I’m with Cable TV of Hong Kong. A separate chapter has been devoted to Hong Kong and Macao’s development in China’s 12th Five-year Plan. The central government has indicated in the plan that it will continue to support Hong Kong to develop its status as the international financial center. And further details have also been spelled out concerning the cooperation between Guangdong Province and Hong Kong with respect to a number of large infrastructural development projects. I would like to ask: what is the consideration of the Chinese central government in laying out all these arrangements. Some people argue that Hong Kong is losing its traditional advantage and is also unable to cope with regional competition on its own. And that is why the central government felt compelled to draw up the plan for Hong Kong’s development. I would like to ask: what is your view on this and will these measures taken by the central government be enough to help Hong Kong resolve some of its underlying problems, for example, the widening income gap in Hong Kong.
Your question reminds me of my visit to Hong Kong in 2003. It was during that visit in that year that I attended the signing ceremony of Closer Economic Partnership Arrangement Between Hong Kong and the Mainland. I would like to tell you that I want very much to visit Hong Kong again to see the people in Hong Kong and bring my greetings to the people in Hong Kong.
There is a sepearte chapter devoted to Hong Kong and Macao in the 12th Five-year Plan Outline. This shows that the central government has firm support for the long-term stability in Hong Kong and Macao. This not only meets aspiration of the governments of the Special Administrative Regions of Hong Kong and Macao and the People in the two SARs. It is also in the interest of the long-term development of Hong Kong and Macao. You said in your question that Hong Kong has lost its traditional advantage. Actually I take a different view. Hong Kong with strong backing of the motherland and facing the world has an open and free economy. It has a full fledged legal system that is consistent with international practices. It has a large pool of managerial personnel in various kinds. And Hong Kong has withstood the test of two financial crises. So I believe Hong Kong’s traditional advantage as international financial center has not changed.
It is set out in the 12th Five-year Plan that the central government will support Hong Kong in developing itself into an offshore RMB business center and an international asset management center. Actually many of the pilot programs that we have taken in the reform in the financial sector in recent years have been first conducted in Hong Kong SAR. For example, the RMB deposits now in Hong Kong have exceeded 300 billion Yuan. At the same time, we have also run the pilot program of settling cross-boarder trade with RMB in Hong Kong, in particular trade in goods. Moreover, the cooperation between Hong Kong and mainland, in particular the Pearl River Delta has been enhanced and fast progress has been made in the series of infrastructure projects linking Hong Kong with the mainland. All these have facilitated the freer flow of goods and personnel between the two sides. And I believe these measures will help further consolidate and develop Hong Kong’s status as an international financial center.
I believe Hong Kong has the ability to cope with not only regional competition and risks, but also international competition and risks. At the same time, Hong Kong is confronted by a complex external environment. Therefore, it is important for the Hong Kong SAR to be mindful of the potential perils, make the most of the good opportunities and meet the challenges head on. I have said that Hong Kong needs to pay close attention to the following three things: First, Hong Kong needs to have a long term and scientific development plan; Second, it needs to attach great importance to addressing the underlying problems in Hong Kong’s economic and social development; And third, Hong Kong should work hard to improve people’s well-being. At the same time, I believe it’s important for Hong Kong to pay close attention to the development of education and science and technology so as to sustain its momentum of future development. Meanwhile, Hong Kong needs to further develop its service sector, including financial services and tourism in the light of Hong Kong’s actual conditions and further develop those small innovative high-tech enterprises to create more jobs. Hong Kong has sufficient government revenues and ample foreign exchange reserves. Hong Kong needs to make the most of its favorable conditions to improve the social safety net, in particular, take good care of the vulnerable groups, so that people in Hong Kong will lead a much better life.
注：蓝色标注的翻译不够确切，常见另一种译法为social security system，因为社会保障体系主要涉及医疗、养老等问题，用safety显然涵盖范围太小，social security system更好。
Let me take a few minutes to address something that you did not mention in your question.
Well, that is during the formulation of the 12th Five-year Plan Outline there was such an opinion in Hong Kong that the plan was actually imposed upon the Hong Kong SAR. Here, I would like to emphasize that we will adhere to the principle of “One Country, Two Systems”, “The Hong Kong people administering Hong Kong” and a high degree of autonomy. We will act in strict accordance with the Basic Law. And the purpose of the central government in laying out such a chapter about Hong Kong and Macao in the 12th Five-year Plan is to support Hong Kong’s development and this arrangement will in no way replace Hong Kong’s own plan.