Various sectors in Hong Kong have agreed that the improvement in the electoral system will enable Hong Kong to right the wrongs and usher in a new, brighter phase.

Lau Siu-kai, vice president of the Chinese Association of Hong Kong and Macao Studies, said Hong Kong society will be allowed to refocus on economic development and promote the steady and sustained implementation of "one country, two systems."

As violent incidents and the epidemic dealt a one-two punch to Hong Kong's businesses, an improved electoral system will help the LegCo resume normal operation and the HKSAR government carry out policies to improve people's livelihoods, Lo Kam-yam, president of the Hong Kong Commerce and Industry Associations, said.

After that, a sound business environment will be restored and residents will, once again, be able to lead a stable life, Lo said.

(Video reporters: Lin Ning, Zhang Yichi, video editors: Zhou Sa'ang, Li Qin)