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��Home>>Politics
10th anniversary of HKSAR Basic Law
www.chinanews.cn 2007-06-06 17:48:01
(Source: Xinhua)
China's top legislator Wu Bangguo addresses a high-ranking seminar to
commemorate the 10th anniversary of the implementation of the Basic Law
of the Hong Kong Special Administrative Region on Wednesday morning, June
6, 2007.
BEIJING, June 6 - China held a seminar on Wednesday morning to
commemorate the 10th anniversary of implementing the Basic Law of Hong
Kong Special Administrative Region (HKSAR).
Chairman of the Standing Committee of China's National People's Congress
Wu Bangguo and Vice President Zeng Qinghong attended the seminar.
Delivering a speech at the seminar, Wu said what has happened has proved
and will continue to prove that the principle of "one country, two
systems" is workable and feasible and the Basic Law is a sound law able
to withstand the test of practice.
Wu emphasized that Hong Kong must uphold state sovereignty, exercise a
high degree of autonomy and ensure prosperity and stability.
Being an administrative region directly under the central government,
Hong Kong's high degree of autonomy is authorized by the central
government, Wu said.
"The practice of capitalist system and policies in the HKSAR is
predicated upon there is only one China and the practice of socialist
system is in the main body of China," said Wu.
At the same time, the central government will never interfere in the
affairs within the autonomy of the HKSAR, Wu said.
"To practice the capitalist system in Hong Kong with a high degree of
autonomy is necessary for the maintenance of the long-term prosperity and
stability of Hong Kong," he said.
"What I wish to stress here is that to maintain the long-term prosperity
and stability of Hong Kong has always been the fundamental objective of
the central government when addressing issues concerning Hong Kong," he
said.
The Basic Law is the legal guarantee of the long-term prosperity and
stability of Hong Kong, said Wu.
He noted that Hong Kong's GDP hit another record high in 2006,
registering a 6.8-percent increase over the previous year, export of
goods was up by 10.2 percent, consumer spending up by 5.1 percent and
unemployment rate down by 4.4 percent.
What's most gratifying is that the fiscal situation of the HKSAR
government has notably improved with a surplus of 55.1 billion HK dollars
in the fiscal year of 2006-2007 and treasury reserve up to 365.7 billion
HK dollars, said Wu.
He said Hong Kong has kept its features as a free port and a cosmopolitan
city, continued to be an international financial, trade and shipping
center and remained one of the world's most open and liberal economies
with the strongest dynamism for development.
HKSAR Chief Executive Donald Tsang said at the seminar that Hong Kong has
retained its international features, rule by law and various kinds of
freedom guaranteed by the Basic Law after its return (to the motherland).
"With state care and assistance, we have strived to display our unique
advantages and made significant achievements widely recognized by the
international community," Tsang said.
Enacted in accordance with the nation's Constitution, the Basic Law
specifies the guidelines of "one country, two systems", "Hong Kong people
administering Hong Kong" with a high degree of autonomy, Tsang noted.
"The Basic Law has laid a solid foundation for Hong Kong's economic and
social development and the improvement of people's livelihood," he said.
He said Hong Kong will strengthen cooperation with mainland against the
backdrop of global competition.
Hong Kong should expand the network with the inland provinces and
municipalities and join hands with inland cities to avoid vicious
competition, he said.
The chief executive citied Hong Kong's trade offices set up in Shanghai
and Chengdu last year, saying these offices have facilitated Hong Kong's
economic and trade cooperation with the inland areas.
To reinforce its position as an international financial center of Asia,
Hong Kong needs to get support from the inland areas and enhance
interaction and complementation in the financial sector, he said.
In the meantime, Hong Kong will maintain its role as an international
metropolitan, he said, adding Hong Kong will adopt an open and active
attitude to enhance contacts with international community in terms of
trade, education and culture.
Authorized by the Basic Law, the HKSAR can handle its external affairs
and the central government has always supported the region to carry out
exchanges with other countries and regions, which is very important to
consolidate the region's role as an international metropolitan, he said.
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