Strengthen and Consolidate Hong Kong’s Status as International Financial Center for Better Competitiveness
Amid intense competition from other financial centers, Hong Kong must have crisis awareness and continue to strengthen and consolidate its status as an international financial center.
Our students must understand both the ancient and modern history of China as well as recognize that Hong Kong and the country share the same course of history in order to strengthen their sense of belonging to the country so that they will not harbour the absurd idea that Hong Kong can be an independent sovereign state.
Under the current political ecology, the work of the Legislative Council is increasingly difficult. Martin Liao, legislator of the Commercial (Second) Functional Constituency, is re-elected for his second term. He looks forward to ride on his four years of LegCo experience, to uphold his conviction and to serve the community.
To truly solve the imminent needs of SMEs, the Government, lending institutions and HKMC must strengthen communication among themselves to seek consensus as soon as possible in order to mitigate the SFGS restrictions on applications and claims properly.
For the successful implementation of the Paris Agreement, I hope that the Chief Secretary could boldly, without hesitation, lead other relevant departments to more appropriately address climate change.
The positive approach adopted by the Policy Address that values the “13th Five-Year Plan” and the “One Belt and One Road”Initiative is going the right way. Yet, to achieve mutual benefits and shared success, it must be aligned with development of the local financial sector. There is much room for the Hong Kong Government to improve in the bond market and on the laws and regulations for the financial technology sector.
This year’s comprehensive, detailed, progressive and forward-looking Policy Address delivered by the Chief Executive for Hong Kong’s long-term development is worthy of our support.
Given the trend of globalization, significant changes have emerged in the nature and training of vocations to cater to the new model of social development. Hong Kong needs to further strengthen vocational education in order to develop a diversified, multi-channel and highly acceptable education and training system.
The traditional Key Industries in Hong Kong, including the Finance Services, Trading and Marine Services Industry, as I have mentioned in my previous article in this series, surely can benefit a lot from the economic activities arising from the vision of “One Belt and One Road”. For the emerging economic sectors, they can find new directions for development from it as well.
This year is the year when China starts to build the “One Belt and One Road”, and the steady progress of this strategic initiative is an important part of the “13th Five-Year Plan” that the country is currently focusing on formulating. The HKSAR Government should provide leadership and support to various industries to promptly capture the opportunities arising from the “One Belt and One Road” and seek a new direction for Hong Kong economy’s as a whole.
The HKSAR Government must learn from mistakes and improve Hong Kong’s infrastructure to increase our capacity for tourists, and enhance education and publicity to stop radicals from advocating parochial nativism under the pretext of protest against nuisance caused by parallel traders.