The Hong Kong Special Administrative Region Government released the "Hong Kong Business Environment Report" on the 30th, stating that the world is undergoing unprecedented changes, and Hong Kong is forging ahead, actively innovating and seeking breakthroughs. Hong Kong's core competitiveness is stable, and new advantages are forming. The Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan, stated at a press conference on the same day that the Hong Kong economy is showing a steady upward trend, with a growth rate of 3.1% in the first quarter and expected to maintain its growth momentum in the second quarter. He said that the implementation of the Hong Kong National Security Law has enabled the city to rebuild a safe and stable environment, not only safeguarding the rights and freedoms of its citizens, but also making Hong Kong a safe haven for global investment. The report points out that various regions around the world are actively seeking investment opportunities abroad, and global funds will be reallocated. Hong Kong can assist countries in diversifying risks and attracting funds, enterprises, and talents to come to Hong Kong. The SAR government will continue to proactively recognize, adapt, and seek change, create a better investment and business environment, and adopt different policy measures in a timely manner to support enterprises in addressing challenges. The report also lists multiple data, indicating that companies have full confidence in Hong Kong: by 2024, there will be 9960 Hong Kong based companies with overseas parent companies, an increase of about 10% year-on-year. As of the end of last year, the total value of asset and wealth management business in Hong Kong was approximately HKD 35.1 trillion. As of the end of March this year, the number of registered funds reached 976, recording a net inflow of over 44 billion US dollars annually, an increase of 285%. The report stressed that the SAR government will manage all kinds of risks with the bottom line thinking, make every effort to speed up the economic stability and progress, actively integrate into the overall national development situation, while maintaining a high degree of internationalization, strengthen regional and global cooperation, play a role as an important node of the domestic and international dual cycle, and actively participate in and promote national strategies such as the joint construction of the "the Belt and Road" and the construction of the Guangdong Hong Kong Macao Greater Bay Area with the business community. The report, with the theme of "Unique Advantages of One Country, Two Systems", is the latest one after the release of the first business environment report by the SAR government in 2021. Its purpose is to clarify to the international community the various advantages of Hong Kong under "One Country, Two Systems" and the broader development prospects for Hong Kong in the future. (New Society)