Preserving heritage amid change

Chief Executive Carrie Lam

This exhibition not only conveys the photographer’s keen creative eye and interest in his subject, it also captures a time when Hong Kong was entering a period of huge post-war transformation. Back in the 1950s, Hong Kong had a population of just over two million; the city was gaining a reputation as a manufacturing hub, and Cantonese opera was a popular source of family entertainment.

     

Fast-forward to the present day: Hong Kong is home to more than seven million people, over 90% of our GDP is derived from services and we are fully plugged in to the digital era. This year, we are also celebrating the 20th anniversary of Hong Kong’s reunification with China, the most significant transition in our city’s history.

     

Guided by the enduring principle of “one country, two systems”, Hong Kong has emerged as a global business and financial hub. We stand tall – alongside Singapore – as a leading international city in Asia.

     

Looking ahead, Hong Kong is poised for a new growth spurt. Massive cross-boundary infrastructure projects – including a huge bridge linking Hong Kong with the western part of Guangdong and an Express Rail Link that will connect Hong Kong with Mainland China’s high-speed rail network – will be completed within the next two years, creating new opportunities for progress. We are also devoting more space and resources for commercial, residential, sports and cultural development.

     

While embracing change, we also preserve our unique cultural heritage. Among other initiatives, a brand new Xiqu Centre for Chinese opera will open next year. The Xiqu Centre will be a key component of our large-scale West Kowloon Cultural District, which is opening in phases to promote various forms of arts and culture.

 

Events such as this exhibition also serve to nurture and preserve our collective memories. Born in Singapore and finding his creative calling in Hong Kong, Mr Lee, through his life and artwork, echoes the strong bonds between the people of Singapore and Hong Kong.

     

His photos from the 1950s Hong Kong convey the can-do spirit of people of all backgrounds who helped to build our city: the values of hard work, creativity and determination that we all share. I have had the privilege of meeting the late Mr Lee and reviewing the well-preserved negatives of his high-quality photos. His modesty and positive attitude have left a strong impression on me.

     

I am sure our friends in Singapore will enjoy this exhibition, and I hope that the images from a bygone era will inspire more people to visit Hong Kong to see first-hand the progress that our city is making.

     

Finally, I want to congratulate our Economic & Trade Office in Singapore and Mr Edward Stokes of the Photographic Heritage Foundation on staging this exhibition together. It is a fascinating and appropriate event on our programme of activities marking Hong Kong’s 20th anniversary.

     

I am confident that the close economic, creative and cultural bonds between Hong Kong and Singapore will help to foster even stronger friendship and collaboration between our two communities.

     

Chief Executive Carrie Lam gave these remarks at the opening reception of the photo exhibition “Lee Fook Chee – Son of Singapore, Photographer of Hong Kong” in Singapore on August 2.

via Moroccan Trader Preserving heritage amid change

CE advocates creativity

Chief Executive Carrie Lam

This is a very special year for Hong Kong. Hong Kong has gone through a journey of 20 years since 1997 when she became a Special Administrative Region of the People’s Republic of China. We are very proud to be able to present to all of you a Hong Kong which practices “one country, two systems” and enjoys a high degree of autonomy and also a lot of diversity and vibrancy.

 

This is also a very special year and a very special edition of MaD because in celebration of the 20th anniversary of the establishment of the HKSAR, we have supported MaD and Ada to do an enlarged version with a lot more MaDees coming to Hong Kong. So I want you all to thank Ada Wong for her efforts over these many years.

 

I notice that one of the themes of this year’s MaD Festival is “A Journey”. To me, I am right at the beginning of another journey which is a very tough journey for any person to be the Chief Executive of the Hong Kong Special Administrative Region, so in the next five years I will be walking with the 7.3 million people of Hong Kong, with an aim to bring Hong Kong to newer heights.

 

And one of the ingredients of successes in my experience as a public servant for over 36 years is creativity, so not every bureaucrat is very bureaucratic. There are bureaucrats which are very creative and innovative, and I count myself as one of those because in order to make a difference, you really have to think out of the box and to identify other ways to do the same thing, instead of doing it time and again in the same manner. So in the last seven years and including this MaD Festival, Ada and her team have been helping young people to be creative, to think out of the box, to find new solutions. The other feature of success is collaboration which I understand is also being advocated by the MaD Festival. You cannot be successful just by yourself; you need to be in a team. So with these over a thousand MaDees this year, I hope and I am sure you will be able to nurture friendship and build up a team which will be very beneficial in whatever you are going to do in the future.

