects. He reiterated that the SAR government will continue to protect high-quality development with a high level of safety and ensure the steady and far-reaching implementation of “one country, two systems.”