Watch This | HK embraces greater development opportunities under NSL: Lam Ho-yi
Lam Ho-yi, a youth representative from Hong Kong, and a member of the All-China Youth Federation spoke via video at the 51st session of the United Nations Human Rights Council on September 21. Lam indicated that there is unequivocal proof that Hong Kong's National Security Law has given more confidence to overseas and domestic companies investing in Hong Kong. Implementing the principle of "patriots governing Hong Kong" has brought unlimited opportunities to Hong Kong. In the future, young people in Hong Kong will have even greater possibilities for development.
Following is the full text of the speech:
Hong Kong has always been a bridge between East and West. What makes Hong Kong a global financial center? It's Hong Kong's long-term prosperity and stability.
However, some countries and some politicians made up false allegations against the National Security Law, claiming that the Law undermines human rights, devastates Hong Kong as an international financial center, and weakens the city's business environment. Each year about 120 million travelers depart China, and if China really undermines human rights, as they said, why would 99% of them return to the country?
When talking about China's internal affairs, we should not ask about the opinions of people in other countries but should ask about the expectations and satisfaction of local people within the country. Contrary to their allegation, the clear facts prove that the law has given investors at home and abroad more confidence in investing in Hong Kong. The IPO funds raised in Hong Kong exceeded 650 billion. The number of regional headquarters and offices of foreign-funded enterprises in Hong Kong has reached a new high of 9,000 last year. All of these figures are the best evidence of Hong Kong's maintaining a strong business environment.
As a young person who studied in the United States, I chose to return to Hong Kong to live and develop my career here because I am confident in this place's success. I believe that the implementation of the National Security Law together with the principle of "patriots administering Hong Kong" to uphold the principle of "one country, two systems", will be a reassurance for Hong Kong, which will increase our youth upward mobility and give them a greater room for development.