China’s third plenum presents opportunities for Hong Kong

The 20th Central Committee of the Communist Party of China adopted a milestone resolution at its third plenary session in July to further deepen reform and advance Chinese modernisation. The resolution has distinctive Chinese characteristics and profound implications for the world, and at the same time, it presents important opportunities for Hong Kong.

As a special administrative region of China, Hong Kong enjoys the unique benefits of the “one country, two systems” policy and a strategic location as a “superconnector” between China and the world. Currently, Hong Kong stands at a critical juncture, poised to transition into more effective governance and better development. Striking a sound balance between development, security and progress is both a call of the times and a historical mission for Hong Kong.

First, achieving high-quality development. Development remains a central theme in human society, and as China advances, it opens up new opportunities for the world. Over the years, China has put forward the Global Development Initiative, dovetailed with the United Nations Sustainable Development Goals, and is actively promoting high-quality development under the Belt and Road Initiative.