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HK in good position to thrive again, former leaders say
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published : 24 May 2021 at 09:00
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Located in the heart of Asia, Hong Kong’s high degree of connectivity, globally and with the mainland of China, helps people and businesses achieve excellence in their chosen fields. With sound fundamentals, a strategic location, advanced soft and hard infrastructure and world-class talent, Hong Kong is Asia’s world city – a place where people and businesses from around the world can connect with opportunities throughout the region. Hong Kong-Zhuhai-Macao Bridge (HZMB)
The city is ranked by Canada’s Fraser Institute the freest economy in the world in its Economic Freedom of the World: 2020 Annual Report, while The World Economic Forum’s Global Competitiveness Report ranked Hong Kong third in 2019. The World Bank’s Doing Business 2020 Report ranked Hong Kong third globally among 190 economies. Hong Kong was also recognised by the International Institute for Management Development as the
Hong Kong – Where Opportunities Connect
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Blockchain, the Core of the CCP’s Digital Currency in Its Ambition for Global Hegemony
News Analysis
The Chinese Communist Party (CCP) has been pushing its digital currency project in recent years. The CCP’s central bank has been conducting research on digital currencies since 2014. In August 2019, a report by the CCP’s mouthpiece Xinhua News Agency said that the Central Bank’s Digital Currency Research Institute, established in 2017, had so far “applied for 74 patents involving digital currency technology.” Another Xinhua report in October 2019 revealed how much importance the CCP attached to digital currency and blockchain technology. According to the report, Xi Jinping, the CCP’s leader, suggested during the 18th collective study session of the Politburo that blockchain technology needs to “play a bigger role in building China into a cyber power, developing the digital economy, and helping economic and social development.”
1 2021-05-21 09:22:53China Daily
Editor : Cheng Zizhuo
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Hong Kong s chief investment promotion officer has expressed full faith in the city s future economic development, as the newly enacted National Security Law for Hong Kong and improvements to its electoral system bring stability to the city s business environment.
Hong Kong, being part of the growth engine of the Guangdong-Hong Kong-Macao Greater Bay Area while also enjoying good connections with member economies of the Association of Southeast Asian Nations, is still the go-to place for growth-driven global companies, Stephen Phillips, director-general of investment promotion at InvestHK, said in an exclusive interview with China Daily.
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