Bolstering Economic Confidence is Key
It is a delight to see that the new Budget has adopted a number of recommendations by CGCC to address these issues, including the removal of the “harsh measures” for the property market, the expansion of the scope of government bonds, and concrete measures in other areas such as to rebuild business confidence.
We hope the upcoming Budget will present targeted financial support for heavily hit businesses and local residents.
It is all the more important for Hong Kong to take advantage of the
“One Country, Two Systems” principle to reposition itself and speed up integration with the Mainland.
This year’s Policy Address shed light on how Hong Kong, by leveraging the Central government’s support, can further participate in the development of the Greater Bay Area in such aspects as finance, innovation and technology (I&T), infrastructure and youth development.
The new term board will uphold the century-old tradition of CGCC and
fully dedicate itself to serving the business sector and making contributions to the economy of Hong Kong and China.
Hong Kong and Shenzhen seize the opportunities brought by reform and opening-up. The two cities will serve as the twin engine driving the construction of the Greater Bay Area and the realization of the country’s dual circulation strategy.
In the face of the looming challenges, Hong Kong society must stay united and actively prepare for post-pandemic recovery work to ensure the sustainable development of the Hong Kong economy.
