The central government of China will implement policies to facilitate Hong Kong's economic development, and improve cooperation mechanisms with Hong Kong, China's President Hu Jintao has said.
Speaking at the third-term HKSAR Government inauguration ceremony, President Hu stated that as long as the Hong Kong Government and people work in partnership, enhance economic cooperation with mainland China, and keep pace with economic globalisation, they can ensure Hong Kong's sustained and steady economic growth.
Hong Kong has remained a free port and an international financial, trade and shipping centre during the past decade, and has been consistently rated as the most open and free economy and one of the most dynamic regions with the best business environment in the world, President Hu said.
During the ceremony, Chief Executive Donald Tsang explained that the Government had promoted a new mode of economic development: The financial sector will be expanded and investment in infrastructure will be increased to drive wage increases and create more job opportunities for grassroots workers.
Tsang and the new lineup of Principal Officials were sworn in at the third-term HKSAR Government inauguration ceremony on Monday morning. The Chief Executive then swore in Executive Council members at the event at the Hong Kong Convention & Exhibition Centre.
About 2,000 guests attended the ceremony, including Central Government representatives, members of the Executive and Legislative Councils, Hong Kong delegates to the National People's Congress and the Chinese People's Political Consultative Conference, political and economic figures, socialites, senior executives of Hong Kong-based Chinese enterprises, and the foreign diplomatic corps.
In his address, Mr Tsang thanked the Central People's Government and the people of Hong Kong for their support. He pledged "to do my utmost to get my job done in the best interests of Hong Kong and our country, as I promised during my election campaign".
"Hong Kong is where I grew up. I have always believed in this city and in the drive and diligence of our people to strive for excellence and to do their best. This spirit of 'getting the job done' is an innate quality of our community. We should never underestimate this spirit," he observed.
"Over the past ten years, this spirit has led us to overcome each and every challenge that has come our way and allowed us to continue to move forward. The competition ahead is fierce. We are not only competing with neighbouring cities, but with cities around the world. If we embrace our professionalism, there is no reason for us to doubt our strengths."
"Over the next five years, Hong Kong needs to transform itself. We must fully realise the potential of our people, and enhance our strengths, by tapping into the opportunities created by our country's rapid economic development. Hong Kong can contribute even more to our country, and scale new heights," he stated.
Mr Tsang spoke of the benefits derived since Hong Kong returned to China under the concept of 'One country, two systems'.
"Over the past decade, we, as the Hong Kong Special Administrative Region of the People's Republic of China, have witnessed our country's marvelous achievements in areas such as the economy, foreign affairs, social affairs, culture and sports - all a result of independent innovation and ability. We are no longer bystanders, but active participants. We have benefited from the process, but also contributed to it," Tsang announced.
He continued:
"Hong Kong needs our country, and our country also needs us.The greatest contribution we can make to our nation is to ensure the full implementation of 'One country, two systems' and 'Hong Kong people ruling Hong Kong' under the Basic Law, harnessing the creativity brought about through the interaction of the two systems and making the best of the advantages of our own systems, to bring a greater momentum for the advancement of both the country and Hong Kong."
"If we can accomplish this, I am most confident that the next 10 years will be a glorious decade shared by both our country and Hong Kong."
He urged people "to aspire to achieve greater things for our country, without forgetting the pragmatic attitude on which our city's success has been founded. Together, let us embark upon a new journey for a new decade".
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