'One Country Two Systems Ensures HK's Prosperity'

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2022-07-27 HKT 18:25

Share this story

facebook

  • 'One Country Two Systems ensures HK's prosperity'

A top mainland official in Hong Kong on Wednesday said the One Country Two Systems policy has proven effective in ensuring the SAR's prosperity and stability.

Speaking at a ceremony marking the launch of the first volume of the English edition of Hong Kong Chronicles, Commissioner of the Ministry of Foreign Affairs in Hong Kong, Liu Guangyuan, said the policy was turned from vision into reality and has become a globally-recognised success.

"The policy of One Country Two Systems as an initiative that has no precedence to follow also encountered some obstacles and challenges in practice," he said.

"Despite some voices talking down the policy, some tricks trying to damage the policy, the central government has always stayed committed to the original intention of One Country Two Systems."

Speaking at a separate event, Chief Executive John Lee said Hong Kong is bound to become more prosperous with the One Country Two Systems principle as the SAR's strong foundation.

He told South China Morning Post’s China Conference that he is confident that Hong Kong will be able to overcome any challenges, given the talent and resilience of its people.

"From disarray to good governance, Hong Kong is entering a new phase of becoming more prosperous in the next five years. I'm determined that the whole government will be working pragmatically and passionately for Hong Kong and our country, building a future we will all be proud of," he said.

"The challenges are daunting but in One Country Two Systems and in our east meets west position, as well as the talent and resilience of the people of Hong Kong, I'm confident we have what we need to accomplish what we must."

RECENT NEWS

HashKey Lists On Hong Kong Exchange

HashKey listed on the Main Board of The Stock Exchange of Hong Kong Limited, becoming the first digital asset company t... Read more

North Korea Linked To Over Half Of 2025 Crypto Heist Losses

TRM has published new research showing that North Korea-linked actors were responsible for more than half of the US$2.7... Read more

South Korea Forms Task Force After Coupang Data Breach

The South Korean government announced on Thursday (19 December) that it will establish an interagency task force to add... Read more

Is Hong Kongs Default Life Insurance Choice A Wealth Drain?

Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more

RedotPay Secures $107M Series B, Total Funding Hits $194M

RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more

91% Of Hong Kong Merchants Lose Revenue To Payment Friction

Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more