FII conference: Hong Kong’s ‘one country, two systems’ principle enables city to play bigger role on global stage than size suggests, John Lee says
- Number of fintech companies in city has risen by 25 per cent in just a year, city leader John Lee says in keynote speech at FII Priority Hong Kong conference
- Lee touts city’s deepening ties with Saudi Arabia, says both economies are negotiating investment promotion and protection agreement
Hong Kong’s “one country, two systems” governing principle has enabled it to play a bigger role than its size would suggest on the global stage in finance, innovation and building a sustainable future, the city’s leader has said, stressing the number of fintech companies setting up locally has risen by 25 per cent in just a year.
“In international trade, finance and more, we have long played a role much larger than our geographical size would suggest,” he said.
“Hong Kong is the world’s pre-eminent gateway and a ‘super value-adder’ for economies, cultures and peoples, East and West.
“Of course, all this is made possible by the unique one country, two systems principle. It affords us unparalleled access to the mainland of China and the rest of the world. And we will continue to play an engaging role in defining and shaping the mega trends of this 21st century.”
More than 1,000 policymakers, business leaders and are attending the conference themed “Megatrends Shaping Humanity” and Organised by the Future Investment Initiative Institute, a non-profit think tank run by Saudi Arabia’s Public Investment Fund, in partnership with the city government and bourse operator Hong Kong Exchanges and Clearing.
