Support for private businesses is a very important area that will be addressed during the upcoming "Two Sessions" meetings in Beijing, according to Hong Kong's sole delegate to the country's top legislature.

In the first of our series previewing this year's National People's Congress (NPC) and Chinese People's Political Consultative Conference (CPPCC) meetings, NPC Standing Committee member Starry Lee said there is an urgency to attract more private investment to China amid the current geopolitical situation.

Beijing has moved to introduce the private economy promotion law, which is designed to ensure private firms receive clear legal protections and create a fairer business environment.

The bill includes provisions prohibiting arbitrary fees and fines on private enterprises, and requiring the State Council and local governments at or above the county level to provide regular reports on their progress.

It's "set to become China's first fundamental law dedicated to the private sector," according to Xinhua News Agency.

Lee attended an NPC Standing Committee meeting in the capital this week examining the bill's second draft, ahead of the opening of the NPC session next Wednesday.

"I believe some of the initiatives will be mentioned in the government report... to further invite and encourage private investment," she said in an interview with RTHK.

Lee said the SAR has a role to play in trying to shore up support for the private sector.

"With the current geopolitical situation, there is always an urgency to have more private investment to invest in our country, not only from Hong Kong, but from different parts of the world.

"Being one of the most international cities in our country, we have our responsibility to attract more talent, enterprises and technology to come to Hong Kong to help to build further our financial market and also the technology side."

This year marks the end of the 14th Five-Year Plan, and Lee said people have high expectations for the next blueprint for 2026-2030 which she believes would be related to the resolution adopted in the third party plenary session last year.

The NPC Standing Committee member added that the SAR, the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone, as well as the Northern Metropolis will be "key stakeholders" to contribute to the country's development.