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GBA rule of law action plan released

The Action Plan on the Construction of Rule of Law in the Guangdong-Hong Kong-Macao Greater Bay Area has been released, the Department of Justice (DoJ) announced today.   Secretary for Justice Paul Lam explained that the action plan has two intentions, namely to underpin the guiding principle of “Three Interfaces, Two Connects & One Greater Bay Area”, and strengthen collaboration with the legal and dispute resolution sectors and other stakeholders to effectively implement policy measures set out in the plan.   Through mechanisms, regulatory frameworks and talent – the “three interfaces” – the DoJ said it will promote hardware and software connectivity in constructing rule of law in the bay area, co-operation between the various cities according to their respective strengths, and collaboration between different legal systems, thereby eventually achieving the goal of “one Greater Bay Area”.   Deputy Secretary for Justice Cheung Kwok-kwan, who is also the leading Hong Kong

FS welcomes strategic enterprises

Allow me to congratulate you on choosing Hong Kong to expand your business in this region. Whether you are setting up a global R&D (research and development) centre or regional headquarters, rolling out new trade, or developing Web3 payment services or production facilities for green and low-carbon construction technologies, Hong Kong is where you want to be. 

 

We have a comprehensive and sophisticated financial ecosystem to support your funding needs at all stages of development. Our world-class academic and research institutions and their R&D capabilities offer boundless opportunities for collaboration. The "one country, two systems" arrangement is here for the long run. It guarantees openness and global connectivity, the rule of law, the free flow of capital, data, talent, as well as seamless alignment with best international business practices.

 

Strategic enterprises are our highly valued partners. By expanding your operations here, you will bring investments, advanced technology and job opportunities to our community. And beyond investments and jobs, the entrepreneurship and innovation spirit that you will inject into our economy are highly treasured.

 

Ladies and gentlemen, today's ceremony is another significant advance in Hong Kong's rise as an international innovation and technology hub. OASES (Office for Attracting Strategic Enterprises) will continue to reach out to strategic enterprises. This year, it will meet with more than 300 of them from around the world. And I have no doubt that there will be more significant signings in the months, and years, to come.

 

There is much more that we are striving hard at. We will continue to support R&D to drive the commercialisation of research outcomes, as well as new industrialisation. We will continue to nurture local startups and talent, enhance STEM (science, technology, engineering and mathematics) education and boost the compelling collaboration with our sister cities in the Greater Bay Area.

 

With the support of the community, and you, our partners, I am confident that Hong Kong is on its way to becoming a beacon of innovation and technological excellence in the Asian region and the world beyond. 

 

I am grateful to OASES, the Innovation, Technology & Industry Bureau, Invest Hong Kong and other government departments, for their diligent and invaluable work in bringing a world of strategic enterprises and talent to Hong Kong.  

 

I wish you all the best of health and business in the year to come and a long and rewarding future with us here in Asia's world city.

 

Financial Secretary Paul Chan gave these remarks at the OASES Partnership Signing Ceremony on March 20.


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