Finding New Markets

76.    Under the "new economic order", emerging markets are of growing importance in the global economy.  In view of this trend, we need to expand our trading ties with the rest of the world and develop more markets for Hong Kong enterprises.

77.    The Proposal on Formulating the National 13th Five-Year Plan promulgated by the Central Authorities in November last year suggested that the Mainland would step up efforts to further open up its markets to Hong Kong and Macao.  Moreover, it expressed support for Hong Kong to continue to consolidate our competitive industries, to participate in our nation's two-way opening up and the Belt and Road Initiative, and to strengthen our status as the global offshore RMB business hub.

78.    Hong Kong enjoys unique advantages under "one country, two systems".  We have not only a free and open market, but also efficient and transparent regulatory regimes well aligned with international standards.  We are well placed to endure any threat that comes with the volatilities in external markets.

79.    Looking ahead, we should further leverage these advantages and provide appropriate support for our nation in the deepening of reforms, development of the economy in the process of opening up.