Xi's Speech Helps Steer HK's Development: CE

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

Related News Programmes

"); });

2022-10-16 HKT 16:14

Share this story

facebook

  • John Lee says Xi Jinping's remarks on the One Country, Two Systems principle will serve as a pillar of Hong Kong's development. Photo courtesy of the CE's Facebook page

    John Lee says Xi Jinping's remarks on the One Country, Two Systems principle will serve as a pillar of Hong Kong's development. Photo courtesy of the CE's Facebook page

Chief Executive John Lee on Sunday said he was encouraged by the fact that the central government values the SAR a great deal as shown in President Xi Jinping's speech to open the Communist Party Congress.

Writing on social media, Lee said the One Country, Two Systems principle – along with Hong Kong and Macau – were mentioned numerous times in the speech, adding Xi's remarks on the implementation of the principle were spot on and would serve as a pillar of Hong Kong's development.

The CE noted that the territory had in the past five years faced the hardest challenges since the handover, but it always had the support of the country, both during the social unrest in 2019 and the pandemic.

Lee said as Hong Kong is turning a new page after the central government helped to restore order here, he will be proposing more measures for economic development and improving people's livelihoods in his maiden Policy Address on Wednesday.

Tam Yiu-chung, the city's sole delegate to the National People's Congress Standing Committee, said society should unite in the spirit of the party congress and support the SAR government.

The DAB, meanwhile, said Xi's speech should motivate Hong Kong to tackle its problems.

"This shows that as long as we are heading in the right direction – and under the strong leadership of the Communist Party – many problems thought to be difficult can actually be solved," DAB lawmaker Gary Chan said.

"It's the same in Hong Kong... The land and housing problem and the gap between the rich and poor are not unsolvable, as long as the SAR government puts in the work and Hong Kong people are united."

Chan's fellow party member, Holden Chow, says Hong Kong will continue to play a role in the country's development thanks to its connections with the rest of the world.

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