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Economy

Li Jiachao: The shift of the world economic center eastward to Hong Kong will benefit

2022-11-03   

The "International Financial Leaders Investment Summit" was held in Hong Kong on the 2nd, and the Chief Executive of Hong Kong SAR Li Jiachao attended and delivered a speech. He said that Hong Kong is the hub of the world and mainland China, and this unique advantage cannot be replaced by other regions. As the center of gravity of the world economy shifts eastward, Hong Kong will also benefit from it. On the morning of November 2, Hong Kong SAR Chief Executive Li Jiachao delivered a keynote speech on the opening day of the "International Financial Leaders Investment Summit", welcoming more than 200 international and regional financial leaders from about 120 major financial institutions around the world to Hong Kong. He said that the resumption of the opening up of Hong Kong would bring significant business opportunities in different areas. Li Zhihua, a reporter from China News Agency, took Li Jiachao to explain in his speech that under the principle of "one country, two systems", Hong Kong has adopted a low tax system, guaranteed the free flow of funds, maintained the status of a free port for a long time, earnestly pursued capitalism, supplemented by the common law system, which has been effective. The Basic Law also guarantees freedom of speech, freedom of the press and freedom of assembly. Two months ago, Hong Kong was again rated as the freest economy in the world by the Philippine Institute of Canada. On the morning of November 2, Hong Kong SAR Chief Executive Li Jiachao delivered a keynote speech on the opening day of the "International Financial Leaders Investment Summit", welcoming more than 200 international and regional financial leaders from about 120 major financial institutions around the world to Hong Kong. He said that the resumption of the opening up of Hong Kong would bring significant business opportunities in different areas. Li Zhihua, a reporter from China News Agency, said that as the center of gravity of the world economy moves eastward, the mainland and the economies in the region will become the main engines of global economic growth and sources of business opportunities. Hong Kong has favorable conditions such as talent, infrastructure and technology, which can help mainland enterprises and funds go overseas. At the same time, international enterprises and funds will be introduced into the region to share the huge benefits brought by this irreversible trend. Li Jiachao pointed out that Hong Kong has topped the global IPO fundraising list for seven times in the past 13 years, the total transaction amount of the Hong Kong Stock Exchange last year broke a record, the assets under management of the insurance industry in Hong Kong last year ranked first in Asia and second in the world, and Hong Kong has become the largest global center for arranging international bond issuance in Asia for six consecutive years, all of which demonstrate Hong Kong's huge financial advantages in financial services. On the morning of November 2, Hong Kong SAR Chief Executive Li Jiachao delivered a keynote speech on the opening day of the "International Financial Leaders Investment Summit", welcoming more than 200 international and regional financial leaders from about 120 major financial institutions around the world to Hong Kong. He said that the resumption of the opening up of Hong Kong would bring significant business opportunities in different areas. Li Zhihua, a reporter from China News Agency, mentioned that the policy address issued earlier had proposed policies to attract talents and enterprises to work and invest in Hong Kong, so as to improve Hong Kong's competitiveness, enhance its development momentum and promote prosperity and development. Hong Kong will also consolidate its traditional advantages in shipping, trade and arbitration, while the new Northern Metropolitan Area will contribute to the overall development of the Guangdong Hong Kong Macao Greater Bay Area. "Hong Kong has always recovered from the crisis, and its development is better than before." Li Jiachao said that this summit is "Hong Kong Back to the Stage Summit". With the gradual relaxation of epidemic prevention measures, Hong Kong has seen a rapid recovery. He hoped that the participants would make good use of these opportunities for discussion

Edit:Luo yu Responsible editor:Wang er dong

Source:Chinanews.com

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