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Full text: Inaugural speech by HK Chief Executive Leung Chun-ying
[中英对照] 梁振英就职演说全文

Chief Executive of the Hong Kong Special Administrative Region (HKSAR) Leung Chun-ying takes his oath, administered by Chinese President Hu Jintao at the Hong Kong Convention and Exhibition Center in Hong Kong, south China, July 1, 2012. [Xie Huanchi/Xinhua]

In my election declaration, I stressed that "there is no need for a major reversal of policy. We only need an appropriately proactive government which seeks change while maintaining stability."

From today, we will turn words into deeds. We will focus our energy on addressing the major and pressing issues. To formulate effective policies and strategies, the preparatory task forces on Economic Development Commission, Financial Services Development Council and Commission on Poverty will commence operation today. They will address issues from a high-level perspective and with inter-departmental and cross-sector collaboration. We will ensure that both policy research and implementation deliver results.

Continued economic development is the foundation of Hong Kong's prosperity. The livelihoods of our people depend on it. Our business and financial sectors have been the major driving forces behind Hong Kong's economic development.

To promote sustained and robust economic development, the Government must assist investors and enterprises, large and small, to seize opportunities arising from our nation's and the world's economic growth. Economic diversification and thriving industries can improve our job market, provide better opportunities for upward mobility and contribute to a stronger middle class.


Our country has given Hong Kong strong backing in the National 12th Five-Year Plan. We must capitalise on the opportunities to consolidate and elevate Hong Kong's status as an international financial centre and help the shipping industry to restructure and upgrade.

We must also fully implement all economic and trade agreements signed with Mainland counterparts to expand job opportunities and development potential in the Mainland for Hong Kong people.

We also need to formulate industry policy to promote and support the pillar industries that are essential to our economic development, including supporting Hong Kong enterprises operating outside Hong Kong and new industries with growth potential.

We fully recognise the contribution to our economy by Hong Kong businesses operating in the Mainland and will continue to support their restructuring and upgrading.

For our economy to flourish, we must ensure that issues relating to our population and livelihood are properly addressed.

The quality of our society depends on the quality of our people, which in turn depends on the quality of education. My Government will carry out long-term planning on population policy to improve our population structure and the quality of our people. This will sustain steady development of our society and economy, create a bright future for individuals and nurture outstanding talents for society.

To this end, education policies must be devised from a professional perspective, taking a student-oriented approach to enable students to equip themselves well and achieve their full potential.












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