CS highlights HK’s unique strengths

CS highlights HK’s unique strengths

Chief Secretary Matthew Cheung today introduced Hong Kong’s strong fundamentals and unique advantages under “one country, two systems” to more than 200 people from the business community in Association of Southeast Asian Nations (ASEAN) member states.

The Reconnect: Hong Kong – ASEAN Partnership webinar updated participants on the latest social and economic developments in Hong Kong, and the opportunities and benefits presented to enterprises in ASEAN.

Mr Cheung noted that ASEAN has been Hong Kong’s second largest trading partner for 10 years in a row since 2010. The Free Trade Agreement and the Investment Agreement, which both came into full force in February, also reflect the significant economic connections between both sides.

The Chief Secretary expressed his confidence in Hong Kong’s future development, pointing out that the two significant decisions of the National People’s Congress on national security legislation and improving Hong Kong’s electoral system have put Hong Kong back on the right track and ensured its long-term stability and prosperity.

He emphasised that with the full support of the Central People’s Government as stated in the 14th Five-Year Plan, investors from ASEAN will be able to benefit from Hong Kong’s unlimited development potential.

He invited the ASEAN business community to tap into the enormous opportunities and strengthen its business ties with Hong Kong.

Mr Cheung also spoke with participants on Hong Kong’s experience and strategy in fighting the COVID-19 pandemic.

Addressing questions from participants, Mr Cheung said Hong Kong has a keen interest in joining the Regional Comprehensive Economic Partnership at the earliest appropriate time.

Given its unique advantages, Hong Kong’s accession to the partnership will further deepen regional economic integration and co-operation for the prosperity of the region, he added.

The webinar was organised by the three Hong Kong Economic & Trade Offices in ASEAN, located in Bangkok, Jakarta and Singapore, together with the Hong Kong Trade Development Council and the Thai-Hong Kong Trade Association.



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