Oriental beads open a new article 丨 "Fan Qi" set off again: 25 years, Hong Kong has stepped into the overall national development situation step by step

Author:21st Century Economic report Time:2022.06.30

Li Zhen, a reporter from Southern Finance and Economics, reported that this year was the 25th anniversary of Hong Kong's return to the motherland and the 3rd anniversary of the release of the "Development Planning of the Guangdong -Hong Kong -Macao Greater Bay Area".

In the past 25 years, the rapid development of Hong Kong's economy was once known as the typical representative of the "Four Asian Dragons". Especially in the great practice of "one country, two systems", the Hong Kong economy has continued to grow and grow. Consolidate. From 1997 to 2021, Hong Kong's per capita GDP increased from HK $ 192,200 to HK $ 387,100. In 2021, the average daily turnover of the spot stock market of the Hong Kong Exchange reached HK $ 166.7 billion, more than 10 times that of 1997.

In the past 25 years, the economic and trade exchanges and cooperation between the Mainland and Hong Kong have also been deepened, the level has continued to improve, and the field has continued to expand, showing a good situation of integration and mutual promotion. Data from the Ministry of Commerce show that from 1997 to 2021, the trade volume of the Mainland and Hong Kong increased from US $ 5.77 billion to US $ 360.33 billion; as of the end of 2021, the Mainland had absorbed Hong Kong's investment over 1.4 trillion US dollars, accounting for 57.6 of the mainland's total foreign capital absorption foreign capital. %, The mainland's direct investment in Hong Kong's non -financial category exceeds 800 billion US dollars, accounting for 53.2%of the mainland non -financial direct investment.

From the perspective of interviewed experts, the prosperity and stability of Hong Kong benefited from the strong backing of the motherland, and Hong Kong promoted mutual advancement with the Mainland. Hong Kong is integrated into the overall national development situation, and it is not only a beneficiary, but also an important participant in the large domestic cycle and an important promoter of China Unicom's domestic and international dual cycles. In particular, with the depth of the construction of the Guangdong -Hong Kong -Macao Greater Bay Area, the three -dimensional transportation network covering the city of the Greater Bay Area is more and more dense, and the integration and development of Hong Kong and the Mainland is increasingly strong.

Hong Kong and the Mainland share prosperity

When it comes to Hong Kong, the words "Hong Kong Miracle" are always unable to turn around.

Hong Kong's small region and lack of resources have developed from a small fishing village to a world -renowned metropolitan metropolitan city.

Behind the "Hong Kong Miracle", it is inseparable from Hong Kong's long -term adherence to "low tax burden, free opening, fair competition". Especially after the return of Hong Kong, it continued to maintain its original advantages, and with the support of the "one country, two systems", accelerated the integration of the national development situation, and continued to write new stories under the development of the Lion Mountain and the new legend of prosperity.

Today, Hong Kong's world competitiveness, the global financial center index and the total international trade ranking ranks among the top. Chen Maobo, director of the Financial Secretary of the Hong Kong Special Administrative Region Government, successfully attributed the transformation of Hong Kong to the Mainland: take the opportunity of the mainland's reform and opening up, from the manufacturing center to the international financial, trade, and shipping services industry. All. "Hong Kong's contribution to reform and opening up has also benefited from national development."

Peng Haoxian, Honor President of the Hong Kong Chamber of Commerce in Guangdong Province, Pricewater -Yongdao Audit Partner and the leader of Kunming Branch, felt deeply. As a native of Hong Kong, he was sent to work in Guangzhou from Hong Kong in 2006 and witnessed the development of the mainland market all the way.

"I have been serving the company in Pricewater -Yongdao. After the return of Hong Kong in 1997, Hong Kong and the Mainland are tight and higher. We helped a lot of mainland companies to go public in Hong Kong. At that time, I firmly believed that there must be a large number of companies in the Mainland to come to Hong Kong to go public. "Peng Haoxian did not hesitate to agree after he got the opportunity to work in the Mainland.

It turns out that his judgment is right. In the 25 years, Hong Kong has been one of the world's preferred listings in the world. The number of companies listed in Hong Kong has been rising every year. As of April this year, mainland companies have listed 1,370 in Hong Kong, accounting for 53.3%of the total number of listed companies in the Hong Kong Stock Exchange, and 77.7%of the total market value of Hong Kong stocks.

