Hong Kong’s ‘one country, two systems’ principle will be kept as permanent feature, Xia Baolong tells business chambers
- Hong Kong’s proposed domestic security law also discussed in meeting between Beijing’s point man for local affairs Xia Baolong and business lobbies
- Attendee reveals Xia also listed 10 features that distinguish Hong Kong from mainland Chinese cities, including its legal system, stock market and proficiency in English
“One or two representatives did talk about Article 23,” he said. “They basically said they understood the reason for it and they supported it. A few even said with stability ensured, it is a good foundation for development.”
In a statement on the meeting issued on Monday night, the office quoted Xia as saying: “One country, two systems is the best institutional arrangement for Hong Kong to maintain long-term prosperity and stability. The high-quality development of China’s economy is a powerful driving force for Hong Kong to move towards a bright future.
“The central government firmly supports Hong Kong’s economic development and Hong Kong’s protection of investor interests. Hong Kong will definitely develop better and better in the new stage, going from order to prosperity.”
Xia also said that Hong Kong’s remarkable achievements in economic development after its return to the country were gained with the efforts of various chambers of commerce and companies.
“Hong Kong is a paradise for business executives to start their own businesses and a place to achieve their dreams,” the statement cited Xia as saying, referring to the city’s advantages such as its business environment, rule of law, simple tax system and its high degree of internationalisation.