Hong Kong’s prosperity after its return to the motherland

On July 1, 1997, the Chinese government resumed the exercise of sovereignty over Hong Kong, the Hong Kong Special Administrative Region was established, and the Basic Law came into effect. Hong Kong has entered a new historical era of "one country, two systems", "Hong Kong people governing Hong Kong" and a high degree of autonomy.

In September 1997, the annual meetings of the World Bank and the International Monetary Fund were held in Hong Kong. This annual meeting is the first large-scale international conference hosted by Hong Kong after its return to the motherland. It is also the first time that the World Bank and the International Monetary Fund hold annual meetings in China.

In early June 2004, the first "Pan-Pearl River Delta Regional Cooperation and Development Forum" was held in Hong Kong, marking the official launch of the "9+2" regional economic cooperation between the nine mainland provinces and regions and the Hong Kong and Macao Special Administrative Region. In September 2005, Hong Kong Disneyland opened to welcome guests. This is the fifth Disneyland in the world.

In August 2008, the Beijing Olympics equestrian competition was successfully held in Hong Kong. In December 2009, the fifth East Asian Games was held in Hong Kong. This was the first time Hong Kong hosted an international comprehensive event after returning to the motherland.

After Hong Kong's return to the motherland, Hong Kong's economy has maintained rapid and stable development, people's lives have become happier, and cultural and economic exchanges between the two places have continued to deepen. With the efforts of the Hong Kong people and the support of the state, Hong Kong's international status continues to improve, becoming a paradise for investors at home and abroad.

Over the past decade or so, Hong Kong’s unemployment rate has continued to decline, per capita income has continued to increase, and the people of Hong Kong have truly lived a happy life. After Hong Kong's return to the motherland, Hong Kong's economy has maintained rapid and stable development, people's lives have become happier, and cultural and economic exchanges between the two places have continued to deepen.

With the efforts of the Hong Kong people and the support of the state, Hong Kong’s international status has continued to improve, becoming a paradise for investors at home and abroad. Over the past decade or so, Hong Kong's unemployment rate has continued to decline, per capita income has continued to increase, and the people of Hong Kong have truly lived a happy life.

Extended information:

Hong Kong has been a territory of China since ancient times. Hong Kong was a British colony from 1842 to 1997. After World War II, Hong Kong's economy and society developed rapidly. Not only was it known as one of the "Four Asian Tigers", it also became one of the richest, most economically developed and highest-living areas in the world.

On July 1, 1997, the Chinese government resumed the exercise of sovereignty over Hong Kong and the Hong Kong Special Administrative Region was established. The central government has comprehensive jurisdiction over Hong Kong. Hong Kong maintains its original capitalist system and way of life, and enjoys a high degree of autonomy in all matters except foreign affairs and national defense. "One country, two systems", "Hong Kong people governing Hong Kong" and a high degree of autonomy are the basic national policies of the Chinese government.

With the strong support of the central government and the mainland, Hong Kong has overcome various risks and challenges such as the impact of the Asian financial crisis, and continues to maintain its status as an international financial, trade and shipping center.

Although the road Hong Kong has taken after its return has not been smooth sailing, and it will still encounter various risks and challenges in the years to come, it has the strong backing of the great socialist motherland.

With the unity and progress of our compatriots who love the country and Hong Kong, as long as we always adhere to the basic principle of "one country, two systems" and fully implement the provisions of the Basic Law, Hong Kong will surely be able to overcome the difficulties and obstacles on the road ahead and maintain its long-term prosperity and stability.

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