Peng Haoxian believes that in the past 25 years, the connection between Hong Kong and the mainland of China has become increasingly close. A win -win situation has been formed between Chinese -funded enterprises and the Hong Kong market. Chinese -funded enterprises south have added vitality to the Hong Kong capital market; the Hong Kong capital market has also passed Helping these Chinese -funded enterprises financing has achieved faster development.

Chow Tai Fook and New World Group are the first batch of Hong Kong companies to enter Guangdong. It has invested in Guangdong for more than 40 years, with a total investment of more than HK $ 200 billion.

"Hong Kong is a bridge in the world in the world. The Guangdong -Hong Kong -Macao Greater Bay Area is undoubtedly the most cutting -edge landscape connected by this bridge. The Greater Bay Area accounts for 11%of the national GDP. Zheng Zhigang, Executive Vice Chairman and CEO of the World Development Co., Ltd., said that the construction of the Greater Bay Area has allowed Hong Kong to better integrate into the development of the motherland, and the New World also enjoy the dividend of development in the Mainland.

As early as 1983, the New World led the first hotel in the Mainland to operate in the mainland. For more than 30 years, it has actively participated in the construction of the mainland urban infrastructure, and even moved the New World China headquarters from Hong Kong to Guangzhou in 2021.

"As a new world from Shunde, Guangdong, the Guangdong -Hong Kong -Macao Greater Bay Area is not only a business for us, but also the roots." Zheng Zhigang said.

Hang Seng Bank also followed the economic development of the Mainland to achieve rapid progress. Since the establishment of the first representative office in Shenzhen in 1985, the development of Hang Seng Bank in the Mainland has been close to 40 years and has developed more than 40 branches. About 75%of the public customers are the common customers of the two places, that is, in Hong Kong, at the same time, in Hong Kong, Cooperate with the Mainland and Hang Seng Bank. Song Yuesheng, vice chairman and president of Hang Seng Bank (China) Co., Ltd., told reporters that the Hong Kong market is one of the most important financing channels for mainland companies. With the opening of China's financial markets, CEPA, cross -border financial management, etc. The market opportunities for more than the mainland and Hong Kong to serve and participate together are highlighted.

"In the past 25 years, Hong Kong has developed rapidly in the integration of the Mainland and Hong Kong. While Hong Kong helps mainland companies invest in the exhibition industry overseas, the rapid development of the Mainland economy and the construction of the Guangdong -Hong Kong -Macao Greater Bay Area have also brought development opportunities to Hong Kong." Song Yueheng said Essence

Examples like New World Group and Hang Seng Bank abound. While Hong Kong has contributed to reform and opening up, it has also benefited from integrating into the overall national development situation.

The construction of the Greater Bay Area is a major development opportunity in Hong Kong

In fact, the implementation of national strategies such as the “Belt and Road” initiative and the construction of the Guangdong -Hong Kong -Macao Greater Bay Area is a major development opportunity for Hong Kong.

Taking the Guangdong -Hong Kong -Macao Greater Bay Area as an example, the Greater Bay Area urban agglomeration consisting of the nine cities of Hong Kong, Macau and the Pearl River Delta is one of the most competitive and most competitive bay areas in the world. In 2021, the total economic volume of the Greater Bay Area was about 1.2.6 trillion yuan, entering 25 Fortune 500 companies. The comprehensive strength was significantly enhanced. Guangdong -Hong Kong -Macao cooperation was deepened, and the people of the three places were more fulfilling.

The reform and opening up of the Mainland inserted a wings for the development of Hong Kong, and the construction of the Guangdong -Hong Kong -Macao Greater Bay Area inserted another wings to Hong Kong. Xiao Guowei, chairman and president of Guangdong Jingke Electronic Co., Ltd., understands this.

In early 1998, Hong Kong returned, and Xiao Guowei went to Hong Kong University of Science and Technology to study for a doctorate degree. At that time, he was determined that the connection between Hong Kong and the Mainland would be closer and he was full of confidence in Hong Kong's future development. For more than two decades in the future, Xiao Guowei experienced the whole process of studying and working at the Hong Kong University of Science and Technology, and also witnessed the development opportunities brought by the Guangdong -Hong Kong -Macao Greater Bay Area strategy to Hong Kong and its individual from the side.

Under the incubation of the Hong Kong University of Science and Technology, Xiao Guowei and Professor Chen Zhenghao jointly founded Micro Crystal Advanced Optoelectronics Technology Co., Ltd., which moved to Guangzhou Nansha and renamed Crystal Electronics.