 

Chief Executive Carrie Lam gave these remarks at the opening of the International Assembly @ MaD Festival 2017 on July 21.

via Moroccan Trader CE advocates creativity

CE advocates creativity

Chief Executive Carrie Lam

This is a very special year for Hong Kong. Hong Kong has gone through a journey of 20 years since 1997 when she became a Special Administrative Region of the People’s Republic of China. We are very proud to be able to present to all of you a Hong Kong which practices “one country, two systems” and enjoys a high degree of autonomy and also a lot of diversity and vibrancy.

 

This is also a very special year and a very special edition of MaD because in celebration of the 20th anniversary of the establishment of the HKSAR, we have supported MaD and Ada to do an enlarged version with a lot more MaDees coming to Hong Kong. So I want you all to thank Ada Wong for her efforts over these many years.

 

I notice that one of the themes of this year’s MaD Festival is “A Journey”. To me, I am right at the beginning of another journey which is a very tough journey for any person to be the Chief Executive of the Hong Kong Special Administrative Region, so in the next five years I will be walking with the 7.3 million people of Hong Kong, with an aim to bring Hong Kong to newer heights.

 

And one of the ingredients of successes in my experience as a public servant for over 36 years is creativity, so not every bureaucrat is very bureaucratic. There are bureaucrats which are very creative and innovative, and I count myself as one of those because in order to make a difference, you really have to think out of the box and to identify other ways to do the same thing, instead of doing it time and again in the same manner. So in the last seven years and including this MaD Festival, Ada and her team have been helping young people to be creative, to think out of the box, to find new solutions. The other feature of success is collaboration which I understand is also being advocated by the MaD Festival. You cannot be successful just by yourself; you need to be in a team. So with these over a thousand MaDees this year, I hope and I am sure you will be able to nurture friendship and build up a team which will be very beneficial in whatever you are going to do in the future.

 

Chief Executive Carrie Lam gave these remarks at the opening of the International Assembly @ MaD Festival 2017 on July 21.

via Moroccan Trader CE advocates creativity

CE advocates creativity

Chief Executive Carrie Lam

This is a very special year for Hong Kong. Hong Kong has gone through a journey of 20 years since 1997 when she became a Special Administrative Region of the People’s Republic of China. We are very proud to be able to present to all of you a Hong Kong which practices “one country, two systems” and enjoys a high degree of autonomy and also a lot of diversity and vibrancy.

 

This is also a very special year and a very special edition of MaD because in celebration of the 20th anniversary of the establishment of the HKSAR, we have supported MaD and Ada to do an enlarged version with a lot more MaDees coming to Hong Kong. So I want you all to thank Ada Wong for her efforts over these many years.

 

I notice that one of the themes of this year’s MaD Festival is “A Journey”. To me, I am right at the beginning of another journey which is a very tough journey for any person to be the Chief Executive of the Hong Kong Special Administrative Region, so in the next five years I will be walking with the 7.3 million people of Hong Kong, with an aim to bring Hong Kong to newer heights.

 

And one of the ingredients of successes in my experience as a public servant for over 36 years is creativity, so not every bureaucrat is very bureaucratic. There are bureaucrats which are very creative and innovative, and I count myself as one of those because in order to make a difference, you really have to think out of the box and to identify other ways to do the same thing, instead of doing it time and again in the same manner. So in the last seven years and including this MaD Festival, Ada and her team have been helping young people to be creative, to think out of the box, to find new solutions. The other feature of success is collaboration which I understand is also being advocated by the MaD Festival. You cannot be successful just by yourself; you need to be in a team. So with these over a thousand MaDees this year, I hope and I am sure you will be able to nurture friendship and build up a team which will be very beneficial in whatever you are going to do in the future.

 

Chief Executive Carrie Lam gave these remarks at the opening of the International Assembly @ MaD Festival 2017 on July 21.

via Moroccan Trader CE advocates creativity

CE advocates creativity

Chief Executive Carrie Lam

This is a very special year for Hong Kong. Hong Kong has gone through a journey of 20 years since 1997 when she became a Special Administrative Region of the People’s Republic of China. We are very proud to be able to present to all of you a Hong Kong which practices “one country, two systems” and enjoys a high degree of autonomy and also a lot of diversity and vibrancy.

