BEIJING -- China held a seminar on Wednesday morning to commemorate the 10th
anniversary of implementing the Basic Law of Hong Kong Special Administrative
Hong Kong's Chief Executive Donald Tsang (R) speaks as former
Chief Executive Tung Chee-hwa looks at him during the seminar marking the
10th anniversary of the entry into force of the Hong Kong Basic Law at the
Great Hall of the People in Beijing June 6, 2007. [Reuters]
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 "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.
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 mainland's provinces and
municipalities and join hands with inland cities to avoid vicious competition,
The chief executive citied the 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
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.