"The company's growth benefits from the development of the Guangdong -Hong Kong -Macao Greater Bay Area. Hong Kong provides a convenient financing environment for the development of Jingke Electronics. The company's three rounds of financing is completed in Hong Kong; the Mainland has given Jingke Electronics more mature industries The foundation, I often drive three cities in a day to communicate with partners. "Xiao Guowei said.

Peng Haoxian also believes that the Guangdong -Hong Kong -Macao Greater Bay Area has a unique advantage in the development cause. Hong Kong is an international city that allows mainland customers to better understand the global market and go abroad to make financing; in turn, the mainland market has developed rapidly, especially in terms of industrial chain and supply chain. "In the past 25 years, the Hong Kong and Mainland markets have supported each other and achieved common achievements."

The "Outline of the Development Planning of the Guangdong -Hong Kong -Macao Greater Bay Area" clarifies the five strategic positioning of the Guangdong -Hong Kong -Macao Greater Bay Area, that is, the vibrant world -class urban agglomeration, the international scientific and technological innovation center with global influence, the important support of the "Belt and Road" construction, and the construction of the "Belt and Road". The Mainland and Hong Kong and Macau in -depth cooperation demonstration areas, livable, and well -known high -quality living circles.

According to the five major strategic positioning, Hong Kong is integrated into the overall national development situation. Taking the International Science and Technology Innovation Center as an example, Hong Kong has unique advantages in basic scientific research, especially the global scientific and technological innovation system and promoting international cooperation. Five universities in Hong Kong are ranked among the top 80 in QS University, with 16 key national laboratories, and the basic innovation motivation.

Wang Yang, vice president of Hong Kong University of Science and Technology, told Southern Finance and Economics reporters, "I am very optimistic about the future of Hong Kong, especially after the storm in 2019, the society is now stabilizing. The assets of future innovation and development are very confident in building an international science and technology innovation center in the Greater Bay Area. "

The Hong Kong University of Science and Technology has always been a fan of the joint innovation of science and technology in Guangdong and Hong Kong. As one of the earliest "pioneers" in Nansha, the Hong Kong Science and Technology Division participated in the construction of the Nansha Information Science and Technology Park as early as 2003; in 2007, it was founded by the Huo Yingdong Research Institute of the Hong Kong Science and Technology University of Science and Technology. In September this year, the Hong Kong University of Science and Technology (Guangzhou) will usher in a formal start, and the Greater Bay Area will usher in a new paradigm for joint technology.

Wang Yang introduced that innovation is the genetic generated by the blood of the Hong Kong University of Science and Technology. The Hong Kong University of Science and Technology in Qingshui Bay, Hong Kong and the Hong Kong University of Science and Technology (Guangzhou) located in Nansha, Guangzhou will jointly form "Hong Kong University of Science and Technology 2.0". Disciplinary construction to promote scientific and technological innovation and talent training.

Scientific and technological innovation is just one aspect. In the future, Hong Kong will further integrate into the overall national development situation. In 2009, the state launched a pilot of cross -border RMB trade settlement. In 2010, the Mainland signed a memorandum with Hong Kong, and the Hong Kong offshore RMB business further expanded. Since then, the opening of the "Shanghai -Hong Kong Stock Connect" and "Shenzhen -Hong Kong Stock Connect" has opened up two -way circulation channels between international funds and mainland funds and markets.

Peng Haoxian believes that Hong Kong will play a unique advantage and key role, becoming a two -way springboard for international capital to enter the mainland market, the financing of mainland enterprises and enter the international market, and play an important role in the two -way interaction. The financing center is also an important channel for international funds to enter the mainland market. The "Fourteenth Five -Year Plan" outline has clearly supported Hong Kong to improve Hong Kong to enhance the status of international finance, shipping, and trade centers, strengthen Hong Kong as a global offshore RMB business hub, international asset management center and risk management center, and support Hong Kong to enhance the status of international aviation hubs to improve the status of international aviation hubs It supports Hong Kong to build an international innovation technology center and regional intellectual property trading center, as well as supporting Hong Kong to develop the development of Chinese and foreign culture and art exchange centers.

Recently, the "Guangzhou Nansha Deepening the World's Comprehensive Cooperation Overall Plan for the World" published by the State Council presented a "great gift" to the youth of Hong Kong. The negative part is incorporated into the scope of local entrepreneurial subsidy support to the eligible Hong Kong and Macao residents who meet the conditions.

"I have always encouraged young people in Hong Kong and Macao to come to the Greater Bay Area for development. There is no need to set up limits. We can first experience it. We may not be the same role of 'super contact person', but we can make a small part." Peng Haoxian Say.

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