Hong Kong should help in China’s development

Doing this will help boost Hong Kong’s economy, said Chief Executive CY Leung.

It can also resolve deep-seated housing and poverty problems through mutual prosperity. Doing all these will result in higher incomes, upward mobility for young people, and solutions for housing and poverty problems, said Leung.

Leung noted that China is the world's largest trading country with exports having increased 12.2% in the past five years, and direct overseas investment rising 25.5% in the past five years.

As an international financial centre, Hong Kong can help facilitate China’s development, he said. The service industry will play an important role in China's next stage of development, and Hong Kong possesses merits in many facets of the service industry, Leung said.