Press Releases in Hong Kong

Wu: EC members to help boost trade, investment

This file photo shows leading Hong Kong businesswoman Annie Wu Suk-ching at The Chinese Foundation Secondary School in Hong Kong on Aug 15, 2018. (ROY LIU / CHINA DAILY)

Selected members of the commercial sector in the Election Committee will certainly do their best and utilize resources to maximize trade and investment opportunities in both the Hong Kong Special Administrative Region and the Guangdong-Hong Kong-Macao Greater Bay Area, said leading Hong Kong businesswoman Annie Wu Suk-ching.

The Election Committee Subsector Elections are a seminal turning point for Hong Kong as this is the first step to ensure that “patriots” will govern and serve the special administrative region, in all areas, Wu said.

After the riots and disturbances in Hong Kong over the past two years, the National Security Law has put the city back on the track to stability. “Therefore, this election is a milestone of ensuring the ‘one country two systems’ (principle) to be preserved in HKSAR.”

Members in the commercial sector will leverage their resources and role as a link between Hong Kong and overseas markets to ensure rapid business development and economic growth in the region, said leading Hong Kong businesswoman Annie Wu Suk-ching

Members in the commercial sector will leverage their resources and role as a link between Hong Kong and overseas markets to ensure rapid business development and economic growth in the region, Wu said.

Her trust in the selected members doesn’t come out of nowhere, Wu said. The selection of the candidates was undertaken by the representatives of the particular sector, who have an intimate knowledge of the candidates’ background and expertise. So the candidates of choice are hand-picked on a fair and level playing field and up to par, Wu said.

ALSO READ: Wu: New law promises a safe and stable HKSAR

The makeup of the commercial sector is comprised of representatives from local, Chinese mainland and foreign business communities, which “truly reflects the comprehensiveness and inclusiveness compared to the former restricted representation (before the revamped electoral system),” Wu contended.

As a member of the Industrial II of the Election Committee, Allen Shi, president of the Chinese Manufacturers’ Association of Hong Kong, knows too well that their mission is to make a difference to the sector they’re in by addressing any underlying drawbacks and challenges. “We can play our roles of information dissemination, consultation and monitoring to ensure that enterprises receive their much-needed support in a timely manner, and help them regain strength so that they can capture the opportunities presented by our nation’s development,” Shi said.

Under the 14th Five-Year Plan (2021-25), the central government has shifted attention to internal circulation economic development with an emphasis on high-quality manufacturing activities. “To align with and make full contribution to the national development plan, we should likewise draft a forward-looking and comprehensive re-industrialization policy, and integrate it into the ‘dual circulation’ strategy and the Guangdong-Hong Kong-Macao Greater Bay Area development plan,” Shi said.

Shi said he plans to propose that the government devote more resources to helping traditional manufacturers in Hong Kong to upgrade and transform, and to rejuvenate Hong Kong brands and the “Made by Hong Kong” segment.

READ MORE: CE: Hong Kong can serve as talent base in Greater Bay Area

He hopes Hong Kong can reclaim its edge in manufacturing, an addition to the city’s soft assets. “This can help Hong Kong companies to tap into the opportunities created by the huge Greater Bay Area market and ‘internal circulation’.” he said.