Chinanews.com, Hong Kong, November 25 (Reporter Zeng Ping) The Chief Executive of the Hong Kong Special Administrative Region Carrie Lam said in a new "Policy Address" on the 25th that Hong Kong's economy has been hit hard by social unrest, the epidemic and the international political situation in the past year. , The labor market is also facing tremendous pressure.
The SAR government predicts that the economy will shrink by 6.1% throughout the year.
However, Carrie Lam said that Hong Kong, as an international financial center, has been tested for a long time. Facing the challenges of the new crown epidemic and global economic turmoil, Hong Kong has confidently demonstrated the resilience and stability of the financial system.
The linked exchange rate system continues to work well.
The Hong Kong dollar exchange rate was strong and capital inflows were recorded. The aggregate balance of the banking system also increased significantly during the year, reflecting investors' continued interest and confidence in the Hong Kong capital market.
She also mentioned that the "14th Five-Year Plan" refers to accelerating the formation of a new development pattern with the domestic cycle as the main body and the domestic and international dual cycles mutually promoting each other.
The development opportunities for Hong Kong in this new state of affairs are obvious.
Hong Kong enjoys the advantages of "one country, two systems", which can further strengthen its role as an "intermediary" in the international cycle; on the other hand, it can focus on business opportunities in the mainland market, better integrate into the overall national development, and take the development of the Guangdong-Hong Kong-Macao Greater Bay Area as the entry point , And actively become a "participant" of the domestic cycle and the "facilitator" of the international cycle. Playing this dual role well will provide an endless source of momentum for Hong Kong's economic belt.
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