Chen Maobo: The Greater Bay Area provides a huge market, Hong Kong and its sister cities in the Bay Area can play an important role

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Written by: Huang Yongyu

2020-10-18 11:30

Last update date: 2020-10-18 11:30

Financial Secretary Chen Maobo published a blog today (18th), mentioning the need to lock in the right direction for the development of Hong Kong.

He mentioned that the Guangdong-Hong Kong-Macao Greater Bay Area will provide a diversified and rapidly developing huge market, describing that Hong Kong and the sister cities in the Bay Area can play an important role to promote the development of the entire Bay Area.

He believes that it can provide a more complete and broader development space for finance, innovation and technology, high-end service industries and advanced manufacturing industries, as well as a livable and culturally rich living environment for residents in the district.

Chen Maobo said in his blog that the mainland economy continues to develop and whether Hong Kong can maintain an advantage in the competition with many neighboring cities depends on whether the development direction is correct and whether the speed is fast enough.

He said that many people have always compared Hong Kong with other cities in different types of "Tale of Two Cities", but he believes that Hong Kong is facing the competition of "Hundred Horses" and bluntly said that cities all over the world are developing with all their strength. Strive to gather more capital, talents, technology and cutting-edge research and other production factors to enable the economy to flourish.

Chen Maobo said that he is still full of confidence in the future development of Hong Kong. He believes that as long as the direction is correct, Hong Kong will "compose a brilliant chapter." He also quoted President Xi Jinping's statement at the 40th anniversary of the establishment of the Shenzhen Special Economic Zone: In spring, a hundred flowers bloom in the garden." He believes that as long as Hong Kong continues to give full play to its advantages in competition, and promotes the common development of cities in the Greater Bay Area while seeking the development of Hong Kong, Hong Kong will remain a legendary city.

Chen Maobo believes that as long as Hong Kong continues to give full play to its advantages in the competition, and promotes the common development of cities in the Greater Bay Area while seeking the development of Hong Kong, Hong Kong will still be a legendary city.

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Chen Maobo said that in the past when the mainland was reforming and opening up, Hong Kong accurately grasped the changes and needs of the mainland, seized the opportunity, and transformed from a manufacturing industry to a service economy, which also brought about rapid development in the 1980s and 1990s.

However, in 2000, Hong Kong’s development and application of innovation and technology has been "lost". Although the government has rushed to catch up in recent years, it takes time to train talents, support infrastructure, and establish a complete ecosystem. The development of innovation and technology has so far been unsatisfactory.

He believes that in the end, whether the advantages can be used to catch up, the key lies in the determination and commitment to the development of innovation and technology, and the positive attitude of seeking new ideas.

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Chen Maobo Greater Bay Area