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
Uruguay's Ambassador to China Anibal Cabral said China's five-year plan should be examined closely as a "basic input" to understand how the world will develop when talking about the significance of China's "two sessions" in a recent interview with China Central Television.
The "two sessions," or the annual gatherings of the National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC), are currently being held in Beijing. The draft outline of the 15th Five-Year Plan (2026-2030) for China's national economic and social development was submitted to the fourth session of the 14th NPC for review on March 5.
Cabral said Uruguay is paying close attention to the new five-year plan, highlighting the growing ties between the two countries. He shared his views about China's development blueprint and its global importance.
"China has been Uruguay's main trading partner for the past 14 years, both for exports and imports. Of course, since it is a planned economy with five-year plans, we are always very interested in studying them. In fact, many staff members at the Ministry of Economy asked me to obtain a copy of the five-year plan so they could study it. What can we see in the five-year plan? The modernization of China, the rejuvenation of its population, and its development. It includes some of the highest planned growth rates today -- around 5 percent. But above all, it also emphasizes the consolidation of its domestic market and internal economy. The growth of income among the Chinese population is very important, as it creates a consumer base for the entire world and a very advantageous market. We should also highlight the developments China has achieved in green economy," he said.
Cabral also stressed China's positive role in promoting global stability, suggesting that China's five-year plans are good references to studying future development trends.
"It is a very uncertain world, with many changes, but China provides us with stability. With China, Uruguay shares very important principles in the international arena, especially the promotion of multilateralism, respect for international rules, and compliance with the regulations of the World Trade Organization -- topics on which Uruguay and China share a vision. This vision is part of a broader goal of a more multipolar, more democratic world with stronger global governance. I believe that nowadays, because of China's importance, most economists, politicians and international analysts are studying the Chinese five-year plan and examining it closely as a basic input to understand how the world will develop in the next five years," said the ambassador.
Uruguay's Ambassador calls China's five-year plan "basic input" to understand future world development
