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SEPTEMBER 7 - 12, 2022


Hong Kong remains world’s freest economy

The Fraser Institute ranks Hong Kong as the world’s freest economy in its Economic Freedom of the World 2022 Annual Report. Hong Kong has held the top rank since the inception of the Fraser Institute’s report in 1996. Among the 165 jurisdictions rated in five areas of assessment, Hong Kong continued to rank top in “Freedom to Trade Internationally” and “Regulation”. Welcoming the report, the Hong Kong Special Administrative Region (HKSAR) Government said the report affirms the city’s commitment to maintaining an efficient, free, open and fair business environment. The government will continue to consolidate Hong Kong’s strengths, providing a conducive environment for businesses to thrive and to strengthen their competitiveness, enabling the city’s economy to prosper.

Business sentiment improved

Business receipts in value terms of many major service industries increased in the second quarter of 2022 year on year, with double-digit growth recorded in accommodation services (+43.5%) and transportation (+26.4%) industries. The overall business sentiment among small and medium-sized enterprises also saw some improvement in August. Expectations for the business situation in the following month were stable. The improvements were mainly due to the generally moderated local epidemic situation and relaxed social distancing measures as well as various government support measures. Improvement in some industries was constrained by the worsened external environment and tightened financial conditions, or deterioration in business.


Aircrew quarantine adjusted

Effective Sep 10, Hong Kong-based aircrew performing duties on passenger flights to or from overseas places may leave Hong Kong International Airport immediately after obtaining a negative nucleic acid test result upon arrival. They are subject to regular testing after their return to the local community. The latest adjustments help airlines to enhance flight services between Hong Kong and other parts of the world, and enable Hong Kong to play its role as an international aviation hub and facilitate recovery of normal economic and social activities. Separately, in view of the gradual removal of COVID-19 prevention and control requirements in overseas places, outbound passengers and transit passengers departing for overseas places are no longer be required to go through temperature screening. As for inbound passengers entering Hong Kong, the temperature screening arrangements remain in place.


HKETONY promotes Hong Kong at dragon boat festival in Atlanta

Supported by the Hong Kong Economic and Trade Office, New York (HKETONY), the Atlanta Hong Kong Dragon Boat Festival celebrated its grand return to the Lake Lanier Olympic Park (Sep 10), with about 8,000 participants from across the southeastern region of the United States taking part. A total of 56 teams, comprising paddlers from Florida, Georgia, North Carolina, South Carolina and Tennessee, competed in the races. Among them were members of the Hong Kong Student Association at the Georgia Institute of Technology, competing in the festival as the Hong Kong Dragon Riders team. Officiating at the opening ceremony, the Director of the HKETONY Candy Nip said that she was glad that after a two-year hiatus due to the pandemic, the festival paddled its way back to the Lake Lanier Olympic Park in full scale. On top of celebrating its own Silver Jubilee, the event also celebrated the 25th anniversary of the establishment of the HKSAR.


Hong Kong and its Basic Law

The Basic Law is the constitutional document of the HKSAR. Put into effect on July 1, 1997, it enshrines within a legal document the important concept of “One Country, Two Systems”.


Q: Do Hong Kong residents have the right to vote and to stand for election?

A: Pursuant to Article 26 of the BL, permanent residents of Hong Kong have the right to vote and stand for elections in accordance with law. The National People’s Congress (NPC) made the Decision on Improving the Electoral System of the HKSAR (the Decision) on 11 March 2021 and laid down the fundamental principles for amending Annexes I and II to the Basic Law, including “upholding HKSAR permanent residents’ right to vote and the right to stand for election in accordance with law”. The Standing Committee of the NPC had made careful consideration and balance of these rights in amending Annexes I and II to the Basic Law, in order to establish a political structure that upholds the “one country, two systems” principle, reflects the actual situation of Hong Kong and ensures “patriots administering Hong Kong”. It should be noted that the right to vote as safeguarded by Article 26 of the Basic Law should be construed with other relevant provisions in the Basic Law in their entirety, in particular Articles 45, 68 as well as Annexes I and II of the Basic Law. Articles 45 and 68 provide that the methods for selecting the Chief Executive and forming the Legislative Council shall be specified in the light of the “actual situation in the HKSAR” and in accordance with the “principle of gradual and orderly progress”. The design of electoral system and the right to vote should be implemented in the light of the actual situation in the HKSAR. (BL Articles 26; 45; 68; Annexes I and II)

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