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Govt to enhance securities trading

It is a pleasure to be here with you today, especially after an accident that has reminded me of the importance of staying vigilant even in relatively peaceful times. Continuously enhancing competitiveness despite good business is also a theme I wish to harp on in today's speech.   Some of you may recall that I last spoke to you in November 2018. That was into the second year of my tenure, witnessing the celebration of the 40th anniversary of our nation's reform and opening up, and the consecutive opening of two major pieces of cross-boundary transport infrastructure - the Hong Kong section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link and the Hong Kong-Zhuhai-Macao Bridge. All seemed bright and well. And then we all have some frightening memories of what Hong Kong had gone through in the following two years. Few would disagree that it has been a very challenging period for Hong Kong, particularly with the riots in the latter half of 2019 during which some banks were

SJ meets legal sector

Secretary for Justice Teresa Cheng today met members from the legal and dispute resolution sector to listen to their views on how the industry should maximise the opportunities brought about by the Qianhai Plan. The meeting also covered the opportunities made available by the National 14th Five-Year Plan and the Greater Bay Area development.    Ms Cheng pointed out that the outline of the National 14th Five-Year Plan supports Hong Kong to establish itself as the centre for international legal and dispute resolution services in the Asia-Pacific region.   Meanwhile, the Plan for Comprehensive Deepening Reform & Opening Up of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, promulgated earlier this month, clearly states a higher level of opening up in legal matters in the zone.   It also mentioned the establishment of an international legal services centre and an international commercial dispute resolution centre.   Ms Cheng noted that as the only common law jurisdiction within the country, Hong Kong shall utilise the unique advantages under “one country, two systems and three jurisdictions” in the bay area, adding that with the central government's support, Hong Kong’s legal and dispute resolution sector has very promising prospects.   The justice chief said the Report on Hong Kong’s Business Environments published by the Hong Kong Special Administrative Region Government reiterates Hong Kong’s institutional strengths under “one country, two systems”, with other inherent strengths remaining intact.   Such strengths include the solid foundation of the rule of law and judicial independence guaranteed by the Basic Law, which provide a safe and vibrant business environment to attract more investments in Hong Kong, and into the Mainland via the city.   The Department of Justice will continue to maintain close contact with the stakeholders to bring out Hong Kong’s best to integrate with the country’s needs and to create synergy with the nation’s development.
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