 

This is also a very special year and a very special edition of MaD because in celebration of the 20th anniversary of the establishment of the HKSAR, we have supported MaD and Ada to do an enlarged version with a lot more MaDees coming to Hong Kong. So I want you all to thank Ada Wong for her efforts over these many years.

 

I notice that one of the themes of this year’s MaD Festival is “A Journey”. To me, I am right at the beginning of another journey which is a very tough journey for any person to be the Chief Executive of the Hong Kong Special Administrative Region, so in the next five years I will be walking with the 7.3 million people of Hong Kong, with an aim to bring Hong Kong to newer heights.

 

And one of the ingredients of successes in my experience as a public servant for over 36 years is creativity, so not every bureaucrat is very bureaucratic. There are bureaucrats which are very creative and innovative, and I count myself as one of those because in order to make a difference, you really have to think out of the box and to identify other ways to do the same thing, instead of doing it time and again in the same manner. So in the last seven years and including this MaD Festival, Ada and her team have been helping young people to be creative, to think out of the box, to find new solutions. The other feature of success is collaboration which I understand is also being advocated by the MaD Festival. You cannot be successful just by yourself; you need to be in a team. So with these over a thousand MaDees this year, I hope and I am sure you will be able to nurture friendship and build up a team which will be very beneficial in whatever you are going to do in the future.

 

Chief Executive Carrie Lam gave these remarks at the opening of the International Assembly @ MaD Festival 2017 on July 21.

via Moroccan Trader CE advocates creativity

CE advocates creativity

Chief Executive Carrie Lam

This is a very special year for Hong Kong. Hong Kong has gone through a journey of 20 years since 1997 when she became a Special Administrative Region of the People’s Republic of China. We are very proud to be able to present to all of you a Hong Kong which practices “one country, two systems” and enjoys a high degree of autonomy and also a lot of diversity and vibrancy.

 

This is also a very special year and a very special edition of MaD because in celebration of the 20th anniversary of the establishment of the HKSAR, we have supported MaD and Ada to do an enlarged version with a lot more MaDees coming to Hong Kong. So I want you all to thank Ada Wong for her efforts over these many years.

 

I notice that one of the themes of this year’s MaD Festival is “A Journey”. To me, I am right at the beginning of another journey which is a very tough journey for any person to be the Chief Executive of the Hong Kong Special Administrative Region, so in the next five years I will be walking with the 7.3 million people of Hong Kong, with an aim to bring Hong Kong to newer heights.

 

And one of the ingredients of successes in my experience as a public servant for over 36 years is creativity, so not every bureaucrat is very bureaucratic. There are bureaucrats which are very creative and innovative, and I count myself as one of those because in order to make a difference, you really have to think out of the box and to identify other ways to do the same thing, instead of doing it time and again in the same manner. So in the last seven years and including this MaD Festival, Ada and her team have been helping young people to be creative, to think out of the box, to find new solutions. The other feature of success is collaboration which I understand is also being advocated by the MaD Festival. You cannot be successful just by yourself; you need to be in a team. So with these over a thousand MaDees this year, I hope and I am sure you will be able to nurture friendship and build up a team which will be very beneficial in whatever you are going to do in the future.

 

Chief Executive Carrie Lam gave these remarks at the opening of the International Assembly @ MaD Festival 2017 on July 21.

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HK focused on crime prevention

Chief Secretary Matthew Cheung

Today’s conference, with the theme of “Evolution of Corrections”, is a timely opportunity to showcase the paradigm shift of correctional work and its contribution to the long-term sustainability of our society. It also serves as a platform for academics, community stakeholders and correctional practitioners from Hong Kong, the Mainland and overseas to share experience, expertise, inspiration and insights in correctional work of the modern day.

 

The renaming of the Correctional Services Department back in 1982 signified the start of the department’s expanding role, from a primarily custodial institution for offenders to become one focused more on correctional services for persons in custody. In other words, shifting more from retribution to rehabilitation and reformation. In the early 1980s, the Correctional Services Department was then tasked with the additional responsibility of managing a large number of Vietnamese boat people, which continued for about 20 years. In the 1990s, the department established a new Rehabilitation Division dedicated to facilitating offenders’ reformation and rehabilitation, taking a further step forward in its role in this regard. To date, the department has developed into an institution with multifaceted functions, including correction, rehabilitation, vocational training and of course, community education.

