Full Text: The Practice of the "One Country, Two Systems" Policy in the HKSAR

Updated: 2014-06-10 15:55


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II. Statistics of Exchanges and Cooperation Between the Mainland and Hong Kong

1. The mainland is the largest trading partner of Hong Kong. According to Hong Kong statistics, in 2013 the trade volume between Hong Kong and the mainland reached HK$3.8913 trillion, 3.49 times over 1997 and accounting for 51.1 percent of Hong Kong's external trade.

2. Hong Kong is the most important trading partner of the mainland and one of the mainland's major export markets. According to the data from the General Administration of Customs, the mainland's exports to Hong Kong in 2013 totaled US$384.79 billion, constituting 17.4 percent of the mainland's total exports.

3. The mainland is the largest source of overseas direct investment for Hong Kong. By the end of 2013, direct investment from the mainland to Hong Kong had exceeded US$358.8 billion, accounting for nearly 60 percent of the mainland's total outbound direct investment.

4. Hong Kong is also the mainland's largest source of overseas direct investment. According to the data from the Ministry of Commerce, the mainland had approved nearly 360,000 projects with Hong Kong investment by the end of 2013, with US$665.67 billion paid-in investment, accounting for 47.7 percent of the total overseas investment in the mainland. Hong Kong is the largest recipient of the mainland's overseas investment as well as the mainland's largest financing center. By the end of 2013, the mainland's non-financial direct investment in Hong Kong had reached US$338.669 billion, taking up 59 percent of the mainland's total outbound non-financial direct investment.

5. By the end of 2013, the number of mainland enterprises listed in Hong Kong had reached 797, accounting for 48.5 percent of the total number of companies listed in Hong Kong. Their total market value had reached HK$13.7 trillion, accounting for 56.9 percent of the total value of the Hong Kong stock market.

6. By the end of 2013, RMB deposits and depository receipts in Hong Kong amounted to RMB1.05 trillion, an increase of 46 percent over 2012. RMB loans totaled RMB115.6 billion, and outstanding RMB bonds totaled RMB310 billion.

7. The Mainland/Hong Kong Science and Technology Co-operation Committee has, with the support of institutions of higher learning, research institutes and Hong Kong Science and Technology Parks, established 16 Partner State Key Laboratories, one Hong Kong branch of the Chinese National Engineering Research Center, and two National High-tech Industrialization Bases in Hong Kong. The Committee supports Hong Kong's institutions of higher learning in setting up research institutes in Shenzhen, Hong Kong's neighboring city on the mainland, and encourages Hong Kong's participation in key national science and technology programs.

8. Since 2010, four projects under the national 973 Program have been undertaken by Hong Kong's science and technology professionals and institutes, and have received total research and development funding of RMB160 million.

9. China's Chang'e-3 lunar lander and its Yutu rover landed on the moon in December 2013. The camera pointing system on Yutu was developed by experts from the Hong Kong Polytechnic University.

10. By the end of 2013, the number of academicians of the Chinese Academy of Sciences and the Chinese Academy of Engineering from Hong Kong had reached 39, including foreign nationals. In addition, 88 Hong Kong scientists had won 44 state science and technology awards, including the State Natural Science Award, State Scientific and Technological Progress Award and State Technological Invention Award.

11. Mainland students studying at institutions of higher learning in Hong Kong numbered 22,000 in the 2012/13 academic year. By October 2013, the number of Hong Kong students studying at institutions of higher learning in the mainland topped 14,000.

12. The University of Hong Kong, the Chinese University of Hong Kong, Hong Kong Polytechnic University, Hong Kong Baptist University and City University of Hong Kong have worked with mainland universities in jointly holding academic programs and running institutions of higher learning. Universities in cities and provinces of Guangdong, Beijing, Shanghai, Zhejiang, and Fujian on the mainland have established over 400 pairs of sister-school partnerships with Hong Kong universities.

13. In 2009, Yueju opera, jointly nominated by Hong Kong, Macau and Guangdong Province, was officially inscribed on UNESCO's Representative List of the Intangible Cultural Heritage of Humanity.

14. In September 2011, with the support of the central government, Hong Kong Global Geopark was listed by UNESCO as part of its Global Geoparks Network.

15. Since the mainland and Hong Kong signed the Closer Economic Partnership Arrangement (CEPA) in 2003, Hong Kong and the mainland have worked together in producing 322 films, accounting for 70 percent of mainland's total in such area. Moreover, 61 of the 322 co-productions topped RMB100 million each in box office receipts.

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