- Hong Kong, Macao’s progress linked to China’s national growth.
- Hong Kong’s financial strength thrives under national policies.
- Macao benefits from Hengqin’s economic collaboration.
- “One country, two systems” boosts both regions’ success.
- Advisors stress future success through national alignment.
Political advisors from Hong Kong and Macao discussed their regions’ significant contributions to China’s national development during the closing session of the 14th CPPCC National Committee at the Great Hall of the People in Beijing on Monday, 10 March.
Their discussions focused on how both regions have grown economically and socially. This growth is in alignment with China’s broader goals. Irons Sze Wing-wai from Hong Kong and Ho Ion-sang from Macao shared their perspectives. They discussed how these regions have flourished under national policies.
Hong Kong’s Economic Role
Irons Sze Wing-wai, a member of the CPPCC from Hong Kong, credited the city’s success as a global financial and trade hub to China’s economic reforms, which began in the late 1970s. As a result, over 1,400 mainland enterprises are now listed on Hong Kong’s stock market. They account for more than 80% of its total market value. This underscores Hong Kong’s strong appeal to mainland businesses.
Sze emphasized that Hong Kong’s development is closely tied to national growth. Since Hong Kong’s return to China in 1997, the “one country, two systems” principle has been in place. This principle has provided the city with institutional support, allowing it to preserve its traditional strengths while also integrating with China’s overall development plans.
In addition, Hong Kong’s role as a major port city further strengthens its economic ties to mainland China. A significant portion of the city’s port activities involves trade between Hong Kong and the mainland. This fosters Hong Kong’s synergy with national economic progress.
Sze also called for Hong Kong to continue embracing its “Lion Rock Spirit.” This spirit symbolizes resilience and determination, qualities that have helped Hong Kong face challenges in the past. Looking ahead, Sze urged the city to leverage its strengths to contribute to the nation’s future success.
Macao’s Progress Under National Policies
Ho Ion-sang, a CPPCC member from Macao, reflected on the city’s remarkable transformation over the past 25 years. This transformation took place under the “one country, two systems” framework. He highlighted the Guangdong-Macao In-depth Cooperation Zone in Hengqin, which is a national initiative to enhance collaboration between Guangdong and Macao.
Furthermore, the cooperation zone has opened up new industrial opportunities for Macao. In addition, it has provided improved facilities for its residents. Ho particularly mentioned the Macau New Neighbourhood project in Hengqin. This mixed-use development integrates residential, commercial, and public service functions, meeting Macao’s standards.
The Macau New Neighbourhood project has been warmly welcomed by Macao residents. Many of them live or work in the mainland, and this project demonstrates how Macao’s integration with mainland China has positively impacted the daily lives of its people.
Moreover, Ho also pointed out the expansion of Macao’s education, healthcare, and public services to Hengqin. This extension of public services has directly benefited Macao residents living in Hengqin. The integration of Macao and Hengqin highlights the success of the “one country, two systems” principle, which has promoted prosperity for both regions.
The speeches from Hong Kong and Macao’s political advisors underscored the continued success of the “one country, two systems” policy. This policy has driven both regions’ development. While Hong Kong remains a global financial hub, Macao has seen impressive progress through initiatives like the Guangdong-Macao Cooperation Zone.
Finally, both regions’ futures are closely tied to China’s broader development. By continuing to embrace these policies, Hong Kong and Macao are positioned to overcome future challenges. They are ready to contribute to the nation’s ongoing growth.