 

To ensure the safe custody of inmates under its charge, CSD adopts a “nip-in-the-bud” and “zero-tolerance” strategy in tackling disciplinary issues and security risks. It has strengthened its intelligence collection so as to curb illicit activities at an early stage. Search operations have also been stepped up to reduce contraband such as gambling tools, self-brewed alcohol, dangerous drugs and makeshift weapons. These efforts have yielded good dividends. There has been no successful escape cases in the past nine years in a row – quite a significant achievement by any standard. Prison disturbance has also been unheard of since 2000. Congratulations to the Correctional Services Department for your excellent performance on that score.

 

To strengthen support for the rehabilitation of inmates, the department has fostered closer partnership with stakeholders from different quarters of the community. It also provides market-oriented vocational training courses for inmates to help them reintegrate into the community after release as soon as possible. Its achievements in rehabilitation work have won public applause and support. From 2000 to 2014, the recidivism rate of local persons in custody has reduced from 39.9% to 25.9%, representing a significant drop of 14 percentage points.

 

Besides offering safe custody and rehabilitation services, it is important to note that the Correctional Services Department has taken up the relatively new challenge of promoting crime prevention by organising a series of community education activities for the young people to promote law-abiding awareness, a drug-free life and support for offender rehabilitation. In particular, I would like to stress that it has pioneered a unique and innovative programme known as “The Reflective Path” or, in Chinese, “思囚之路”, literally meaning reflecting on the path of prisoners. This also sounds exactly the same as the Silk Road, “絲綢之路” in Cantonese. Students joining the programme will have the chance to experience the life cycle of a prisoner – from being sentenced at a mock court owing to drug-related offences, to living in a vacated but real prison – followed by face-to-face sharing and reflections from a young offender. Public response to the programme has been overwhelmingly positive.

 

With the concerted effort of the department and their fellow law enforcement agencies, Hong Kong has earned the reputation of being one of the safest cities in the world. The overall crime rate in Hong Kong last year stood at 825 crimes per 100,000 population, which is the lowest in 45 years, or since 1972. And I was told it is actually the top three in the world. We have actually overtaken Tokyo as one of the safest places in the region. We take pride in this achievement and are thankful to CSD for the role it has played in our criminal justice system and its contribution to crime prevention in Hong Kong.

 

All correctional authorities around the world share the mission of protecting public safety and safeguarding law and order in their respective communities. Over the recent decades, the world has been facing unprecedented challenges in the areas of national security, cyber-attacks, cultural conflicts and so on. Looking ahead, concerted efforts from different countries and regions are required on a long-term and sustainable basis. Hong Kong, as a citizen of the global community, will join hands with the rest of world to tackle the challenges confronting us head-on.

 

Chief Secretary Matthew Cheung gave these remarks at the opening ceremony of Conference 2017 – Evolution of Corrections.

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HK invests in its young people

Chief Executive Carrie Lam

As the Chief Executive of the Hong Kong Special Administrative Region (SAR), you could imagine I have many, many events that I need to go to. But this opening of the Asian Youth Orchestra (AYO) rehearsal is an event that I have been looking forward to, not because I’m unfamiliar with this function – this is my fifth successive year coming to the AYO rehearsal – but this is the first time I’m coming as the Chief Executive of the Hong Kong Special Administrative Region.

 

This year is not just an ordinary Asian tour for our musicians. This is a world tour. You will be taken to three continents, nine countries, 20 cities over 45 days. So this, in a travel agency advertisement, will be a grand world tour. But there is no free holiday – you have to work extremely hard by performing, and performing well, in 22 concerts in these 20 cities. But I have every confidence in our young musicians, not because you have gone through very competitive audition. Because once you join AYO, you will pick up that passion to do well. You will pick up that confidence to do well. If you don’t believe me, please watch that documentary by Ruby Yang. Actually, that documentary could have been made our Oscar nomination, but in my view that is of course of Oscar quality. But never mind the competition in the Oscar.

 

So you have the confidence because I have seen it myself. I was at the AYO Hanoi concert last year, in around September. So I have seen how our young musicians, after a period of training in this rehearsal and performance at various concerts, have built up their confidence. They literally shone onstage, with that brightness that should be the exclusive quality of young people, because you have a bright future, you should see the world full of hope and vision and passion.

 

So I want to come here to thank AYO for doing this thing for our young people and choosing Hong Kong as the base for the Asian Youth Orchestra.

