Innovations urged in regulations, products and cross-border ties | CPT PPP Coverage
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Innovations urged in regulations, products and cross-border ties appeared on www.thestandard.com.hk by The Standard.
Henry Siu
Hong Kong must promote more innovations in its regulations, products and cross-border cooperation to enhance the city’s unique advantages, says Financial Secretary Paul Chan Mo-po.
This came after President Xi Jinping said, during a ceremony celebrating Macau’s 25th handover anniversary on Friday, that there are four factors to steadfastly and successfully maintain one country, two systems.
Those factors include retaining a high level of security to promote high-quality development within Hong Kong while also exerting the city’s unique advantage and strengthening “internal and external exchange.”
Chan, writing on his blog yesterday, said Xi’s speech was “encouraging and meaningful” in boosting confidence within Hong Kong under the current complex geopolitical situation.
He added that Hong Kong will pursue more cross-border cooperation.
”We will be more active in promoting more two-way or multi-way exchanges and collaborations, especially arranging business delegation visits,” he said.
Chan said Hong Kong must promote regulation, product and cross-border cooperation innovation to improve the local financial market’s size and fluidity.
He reiterated that Hong Kong as the “super connector” and “super value-adder” has a bridging role between the mainland and global markets and can better leverage the advantage of “internal and external exchange.”
”If all sectors work together, be innovative and dare to change, this unique brand of Hong Kong under one country, two systems will surely become brighter and its value and functions will become more precious.”
Chan said government officials have actively visited various places in recent years, including the mainland, European and North and South American nations, as well as Middle Eastern and Southeast Asian countries to boost cooperation and connections.
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