Hong Kong marked the 26th anniversary of its return to the motherland on Saturday, showcasing signs of recovery from the COVID-19 pandemic and political unrest. The local government expressed optimism, projecting economic growth between 3.5 to 5.5 percent for 2023.
The day commenced with a flag-raising ceremony at Golden Bauhinia Square, led by the Hong Kong Special Administrative Region (HKSAR) government. Attendees, including Chief Executive John Lee, former CE Carrie Lam, and officials from key central government institutions, joined in singing the national anthem.
During his speech at the reception following the ceremony, Chief Executive Lee highlighted the progress made in overcoming economic contraction. Hong Kong’s economy grew by 2.7 percent in the first quarter of this year, breaking a four-quarter decline. Lee also mentioned Chinese President Xi Jinping’s endorsement of the “one country, two systems” policy, emphasizing its long-term adherence.
Lee acknowledged challenges such as weak imports and exports and uncertainties in the external environment. However, he emphasized that the country’s 14th Five-Year Plan, Greater Bay Area development, and Belt and Road Initiative present numerous opportunities for Hong Kong. Economic growth for this year is anticipated to return to positive territory, with estimates ranging from 3.5 to 5.5 percent.
Efforts to attract talent from mainland China and around the world have intensified, with the goal of attracting 35,000 talents annually. The investment promotion department has facilitated the establishment or expansion of over 180 domestic and overseas companies in Hong Kong, reflecting a 30 percent increase compared to the same period last year.
In addition, starting from July 1, 2023, vehicles with HKSAR license plates are permitted to enter the mainland, fostering business cooperation and people-to-people exchanges. Over 16,400 Hong Kong residents have already applied for a permit, indicating strong interest and potential for increased connectivity.
While Hong Kong has achieved social order and stability, Chief Executive Lee urged preparedness for potential risks. He noted the need for vigilance, as some countries misjudge China’s peaceful development and forces within Hong Kong pose threats through “soft resistance.” Safeguarding national security was emphasized, calling on citizens to be proactive in this regard.
Patriotic education also came into focus, as a draft law was submitted to China’s top legislature to enhance national identity in Hong Kong, Macao, and Taiwan. Starry Lee Wai-king, a member of the Standing Committee of the National People’s Congress (NPC), stressed the importance of catching up with progress in patriotism education. She called for comprehensive