Recently, the Canadian think tank Fraser Institute released the "World Economic Freedom 2022 Annual Report", and Hong Kong was once again rated as the world's freest economy.
The report affirms Hong Kong's free, open and favorable business environment, as well as Hong Kong's efforts to maintain an efficient, free, open and fair business environment. However, Hong Kong's development so far has not only depended on its own strengths, but also cannot do without the help of the country and mainland enterprises.
01
International trade freedom and regulation
Rank NO.1
Among the five major assessment items in the latest report, Hong Kong continues to rank first in "Freedom of International Trade" and "Regulation".
In this regard, the Hong Kong government emphasized:
The implementation of the "one country, two systems" principle has enabled Hong Kong to maintain its unique status and advantages. Including the rule of law and judicial independence, free capital in and out, free trade and investment system, simple and low tax system... Provide a powerful environment for enterprises to expand their business, enhance their competitiveness, and allow Hong Kong's economy to continue to prosper.
For a long time, the Hong Kong government has also been committed to optimizing the business environment, improving market efficiency and supporting facilities, making the economy more flexible and resilient, and giving full play to the advantages of the free market.
02
Hong Kong's achievements are its own strengths
Also borrow the power of the mainland
In terms of economic development, the "14th Five-Year Plan" outline, as always, supports Hong Kong in enhancing its status as an international financial, shipping and trade center and strengthening Hong Kong's role as a global offshore RMB business hub, international asset management center and risk management center.
In addition, the outline gives Hong Kong the orientation and direction of future development, such as building into an international aviation hub, a regional intellectual property trade center, and a Sino-foreign cultural and artistic exchange center.
In addition, the presence of mainland enterprises in Hong Kong has also contributed to the development of Hong Kong.
On September 7, the Financial Secretary of the Hong Kong Special Administrative Region, Chen Maobo, said in his speech at the Guangdong-Hong Kong-Macao Joint Online Seminar on "From Reform and Opening up to the Construction of the Greater Bay Area":
Hong Kong is the preferred international financing platform for mainland companies. As of the end of July this year, there were about 1,400 mainland companies listed in Hong Kong, accounting for half of the total listed companies in Hong Kong and more than 80% in terms of market value. At the end of last year, more than 600 mainland companies were listed in Hong Kong Set up regional headquarters or offices.
The fact that many mainland companies went to Hong Kong for listing reflects to a certain extent the positiveness of Hong Kong’s status and institutional advantages for corporate development, but the proportion of the total number of listed companies and market value also reflects the importance of mainland companies in helping Hong Kong develop into an international financial center.
03
Leading the development of the Greater Bay Area
Focus on introducing talents in key fields
At present, the Guangdong-Hong Kong-Macao Greater Bay Area is one of the regions with the highest degree of openness and the strongest economic vitality in the country. The construction of the Guangdong-Hong Kong-Macao Greater Bay Area is the best entry point for Hong Kong to better integrate into the overall development of the country, and it is also the best opportunity to promote the economic development of the Mainland towards internationalization.
Hong Kong is one of the leading cities in the Greater Bay Area. It is responsible for leading and promoting the economic development of the Greater Bay Area towards a higher value-added and more internationalized direction. In assisting the development, upgrading and transformation of the entire Greater Bay Area, Hong Kong’s participation is particularly important. important.
Deng Zhonghua, president of the National Hong Kong and Macao Research Association and former deputy director of the Hong Kong and Macao Affairs Office, said recently:
We must continue to attach importance to Hong Kong's function as an input and training destination for international talents, and attract talents from key fields and core production environments worldwide, so that talents can gather in the Bay Area, take root in the Bay Area, and provide talents for the high-quality development of the Greater Bay Area. Assure.
In order to add new impetus to development, the Hong Kong SAR government has been committed to attracting high-quality talents from all over the world to develop in Hong Kong. In recent years, a series of talent introduction policies have been launched, and policy requirements have been continuously adjusted, such as lower requirements and substantial increases in quotas.
The development of Hong Kong so far has not only depended on its own strengths and efforts, but also cannot do without the support of the state. In the future, Hong Kong can also seize the opportunity of the "Belt and Road" initiative and the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, stand at a new starting point, and bloom more wonderfully.
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