Financial Secretary Chen Maobo today (17th) published a blog stating that Hong Kong’s future economic development is inseparable from the development of the country. It will help Hong Kong young people to better grasp the opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area and take the express train of national development. They open up a broader space for career development.
He emphasized that the mainland government is very supportive of Hong Kong's young people in starting businesses and employment in the mainland, and has introduced many convenient policies and measures. The SAR government will continue to provide support and assistance.
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Refers to the continuous increase in the income level of mainland residents; Hong Kong's exports are expected to grow at a considerable rate
In his blog, Chen Maobo pointed out that looking back at history, Hong Kong’s development path has always been closely linked to the country’s development, and Hong Kong’s trade development has also closely followed the pace of national economic transformation. From the early days, it mainly expanded overseas markets for goods in the Pearl River Delta, and now it is more widely used in the Mainland. The increasing domestic demand to provide services refers to the fact that the Mainland is Hong Kong’s largest export market for goods, accounting for 35% of total exports from 2000 to 59% last year.
He pointed out that in the future, the income level of mainland residents will continue to increase. The middle-income population is estimated to increase from the current 400 million people to 800 million people. The consumption power will increase. In addition, the "14th Five-Year Plan" proposes to focus on the domestic cycle. Development strategy, the mainland's demand for high-quality products and services will increase, and Hong Kong's exports to the mainland will continue to grow at a considerable rate.
Chen Maobo attended the 130th China Import and Export Fair in Guangzhou and gave an opening speech at one of the sub-forums of the first "Pearl River International Trade Forum".
(Information Services Department)
The AA is building a high-end logistics center and is expected to be put into operation in 2023
Chen Maobo continued that Hong Kong has always been an important gateway for the country to conduct trade with other parts of the world. It has the advantages of the "one country, two systems" system, conforms to international commercial rules, efficient financial, transportation and logistics services, a zero-tariff free port policy, and efficient Customs clearance services, etc.
He pointed out that as an international trade and shipping center, Hong Kong has been actively promoting the development of modern logistics industry and enhancing Hong Kong’s competitiveness as a regional logistics hub, especially in providing high value-added services and handling high-value goods.
He also pointed out that the AA will build a high-end logistics center in the airport cargo area to promote high value-added third-party logistics services. The AA is also planning to set up a "Hong Kong International Airport Logistics Park" in Dongguan, as well as an "airside sea-air intermodal freight forwarding" in the new reclamation area of the third runway of the airport. "Terminal" means that with the opening of the three-runway system at Hong Kong Airport in 2024, the annual air cargo throughput will exceed 9 million tons, which can meet the demand for more than 10 years in the future.
Chen Maobo finally pointed out that Hong Kong has experienced many ups and downs in the past two years. After the implementation of the National Security Law and the revision of the electoral system, Hong Kong has changed from chaos to governance and is entering a new stage of governance and prosperity. Under the "dual cycle" development strategy, Hong Kong will be more actively integrated into the overall national development, coordinate and mutually beneficial development with brother cities in the Greater Bay Area, promote the development of trade, shipping and logistics to a higher level, and jointly build a world-class bay area and a world-class city Group, while serving the country, realize the sustainable development of Hong Kong's economy.
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