Hong Kong Chief Executive Urges Embracing Third Plenum Spirit
In a bid to foster closer ties with mainland China and align Hong Kong’s development with the Communist Party of China’s (CPC) vision, Chief Executive John Lee has called for embracing the spirit of the third plenary session of the 20th Central Committee of the CPC. Lee emphasized the importance of integrating this spirit into daily life to propel Hong Kong’s long-term growth and prosperity.
Seminar Promoting Third Plenum Spirit
More than 500 government officials, Executive Council members, and lawmakers gathered at the government headquarters for a seminar aimed at promoting the spirit of the third plenum. Led by Shen Chunyao, vice-chairman of the Constitution and Law Committee of the National People’s Congress, and Commerce Minister Wang Wentao, the seminar delved into the key resolutions adopted during the plenum session.
The third plenum, which concluded recently in Beijing, focused on deepening reforms to advance Chinese modernization comprehensively. This resolution underscores the CPC’s commitment to driving sustainable growth and innovation across various sectors. By studying and internalizing the spirit of the third plenum, Hong Kong stands to benefit significantly in terms of economic development and global partnerships.
Chief Executive Lee’s Vision for Hong Kong
Addressing the press after the seminar, Chief Executive John Lee highlighted the significance of embracing the third plenum spirit for Hong Kong’s future development. He stressed the need to seize opportunities and leverage Hong Kong’s unique strengths, including its internationalization, market-oriented approach, and rule of law foundation under the ‘One Country, Two Systems’ framework.
Lee emphasized Hong Kong’s pivotal role as a super connector and value-adder in facilitating further reform and opening up in mainland China. As a bridge between the mainland and the global market, Hong Kong’s strategic location and expertise position it as a key player in driving international cooperation and investment.
Attracting High-End Talent to Hong Kong
When questioned about measures to attract top talent to Hong Kong, Chief Executive Lee mentioned the government’s initiatives to bring in graduates from prestigious universities worldwide. The Top Talent Pass Scheme, designed to lure skilled professionals to the city, has received an overwhelming response with 340,000 applications submitted so far. Of these, 210,000 applications have been approved, signifying the growing interest in Hong Kong as a hub for talent and innovation.
Subheadings:
Hong Kong’s Strategic Importance in the Global Economy Leveraging Hong Kong’s Unique Advantages Opportunities for Growth and Innovation
Opportunities for Growth and Innovation
Hong Kong’s Strategic Importance in the Global Economy
As a global financial hub and key player in the Asia-Pacific region, Hong Kong holds a strategic position in driving economic growth and fostering international collaboration. The city’s well-established infrastructure, robust legal system, and business-friendly environment make it an attractive destination for multinational corporations and investors looking to expand their presence in the region.
In recent years, Hong Kong has increasingly focused on diversifying its economy beyond traditional sectors like finance and real estate. The city’s burgeoning technology and innovation ecosystem has garnered attention from global players, with initiatives like the Hong Kong Science Park and Cyberport fostering a vibrant startup culture and attracting top talent in the tech industry.
Leveraging Hong Kong’s Unique Advantages
Chief Executive John Lee’s call to embrace the spirit of the third plenum resonates with Hong Kong’s efforts to leverage its unique advantages for sustainable growth and development. By aligning with the CPC’s vision for reform and modernization, Hong Kong can tap into new opportunities in sectors like green technology, healthcare, and digital innovation.
The ‘One Country, Two Systems’ framework provides Hong Kong with a distinct advantage in maintaining its autonomy while benefiting from China’s vast market and resources. This dual system allows Hong Kong to serve as a testing ground for new policies and initiatives before they are implemented on the mainland, making the city a valuable partner in China’s quest for innovation and progress.
Opportunities for Growth and Innovation
With the global economy undergoing rapid transformation and digitalization, Hong Kong is poised to capitalize on emerging trends and opportunities in key industries. By embracing the spirit of the third plenum and aligning its development goals with China’s vision for modernization, Hong Kong can position itself as a leading hub for innovation and entrepreneurship in the region.
The city’s strong regulatory framework, world-class infrastructure, and skilled workforce provide a solid foundation for attracting investment and fostering collaboration with international partners. By focusing on key areas like sustainability, fintech, and biotechnology, Hong Kong can drive economic growth and create a thriving ecosystem for innovation and creativity.
In Conclusion
Chief Executive John Lee’s emphasis on embracing the spirit of the third plenum reflects Hong Kong’s commitment to aligning its development with China’s vision for reform and modernization. By leveraging its unique advantages and strategic position in the global economy, Hong Kong can continue to thrive as a key player in driving innovation, growth, and collaboration in the region.