Hong Kong Economic and Trade Office, San Francisco
Hong Kong
HKSAR 20th Anniversary Celebration Reception in Texas

To celebrate the 20th anniversary of the establishment of the Hong Kong Special Administrative Region (HKSAR), the Hong Kong Economic and Trade Office, San Francisco hosted a gala reception in Dallas, Texas on June 27, 2017. A four-member Chinese Music Ensemble from Hong Kong performed at the reception. The musical instruments played by the Ensemble included dizi, xiao, pipa, erhu and sheng.

In welcoming the Ensemble and the guests at the reception, Mr. Ivanhoe Chang, Director of the Hong Kong Economic and Trade Office in San Francisco said that in Hong Kong, its cosmopolitan community enjoys a wide selection of arts and cultural events from East and West. He is confident that the 40-hectare West Kowloon Cultural District, on a prime waterfront site overlooking the harbor, will lift Hong Kong’s position as an arts and cultural hub to new heights.

Looking back in the past two decades, he said that Hong Kong has grown in importance in international arena and continued to prosper. “The ‘One Country, Two Systems’ principle is the bedrock of Hong Kong’s stability and future,” said Mr. Chang.

He added that Hong Kong people are innovative and flexible, always turning challenges into opportunities. With Hong Kong people’s market acumen and international outlook, the city is embracing globalization and technological development to open up new opportunities.

“Over the past 20 years, HKSAR Government has implemented various policy initiatives and funding programs to support R&D work in universities, nurture start-ups, promote commercialization of research results, support the upgrading and transformation of small and medium enterprises, and promote ‘re-industralisation’ through the development of high value added industries,” he said. Today, Hong Kong is ranked among the top five fastest-growing start-up ecosystems in the world.

Mr. Clement Leung, Hong Kong Commissioner for Economic and Trade Affairs, U.S.A. also spoke at the reception. “Twenty years ago, Hong Kong proudly reunited with our homeland. Hong Kong continues to be successful as the premier international business center in Asia. Our economy has nearly doubled in size over the past two decades,” said Mr. Leung.

“With the full support of the Central Government in Beijing, ‘One Country, Two Systems’ enables Hong Kong to be the first-mover to capture the economic opportunities arising from the reform, development and opening up of Mainland China. Other than our pillar economic sectors of trade, financial services, tourism and professional services, new sectors and opportunities have emerged. These include the development of Hong Kong as the largest center for off-shore RMB business, implementation of the Stock Connect programs that enable international investors to access the Shanghai and Shenzhen stock markets, our vibrant innovation and technology start-up ecosystem, wine auction and distribution, arts, culture and creative industries, as well as China’s ambitious Belt and Road initiative,” he continued.

“Moving forward, Hong Kong’s continued success will rest not just in our institutional strengths and the can-do spirit of our people, but also with our overseas partners, particularly our friends in the United States,” he concluded and thanked the guests for joining the reception to celebrate Hong Kong’s magical journey.

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