Time to enhance economic competitiveness

Mr. Wang Mingang, Hong Kong deputy to the National People's Congress and chairman of the Gangyi Group, said that compared with the planning proposals announced by the Central Committee of the Communist Party of China, the draft outline of the 13th Five-Year Plan has added the phrase "international asset management center function" after "support Hong Kong to strengthen its position as a global hub for offshore RMB business". The expression "international asset management center function" was added after "support Hong Kong to strengthen its position as a global offshore RMB business hub", highlighting Hong Kong's important financing function in the country's strategic pattern of "going out" and "bringing in".

"Over the years, Hong Kong has accumulated rich experience in areas such as financial investment, trade and shipping, and modern service industries, and has retained a financial system that is relatively independent from that of the mainland and highly open to international capital." With the clear support of the 13th Five-Year Plan, Hong Kong will be able to better fulfill its role as a platform for quality financial services in the country's opening up to the outside world, he said.

Mr. Ma Fung-kwok, a deputy to the National People's Congress and a member of the Legislative Council of the Hong Kong SAR, said that the SAR Government had established the Innovation and Technology Bureau not long ago, hoping that the development of science, technology and innovation would bring Hong Kong new economic growth points. With the clear support of the state, the development will be smoother. "Accelerating the construction of national laboratories will help raise the level of scientific research and strengthen cooperation with the mainland's science and technology industry, which will also help greatly in transforming scientific research results into economic benefits."

CPPCC National Committee member, Hong Kong's well-known lawyer Chan Ching-ha said, Hong Kong adopts the common law system familiar to the international business community, has a relatively rich international investment, trade and finance and other areas of legal experience, in the service of foreign investment, economic and trade exchanges, etc., can provide professional international legal advice and dispute arbitration services, to play an important role.

Promising prospects for deepening cooperation with the Mainland

Chan Ching-ha believes that Hong Kong, with its mastery of the prevailing rules of international economic and commercial activities, open, free and highly internationalized market, free flow of capital, talents and information, and mature market regulation, can play the role of "super-contact person" between the Mainland and the countries and regions along the Belt and Road, and serve as an important intermediary between Mainland enterprises going out and foreign enterprises coming in. It can play the role of "super contact person" between the Mainland and the countries and regions along the "Belt and Road", serve as an important intermediary between Mainland enterprises going out and foreign enterprises coming in, and promote and deepen the cooperation between Mainland enterprises and the countries along the "Belt and Road". It promotes and deepens the cooperation between Mainland enterprises and those along the "Belt and Road".

Mr. Wei Mingde, member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and Chairman of Hong Kong's Ruide Capital Group, believes that there are advantages, opportunities and space for the Mainland and Hong Kong to jointly promote the development of the bond market. It is proposed to build a bond trading platform in the Mainland's Pilot Free Trade Zone; to fully establish the interconnection system between the two bond markets and strive to jointly build an international center for bond trading; to encourage and support Hong Kong professionals to practice in the Mainland; and to promote the development of bond rating agencies, advance the internationalization of credit ratings, and increase investor confidence in China's bond market.

Putting aside strife and working together for development

Hong Kong deputies and members also expressed deep concern that some people in Hong Kong are "opposing for the sake of opposition" and delaying social and economic development. "The State has pointed out the direction very clearly, but if Hong Kong people themselves are not willing to take the first step, the State's support will not be realized." said Mrs. Sophie Liu, a deputy to the National People's Congress (NPC) and chairman of Hong Kong's Kimberly-Clark Investments Ltd.

"The opportunity does not wait for anyone, it depends on whether we grasp it." National People's Congress, the Hong Kong Federation of Trade Unions Chairman Wu Qiubei said, Hong Kong should get out of the political disputes and social cleavage, expand the "stability" "development" of the social consensus, and seriously consider how to ride the "13th Five-Year" this "express train", so that policies conducive to Hong Kong's economy and people's livelihood can be promoted. "The "express train", so that policies conducive to Hong Kong's economy and people's livelihood can be promoted.