Public Finance : Objectives and Approach

22.    Hong Kong is one of the most advanced economies in the world, despite the relatively small scale of our economy.  Our GDP per capita has now reached US$44,000, overtaking Japan and many advanced economies in Europe.  Hong Kong's success is built on the resilience, hard work and sustained innovative efforts of past generations.  Our achievements are also attributable to the unique advantage of "one country, two systems", the fair and corruption-free system, rule of law, and the open and efficient market that we have.  I believe that while recognising the effect of market forces, the Government should play an active role as a facilitator by taking forward appropriate policies with the optimal use of public resources.  Only by doing so can we build a caring, just and pluralistic society, helping Hong Kong develop as an even more liveable, sustainable and vibrant city.