(25th Anniversary of Hong Kong's Return) Chinese-funded enterprises have witnessed the 25th anniversary of Hong Kong's return: the economic momentum has not changed
China News Agency, Hong Kong, June 26th: Chinese-funded enterprises have witnessed the return of Hong Kong for 25 years: the economic momentum has not changed
China News Agency reporter Yang Chengchen
25 years after returning to the motherland, Hong Kong has continued to maintain prosperity and stability under the "one country, two systems" policy. Chinese-funded enterprises in Hong Kong are witnesses and participants.
They have helped Hong Kong overcome all odds and waves and stand at the forefront of the tide, and have gradually grown into a global industry leader due to Hong Kong's unique advantages.
According to incomplete statistics, there are currently more than 4,000 Chinese-funded enterprises and their subordinate entities in Hong Kong, with businesses covering many fields such as finance, technology, and trade, with total assets of HK$14.98 trillion.
Many of these companies have experienced the process of modern Chinese history, deeply participated in the reform and opening up, and witnessed the changes in all aspects of Hong Kong since its return to the motherland 25 years ago.
China Merchants Group has established a branch in Hong Kong since 1873 and is the oldest Chinese-funded enterprise in Hong Kong.
Chu Zongsheng, secretary of the board of directors and assistant to the general manager of China Merchants Group, said in an interview with a reporter from China News Agency recently that the fate of Hong Kong and the motherland have always been intertwined, and Hong Kong has always played an indispensable and important role in the country's historical process.
"Since the handover, what I have felt the most is that Hong Kong's economy has not changed in the medium and long term, and the good business legal environment has not changed."
Chen Ying, Assistant General Manager of China Resources Group, Chairman and CEO of China Resources Enterprise Co., Ltd., pointed out that as a city with global influence, Hong Kong's strength, status and charm remain undiminished.
It can be seen from many figures and indicators that Hong Kong's overall business environment is still very attractive to domestic and foreign companies.
From the signing and implementation of the "Mainland and Hong Kong Closer Economic Partnership Arrangement" to the construction of the Guangdong-Hong Kong-Macao Greater Bay Area as a national strategy, from the establishment of a special chapter for Hong Kong and Macao in the "Twelfth Five-Year Plan" outline to the Hong Kong-related content of the "14th Five-Year Plan" outline More and more abundant, new business opportunities in Hong Kong continue to emerge.
With the implementation of the National Security Law and the improvement of the electoral system, the principle of "patriots ruling Hong Kong" has been implemented.
Among them, Chinese-funded enterprises in Hong Kong have also achieved rapid development of their own.
China State Construction International Group has now become the largest contractor in Hong Kong. Kong Xiangzhao, executive director and vice president of the group, told reporters that Hong Kong has experienced a transition from chaos to governance, and enterprises have deeply realized that social stability is a prerequisite for prosperity and development.
Since the outbreak of the fifth wave of COVID-19, Chinese-funded enterprises in Hong Kong have assisted the SAR government in fighting the epidemic in different ways.
In the Penny's Bay community, in the AsiaWorld-Expo, and in the streets, Chinese-funded enterprises are racing against time to fight the epidemic, ensure supplies, and relieve people's hardships.
Kong Xiangzhao said that many touching stories of helping Hong Kong to fight the epidemic have spread on the social networks of Hong Kong citizens.
The company's Hong Kong employees all said that both the SAR government and Hong Kong enterprises have shown unprecedented dedication and responsibility, once again confirming that "the motherland will always be the strong backing of Hong Kong".
Development is at the heart of solving all problems in Hong Kong.
Chen Ying believes that Hong Kong's traditional advantages are in finance, trade, shipping, law and dispute resolution and arbitration services. As the country's development enters a new stage, Hong Kong has more fields to play its strengths.
Founded in Hong Kong in 1938, China Resources has grown from a small firm to a group company with 370,000 employees over the past 80 years.
Chen Ying said that the key to Hong Kong's future lies in young people, who are the engine for the long-term social and economic development of Hong Kong.
China Resources now has many business unit managers who are young Hong Kong employees, "(they) all grew up with the company."
The 14th Five-Year Plan outlines eight aspects to establish the future development orientation of Hong Kong, and clearly proposes to strengthen exchanges and cooperation between the mainland and Hong Kong in various fields.
Yan Gang, Member of the Legislative Council of the Hong Kong Special Administrative Region and Managing Director of China Merchants Port Holdings Co., Ltd., said that Chinese-funded enterprises in Hong Kong should give full play to their advantages of large scale, sufficient financial strength, wide coverage of industries, and excellent development resources. The director seeks the integration point, enhances the integration of the industrial chain and the stickiness of the industry, and strengthens the internal driving force of Hong Kong's economic growth.
On the 25th anniversary of its return to the motherland, Hong Kong faces many challenges but more opportunities.
Chu Zongsheng said that as the world's freest economy, Hong Kong's mature experience in developing a market economy provides a useful reference for the mainland.
To this day, Hong Kong's spirit of contract, rule of law, entrepreneurship, and Lion Rock spirit will continue to provide spiritual nourishment for the country's deepening of reform and opening up.
(Finish)