Aligning with the nation's 15th Five-Year Plan (2026-2030), the Hong Kong Special Administrative Region (HKSAR) must seize the moment and better integrate itself into the nation's overall development by relying on its institutional strengths, a national political adviser from the region said on Wednesday.
Prior to the closing meeting of the fourth session of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) on Wednesday, members of the National Committee of the CPPCC from the HKSAR and the Macao Administrative Region met with the media in a group interview.
Tu Haiming, vice-chairman of the Committee on Liaison with Hong Kong, Macao, Taiwan and Overseas Chinese of the Chinese People's Political Consultative Conference and a member of the CPPCC National Committee, underlined HKSAR's achievements over the past year.
"Last year, the ringing of the gong was heard at the Hong Kong Stock Exchange every three days on average, with a total of 119 companies listed throughout the year, raising 285.8 billion Hong Kong dollars, ranking first globally. I want to tell everyone that 94 percent of these companies are from the mainland, and they raised 88 percent of the total funds," he said.
"In last August, the Ministry of Science and Technology issued certificates to 15 national key laboratories in Hong Kong. The HKSAR government announced that it would allocate 20 million Hong Kong dollars annually to each key laboratory as research funding," said Tu.
Hong Kong, with its rich experience in international markets, can be a launchpad for Chinese mainland enterprises to go global, according to Tu.
Tu also noted the region's advantages in institutional strengths and green projects.
"Hong Kong serves as a bridge for institutional innovation. Hong Kong's rules, regulations, and management standards are all aligned with those of the nation. We can contribute to our country's next step of high-level opening up, reforms, and institutional opening up," he said.
HKSAR must integrate into national development through institutional strengths: political advisor