 

To be very honest with you, when I discussed in late 2015 about doing something grand for the 20th anniversary celebration and providing the funds for this grand world tour, it has raised a few eyebrows from some jealous people. “Why are you giving so much money to AYO when other major performing groups are not given the same treatment?” My response is: nothing is more valuable than investment in young people and investment in young musicians, and you give us this added value to this money by the friendship that you will build over the next six, seven, eight weeks. I hope that that friendship that you will build over this period of rehearsal and tour is long lasting, and I hope to see you in some of the major orchestras in time to come. So good luck and enjoy your rehearsal camp, and do well in the world tour.

 

Chief Executive Carrie Lam gave these remarks at the 27th Asian Youth Orchestra Summer Festival & World Tour Opening Ceremony.

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FS hails Financial Reporting Council

Financial Secretary Paul Chan

There were, at the time, growing public concerns over a number of corporate governance issues and the credibility of financial reporting and auditing practices. At the same time, there were active discussions on improving the auditor regulatory framework in many overseas jurisdictions.

 

Here in Hong Kong, the Government initiated discussions with the accountancy sector on ways to improve our auditor regulatory regime.

 

A two-pronged legislative approach was adopted to enhance the independence, and the accountability, of the regulatory regime.

 

Legislation was introduced to set up an independent body – the Financial Reporting Council – to take over the investigation functions of the Hong Kong ICPA (Institute of Certified Public Accountants) in regard to auditing and reporting irregularities in relation to listed entities.

 

As well, amendments to the Professional Accountants Ordinance were made. They introduced independent lay persons to the governing council of the Institute and to the disciplinary process administered by the Financial Reporting Council.

 

These legislative steps were completed between 2004 and 2006. Following the enactment of the Financial Reporting Council Bill, in 2006, the council commenced full operation in July 2007, making Hong Kong one of the earliest jurisdictions to improve its auditor regulatory regime.

 

I would say this underlines the dedication to ensuring integrity of the regime and reinforcing Hong Kong’s status as an international financial centre.

 

Since then, the council has been responsible for conducting investigations into auditing and reporting practices of the auditors of listed entities, as well as reviewing the financial reports of listed entities.

 

Over the years, the Council has played an increasingly important role in upholding the quality of financial reporting in respect of listed entities.

 

It has accumulated expertise and invaluable experience in financial reporting regulatory issues. There is also a full range of statutory and administrative safeguards in place to ensure that the council exercises its investigative powers properly.

 

That said, international practice today is that regulatory regimes for auditors of public interest entities are independent of the audit profession, and subject to independent oversight by bodies acting in the public interest.

 

In that regard, Hong Kong is seen as operating a largely self-regulatory regime over auditors. That has not been to our advantage, as we strive to maintain our international reputation and competitiveness.

 

In short, the time has come for us to reform the auditor regulatory regime, to ensure its independence.

 

The auditing profession, I’m pleased to say, largely shares those thoughts,  supports the Government’s initiative to boost the council’s function, to refashion it into an independent auditor oversight body, one with direct investigation and disciplinary powers over auditors of listed entities.

 

At the same time, the Council will exercise independent oversight of the registration, professional standard-setting and training functions performed by the Hong Kong Institute of Certified Public Accountants.

 

We plan to introduce the amendment bill into LegCo (Legislative Council) as soon as possible this year.

 

The end result will benefit the health, stability and international standing of Hong Kong’s financial centre. And I count on you, count on your continuing support in realising this very important bill.

 

Financial Secretary Paul Chan gave these remarks at the Financial Reporting Council 10th anniversary cocktail reception on July 13.

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HK boosts ASEAN ties

Chief Executive Carrie Lam

The Hong Kong Summit today puts regional co-operation under the spotlight, and rightly so. The global recession has refocused people on the interconnection among economies in the world. A regional economic setback may have its effect rippling and sometimes magnifying to reach a global scale. Similarly, sustainable regional development may have its positive effect reaching far and strong to support global economic confidence. The GDP of emerging and developing Asian economies, including ASEAN and Mainland China, is expected to grow by 6.4% this year, according to the latest International Monetary Fund (IMF) forecast. That is well above the IMF’s global growth forecast of 3.4% for this year. It is very comforting to see that in the long cycle of global economic ups and downs, Asia maintains a powerful engine for growth.

