Hong Kong's economic vitality and global competitiveness continue to strengthen under the 'One Country, Two Systems' framework, Chinese Foreign Ministry Spokesperson Mao Ning affirmed during Tuesday's press briefing. The remarks came as the city marked the 28th anniversary of its return to China, with Mao highlighting nine consecutive quarters of GDP growth and top-three rankings in global financial center evaluations.
Security and Stability Fuel Growth
Mao emphasized that the 2020 National Security Law has strengthened Hong Kong's legal framework while protecting residents' rights. 'Social stability has created fertile ground for development,' she noted, pointing to the city's #1 global ranking in IPO fundraising and air cargo shipping this year.
Global Confidence in Hong Kong
Foreign investment continues flowing into the Special Administrative Region, with Hong Kong maintaining its position as the world's third-largest FDI recipient. Over 1,400 overseas companies established regional offices in 2023 alone, while international chambers of commerce actively recommend increased investment.
Addressing International Concerns
The spokesperson dismissed Western criticism of Hong Kong's governance as 'baseless smears,' asserting that economic indicators prove the city's appeal. 'High security enables high-quality development,' Mao stated, referencing Hong Kong's fourth-place position in the International Shipping Center Development Index.
As nightlife resumes in Lan Kwai Fong and financial districts buzz with activity, Hong Kong's unique blend of Chinese sovereignty and global connectivity continues drawing international businesses and talent. With over 120,000 registered companies from 150 countries and regions, the city remains Asia's gateway for cross-border innovation.
