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"The costs for getting things done must be significantly reduced. Complex and lengthy approval process is too much a cost for companies to bear. The procedures must be further improved. The reviewing requirements should be streamlined or removed wherever possible," Li said.

Chief Executive of the HKSAR Carrie Lam and 16 major officials of the HKSAR government published articles on the front page of local newspaper Wen Wei Po, pledging to do their best in supporting the implementation of the law and expressing hope that the public will have more confidence in Hong Kong's future after fully understanding the law.

The premier urged efforts to develop more overseas warehouse platforms to serve small and medium-sized enterprises, noting that developing international e-commerce can help firms survive and thrive amid the COVID-19 pandemic.

This year marks the 25th anniversary of the establishment of diplomatic ties between China and BiH.

In accordance with the Constitution and the HKSAR Basic Law, the NPC, the highest state organ of power, made the decision, which has solid legal grounds and its validity is beyond question, said Zhang Yong, deputy director of the HKSAR Basic Law Committee under the NPC Standing Committee.