 

Hong Kong and ASEAN have a long-established trading partnership that is growing stronger with time. In the past few years, the ASEAN bloc has become our second largest merchandise trade partner, ahead of the United States and the European Union and behind only Mainland China. In 2015, the value of total bilateral trade between Hong Kong and ASEAN exceeded US$107 billion. Our ties with individual ASEAN economies are also growing strong. In fact, five ASEAN economies are among our top 20 trading partners.

 

Since the launch of the China-ASEAN Free Trade Area in 2010, improved institutional co-ordination and increasingly sophisticated intra-regional supply chains have driven China-ASEAN bilateral trade to new heights. As a free and open economy right at the doorstep of Mainland China, Hong Kong is firmly committed to contributing to the economic collaboration and integration within the region, particularly between ASEAN and China. In 2016, 12% of trade between ASEAN and Mainland China, with a value of over US$54 billion, was routed through Hong Kong.

 

In fact, promoting regional economic collaboration is nothing new for Asia. When ASEAN was first established in 1967, its mission was to create a more stable and dynamic trading environment among the five founding member states. Since then, ASEAN has expanded to the current 10 member states today. More recently, the establishment of the ASEAN Economic Community is another major milestone in the regional economic integration agenda in ASEAN, and the negotiation of Regional Comprehensive Economic Partnership between ASEAN members and its six free trade pact partners aims to further strengthen economic co-operation among the countries. With these efforts, we believe that the ASEAN community will continue to scale new heights.

 

President Xi announced the launch of the 21st Century Maritime Silk Road in Indonesia in 2013. This is seen as an indication of the important role ASEAN plays in the Belt & Road Initiative. China has also expressed its willingness to align the Belt & Road Initiative with respective development strategies of ASEAN countries and the construction blueprint of the ASEAN community in order to provide new impetus and create new prospects for China-ASEAN co-operation and growth.

 

The Belt & Road Initiative is a global and broad vision to boost co-development by better linking up economies ranging from the sophisticated to the emerging ones. The initiative inspires us to think beyond conventional geography and geopolitical confines. Through promoting stronger policy co-ordination, facilities connectivity, unimpeded trade, financial integration and people-to-people bonds among economies spanning Asia, Europe and Africa, the Belt & Road Initiative will generate a new driving force for development.

 

I must mention here the unique role of Hong Kong under the Belt & Road Initiative. The Mainland & Hong Kong Closer Economic Partnership Arrangement (CEPA), implemented 13 years ago, provides preferential market access to Hong Kong service suppliers as well as tariff-free treatment for products of Hong Kong origin. That means international businesses established in Hong Kong can enjoy this preferential treatment as with our domestic suppliers. CEPA has become one of the nexus connecting foreign businesses to China through Hong Kong, and will continue to be a freeway serving traffic of all global growth initiatives.

 

Building on our common aspiration for stronger ties, Hong Kong has been working intensively with ASEAN partners on the Hong Kong-ASEAN Free Trade Agreement (FTA) with a view to completing it very soon. The Free Trade Agreement will strengthen economic ties between ASEAN and Hong Kong by facilitating the flow of goods, services and investments. When completed, the China-ASEAN Free Trade Area and the Hong Kong-ASEAN FTA, coupling with CEPA, would provide a solid platform to facilitate trade and investment among Hong Kong and ASEAN countries. It will also help unleash Hong Kong’s full potential as a hub for international trade and investment.

 

The importance that Hong Kong attaches to the ASEAN region and co-operation between Hong Kong and ASEAN can be reflected in my decision to make the ASEAN region the destination of my first official overseas visit in my capacity as the Chief Executive.

 

Hong Kong possesses unparalleled access across the Asia-Pacific region, and unrivalled connections both to international markets and to the Mainland of China. Our unique location on the southern coast of China, coupled with world-class infrastructure, international networking, financial expertise and professional services support, has made us a hub in the region on logistics, commercial and trade fronts. We have been servicing and supporting ASEAN businesses in capitalising on all forms of growth opportunities, including those emerging from the Belt & Road Initiative.

 

The global economy is in need of a strong and sustainable driving force in the 21st century. With inherent attributes and a unique advantage as the gateway between China and the world, Hong Kong has a clear role in lubricating trade and investment exchange between our regional and international partners, and hence contributing to global growth and economic advancement.

 

Chief Executive Carrie Lam gave these remarks at the Hong Kong Summit 2017 on July 11.

 

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