HONG KONG, June 23 (Xinhua) — Since returning to the motherland in 1997, Hong Kong has made significant progress in politics, economy, livelihood, society and culture. .
The following facts and figures provide an overview of Hong Kong’s development achievements over the past 25 years.
— The designated Chief Executive of the Hong Kong Special Administrative Region (HKSAR) is elected by the Election Committee. The number of Committee members has increased from 800 in 2002 to 1,200 in 2012 and 1,500 in 2022. The number of sectors has increased from four to five.
— The Legislative Council (LegCo) of the HKSAR is constituted by election. Each of the first four terms of the HKSAR LegCo after Hong Kong’s return to the motherland had 60 seats. The Hong Kong SAR’s fifth and sixth term LegCos both had 70 seats.
The Hong Kong SAR Seventh Term LegCo has 90 seats, with 40 elected by Election Committee constituency, 30 by functional constituencies and 20 by geographical constituencies.
— The Hong Kong SAR Honors and Awards System was established by the Hong Kong SAR Government in 1997.
The Hong Kong SAR Director General awarded 746 people on the 2021 Honors List, seven of whom received the Grand Bauhinia Medal, the highest honor in the Hong Kong SAR honors and awards system.
Since Hong Kong’s return to the motherland, 109 Grand Bauhinia Medals have been awarded.
— As of May 17, 2022, the number of foreign consulates in the Hong Kong SAR has increased from 88 to 119, including 63 general consulates, 56 honorary consulates and six officially recognized bodies.
— At present, 168 countries and territories have granted visa-free access or visa on arrival to Hong Kong SAR passport holders.
— In 2021, Hong Kong’s gross domestic product (GDP) was HK$2.86 trillion (approximately US$364.31 billion) in nominal terms. In 1997, Hong Kong’s GDP was HK$1.37 trillion (US$174.51 billion). From 1997 to 2021, Hong Kong’s GDP grew at an average annual rate of 2.7% in real terms.
— Hong Kong’s GDP per capita has steadily increased. Hong Kong’s GDP per capita (in nominal terms) reached HK$387,100 (US$49,310) in 2021 from HK$192,000 (US$24,460) before Hong Kong returned to the mother country.
— The average daily turnover of the Hong Kong Exchanges and Clearing Limited (HKEX) cash stock market was HK$15 billion (US$1.91 billion) in 1997 and HK$166.7 billion Hong Kong dollars (21.23 billion US dollars) in 2021, respectively.
In 2021, the average daily turnover of Hong Kong Stock Connect under the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs was HK$20.079 billion (US$2.56 billion ) and HK$21.63 billion (US$2.76 billion). ), respectively.
The HKEX in 2021 raised a total of US$42.297 billion through its initial public offerings (IPOs), ranking fourth in the world.
— The proportion of Mainland companies in Hong Kong stocks has increased rapidly since 1997. As of April 2022, 1,370 Mainland companies were listed in Hong Kong, accounting for 53.3% of the total number of companies listed on the HKEX and 77.7% of the total market capitalization, with a market value of HK$37.6 trillion (US$4.79 trillion).
— The mainland has made great efforts to ensure the supply of goods and materials necessary for the livelihood of Hong Kong people. Currently, Chinese companies supply over 90% of Hong Kong’s live pigs and cattle, 78% of its drinking water, 70% of its fresh cattle and poultry, 52% of its wheat flour and 42% of its oil and its gas.
— From mid-1997 to mid-2021, Hong Kong’s population grew from over 6.5 million to over 7.4 million, an increase of nearly one million over the past 25 years .
Hong Kong’s population density is one of the highest in the world, averaging 6,801 people per km2 in 2021.
— Hong Kong has one of the highest life expectancies in the world. The average life expectancy in Hong Kong in 2021 (provisional figures) is 83.0 years for men and 87.7 years for women compared to 76.8 years and 82.2 years in 1997, an increase of 6 ,2 years and 5.5 years, respectively.
— Hong Kong is increasingly attracting domestic and foreign talent. The HKSAR government launched the Quality Migrant Admission Scheme in June 2006, and the annual quota was increased to 4,000 in 2021.
By the end of 2021, 36,689 applications from nearly 100 countries or regions had been received, of which 9,131 applications had been approved.
— The Hong Kong SAR government has always attached great importance to promoting voluntary work. From 1998 to 2018, the number of registered volunteers exceeded 1.3 million, meaning one in five to six people in Hong Kong volunteer, and more than 3,250 organizations have participated in volunteer services.
— From 1997 to 2021, the number of cultural, recreational and sports facilities in Hong Kong has steadily increased: the number of public libraries has increased from 64 to 82 (fixed and mobile), swimming pools from 32 to 44, stadiums from 74 to 102, football pitches from 291 to 317 and children’s playgrounds from 596 to 665.