The Chief Executive's Council of Advisers on Innovation & Strategic Development held its ninth meeting today to discuss the latest situation in Hong Kong and to provide input to the 2020 Policy Address.

Council members were briefed on the multifaceted crisis facing Hong Kong, including the impact of the COVID-19 epidemic, the international perception of the National Security Law and the US sanctions unjustifiably imposed on the city.

Members agreed that "one country, two systems" is the best institutional arrangement to ensure Hong Kong's long-term prosperity and stability, noting that the National Security Law has restored stability and would give the city more opportunities to participate in national development.

The Chief Executive said that it is of paramount importance to maintain Hong Kong's international status as a financial, aviation, maritime and technology hub. She highlighted its role in the development of the Guangdong-Hong Kong-Macao Greater Bay Area, as well as the Government's efforts on further consolidating the city's status as an international financial centre.

Members gave suggestions on how to grasp the opportunities arising from integration into the national development and co-operation with other Asian economies, and recommended that the Government should step up promotion to overseas countries and the Mainland.

The Chief Executive shared with members that while the current wave of COVID-19 has been fading, plans are in hand to get Hong Kong more prepared for a winter surge. Members discussed the experience gained from combating COVID-19 and agreed that there should be wider application of technology in business operations to minimise infection.