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Investor Presentaiton

[2 Is improving the electoral system contrary to the aim of selecting the Chief Executive and electing all the Members of the LegCo by universal suffrage in accordance with the principle of gradual and orderly progress as enshrined in the Basic Law? 3 Why the steadfast and faithful implementation of "One Country, Two Systems" could only be guaranteed by "patriots administering Hong Kong"? Is there a higher patriotic standard for those who are involved in the administration of HKSAR? 29 29 28 Since the establishment of the HKSAR, the Central Authorities have genuinely and sincerely supported the development of the democratic system in light of the actual situation of the HKSAR and in accordance with the principle of gradual and orderly progress. The Standing Committee of the NPC has approved further development of the democratic system in HKSAR on three different occasions. However, due to the opposition camp's obstruction, democratic development materialised only once in the past. In particular, the "8.31 Decision" of the Standing Committee of the NPC in 2014 stipulated that the HKSAR might implement the selection of the Chief Executive by universal suffrage in 2017 in accordance with the requirement as enshrined in Article 45 of the Basic Law in 2017. However, the opposition camp initiated the illegal "Occupy Central Movement" and insisted the adoption of so called "civic nomination" which was contrary to the Article. They also voted down the constitutional development proposal which has since frustrated further democratic development of the HKSAR. In the wake of the illegal "Occupy Central Movement”, the opposition forces have become even more blatant. The radical localists have exploited the loopholes in the electoral system, got elected into the LegCo and paralysed its operation. They initiated the most severe social unrest since the establishment of the HKSAR amid the saga over the proposed legislative amendments to the Fugitive Offenders Ordinance in 2019. If these actual circumstances in Hong Kong are not rectified in good time, national security, social stability and people's livelihood cannot be safeguarded, and the aim of universal suffrage will never be attainable. The Standing Committee of the NPC's Decision this time has not revised the ultimate aim of attaining universal suffrage in relation to Article 45 and Article 68 of the Basic Law. We strongly believe that improving the electoral system, ensuring "patriots administering Hong Kong" and safeguarding the overall interests of society are conducive to the stable development of Hong Kong's democracy. HKSAR is an inalienable part of the People's Republic of China. It is a local administrative region which enjoys a high degree of autonomy and comes directly under the Central People's Government. Sovereignty and jurisdiction are not separable. Only by keeping the authority to administer Hong Kong firmly in the hands of those who love the Country and love Hong Kong can the Central Authorities' overall jurisdiction over the HKSAR be effectively implemented. When Mr. Deng Xiaoping put forward the principles of "One Country, Two Systems", "Hong Kong people administering Hong Kong" and "a high degree of autonomy", he had already made it clear that "Hong Kong people administering Hong Kong" had its scope and criteria, and that is to say Hong Kong should be managed by Hong Kong people, with patriots forming the mainstay. In other words, "patriots administering Hong Kong" has been a central plank to the principle of "One Country, Two Systems" from the very beginning. Ask yourself: is there any country in the world which allows people who do not safeguard national sovereignty, security and development interests to administer a local administrative region within the country? Loyalty to one's country is a politician's most basic political ethics, and a universally applicable and steadfastly upheld principle and standard. As such, “patriots administering Hong Kong" is natural and in line with justice, and allows no ambivalence. The Chief Executive and the legislators selected through election are the core components of Hong Kong's political structure. Only through the implementation of "patriots administering Hong Kong" can the constitutional order of the HKSAR as set out in the Constitution and the Basic Law be complied with and the "One Country, Two Systems" be implemented steadfastly and faithfully. People placed in important positions, in possession of important powers and shouldering important governing responsibilities in Hong Kong's political structure must be staunch patriots. They are expected to meet an even higher standard of patriotism, including having a deep understanding of the essence of the principle of "One Country, Two Systems", always being mindful of the fundamental interests of the Country and the overall interests of Hong Kong, as well as being conversant with the faithful application and capable of leveraging the strengths of "One Country, Two Systems".
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