HK to consolidate role as Asia's world city: Tung Chee Hwa

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 ◆ HK to consolidate role as Asia's world city: Tung Chee Hwa

Hong Kong will strengthen its identity as Asia's world city which embodies the spirit and characteristics of Hong Kong and reflects its competitive edge.

Tung Chee Hwa, chief executive of the Hong Kong Special Administrative Region (SAR), made the remarks when he delivered his policy address at the Legislative Council recently.

"We have a fair and independent judicial system and both the SAR government and the community uphold and cherish the rule of law," said Tung.

Tung said that Hong Kong was determined to preserve a level playing field for business.

Hong Kong will continue to adhere to its "big market, small government" policy and maintain a simple and low tax regime, Tung stated.

"We are adamant in maintaining an efficient government and favorable business environment," he added.

"Hong Kong is one of the safest cities in the world, but we will be vigilant in maintaining good law and order," Tung said.

He said the SAR was to continue to safeguard the free flow of information and capital, and protect the freedoms and rights Hong Kong now enjoys.

"We are creating a unique and attractive environment in which both local and overseas people like to live, do business, work, or visit, regardless of their nationality, race, sex, age or religion," Tung noted.

"I hope that our friends from overseas who stay or stop over in Hong Kong will find that this city makes them feel at home," he said.