Chief Executive CY Leung says Hong Kong can make good use of the advantages of the “one country, two systems” principle to further develop the economy and boost people’s livelihood.
Speaking to the media in Beijing today, Mr Leung said he met National Development & Reform Commission Chairman Xu Shaoshi and discussed the National 13th Five-Year Plan.
He said as China’s international status rises, Hong Kong, as a part of China, has an “one country” advantage over overseas cities.
On the other hand, Hong Kong is different from other Mainland cities, as it adopts a market economy and the rule of law, and is an open society, advantages of the “two systems”.
Hong Kong has the potential to be an international maritime services hub, he said, and Mainland funds can flow to the global market through Hong Kong’s financial connections and expertise.
Mr Leung met China Securities Regulatory Commission Chairman Xiao Gang today, and both sides hoped to launch the Shenzhen-Hong Kong Stock Connect as soon as possible. They also discussed ways to expand and improve the Shanghai-Hong Kong Stock Connect arrangements.
Mr Leung met the heads of two commercial banks today, and said their operation in Hong Kong will help to boost Hong Kong’s status as an international financial centre, while Hong Kong can help them to expand their business.
