16th anniversary of HKSAR

CNC report from Hong Kong
Added On July 1, 2013

July, 1st marks the 16th anniversary of the establishment of the Hong Kong Special Administrative Region.

Chief Executive CY Leung has also vowed to keep seeking change while maintaining Hong Kong's stability in the future.

On Monday, the Hong Kong Special Administrative Region held a flag-raising ceremony at the Golden Bauhinia Square.

Hong Kong Chief Executive CY Leung with other government officials and thousands of locals and tourists gathered there to attend the ceremony.

Later, the regional government held a reception at the Hong Kong Convention & Exhibition Center.

Leung gave his address at the reception.

He said the Hong Kong government will continue to seek change while maintaining stability when facing chances and challenges in the future.

SOUNDBITE: CY LEUNG, Hong Kong Chief Executive
"In the past year, the government also responded to a number of issues, including the influx of pregnant mainland mothers whose husbands are not Hong Kong residents to give birth in Hong Kong, and the subsequent problems concerning clearance procedures for cross-boundary school children and their admission to local schools, multiple-entry permits to non-residents of Shenzhen, shortage of baby milk, and train station disorders caused by smuggled goods sellers."

Regarding the greatest public concern of housing, Leung said the government has managed to curb the upward trend of property prices.
  
Leung also admitted a major task of the government is the implementation of universal suffrage for the Chief Executive Election in 2017...

...in accordance with the provisions of the Basic Law and the relevant decisions of the Standing Committee of the National People's Congress.
 
July 1st is also the 10th anniversary of the promulgation of the Mainland and Hong Kong Closer Economic Partnership Arrangement, or CEPA.

According to Leung, the Mainland has been opening up its market to different sectors in Hong Kong since 2003...

...including commerce and trade, financial and professional services, through the CEPA main text and the annual supplements.
  
He said the mainland market is huge, and making good use of CEPA as early as possible is vitally important to Hong Kong.

SOUNDBITE: CY LEUNG, Hong Kong Chief Executive
"Opportunities and challenges exist side by side in the future development of Hong Kong. We will put people first and serve them in a pragmatic and proactive manner. We aim to make even greater progress in addressing political, social, economic and livelihood issues."

The chief said they are grateful for the country's preferential policy and will at the same time contribute to the development of the country.