China News Service, Hong Kong, November 29. The Hong Kong Special Administrative Region Government's Director of Financial Affairs and the Treasury, Xu Zhengyu, published a blog on the 29th, stating that integrating into the overall national development and maintaining international advantages are the "one currency and two sides" of Hong Kong's development. It is a misunderstanding.

Hong Kong should cultivate the Greater Bay Area internally, explore its competitive advantages and contributions, connect with the international market, and continue to play its unique role and position under the "one country, two systems".

  Xu Zhengyu pointed out in his blog that, taking the regional comprehensive economic partnership agreement (RCEP) recently signed by the country with multiple global economies as an example, more than 90% of the goods trade will eventually enjoy zero-tariff treatment, which proves that the country will still be firm. The open road.

The new development pattern is not a closed domestic cycle, but a more open domestic and international "dual cycle".

  Xu Zhengyu also said that with the support of the central government and various ministries and commissions, the new "Policy Address" measures to deepen financial interconnection once again well reflect the development nature of Hong Kong's "one currency, two sides".

On the one hand, northbound trading will soon be included in the mainland science and technology innovation board stocks, providing a new channel for international institutional investors to participate in this pilot "registration system" reform market.

On the other hand, the inclusion of Southbound trading in biotech companies that are not profitable in Hong Kong will enhance their stock liquidity, and ultimately make Hong Kong's biotech investment and financing ecosystem more popular with international investors.

  He emphasized that being integrated into the overall situation of the country’s development will not only cause Hong Kong to lose its existing advantages, it will also enhance Hong Kong’s competitiveness, making Hong Kong a more “connected” place favored by international funds, and should continue to train young people to become familiar. Talents who are familiar with national conditions and internationally.

"If young people can demonstrate their unique insights into the Greater Bay Area, no matter if they seek jobs in the Mainland, Hong Kong or international companies in the future, they will definitely have a smooth road." He pointed out.

(Finish)