The Inaugural Ceremony of the Fifth Term Government of the Hong Kong Special Administrative Region (HKSAR) was held on July 1 at the Hong Kong Convention and Exhibition Center. President Xi Jinping and his wife, Peng Liyuan attended the ceremony. It was also attended by about 2,000 other guests, including representatives from the Central Government, members of the Executive and Legislative Councils, Hong Kong deputies to the National People's Congress and members of the Chinese People's Political Consultative Conference, political and economic figures, personalities from social circles, senior executives of Hong Kong-based Chinese enterprises, and members of the foreign diplomatic corps. 
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To celebrate the 20th anniversary of the establishment of the Hong Kong Special Administrative Region (HKSAR), Hong Kong Economic and Trade Office in San Francisco (SFETO) hosted a series of events in various cities across western United States. In fact, the celebration activities began early in January this year with six giant vase shaped bamboo sculptures, designed by Hong Kong artist-cum-designer Freeman Lau, installed at the Civic Center Plaza, outside the City Hall of San Francisco. A "Hong Kong- Young Entrepreneur Competition" was then launched in spring. This summer, five U.S. college student-winners went on a week-long trip to Hong Kong to see first-hand the city's start-up ecosystems, as well as the rich and dynamic culture.
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A long-standing, rich and historic reputation for business is Hong Kong's ultimate asset. Mixing a tradition of trade with an energetic populace driven by the promise of opportunity, the city thrives on commerce and regeneration. That's why the biggest names in global finance and industry pepper the cityscape.
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Creativity is the bedrock of innovation, and as outlined by UNESCO's Creative Cities Network, creative thinking drives sustainable development and community well being. Innovation is the prescription for growth in the 21st century - an idea that has been firmly embraced in Hong Kong over the past 20 years and which has helped establish its position as an undisputed creative hub of Asia.
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