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Chen Jiaqiang, the leader of Shenzhen Chengda Bay Area, points out that Hong Kong helps the Mainland to introduce funds: the future role remains unchanged

2020-10-16T04:54:48.320Z


On Wednesday (14th), at the 40th anniversary celebration of the establishment of the Shenzhen Special Economic Zone, President Xi Jinping proposed that "Shenzhen is an important engine for the construction of the Greater Bay Area." Some people think that this means that Shenzhen has replaced Hong Kong as the "leading" in the Greater Bay Area. The former Secretary of the Financial Services and the Treasury Bureau, Chen Jiaqiang, said today (16th) that Hong Kong, as a window to the international financial center, has played a role in attracting funds to the Mainland in the past 20 years, and believes that its role is in the future. Will not decrease. He also pointed out that it is no longer possible to compare Shenzhen with Hong Kong 40 years ago, thinking that Hong Kong only needs to maintain a high level of per capita GDP and Hong Kong people have enough food and clothing.


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Written by: Ouyang Dehao

2020-10-16 12:42

Last update date: 2020-10-16 12:42

On Wednesday (14th), at the 40th anniversary celebration of the establishment of the Shenzhen Special Economic Zone, President Xi Jinping proposed that "Shenzhen is an important engine for the construction of the Greater Bay Area."

Some people think that this means that Shenzhen has replaced Hong Kong as the "leading" in the Greater Bay Area.

The former Secretary of the Financial Services and the Treasury Bureau, Chen Jiaqiang, said today (16th) that Hong Kong, as a window to the international financial center, has played a role in attracting funds to the Mainland in the past 20 years, and believes that its role is in the future. Will not decrease.

He also pointed out that it is no longer possible to compare Shenzhen with Hong Kong 40 years ago, thinking that Hong Kong only needs to maintain a high level of per capita GDP and Hong Kong people have enough food and clothing.

On Wednesday (14th), at the 40th anniversary celebration of the establishment of the Shenzhen Special Economic Zone, President Xi Jinping proposed that "Shenzhen is an important engine for the construction of the Greater Bay Area."

(Profile picture)

Chen Jiaqiang said that Hong Kong, as a window to the international financial center, has played a role for the Mainland in the past 20 years to attract capital. I believe that the role will not decrease in the future, but will become more important.

He pointed out that the development direction of the Greater Bay Area is high-tech, and Shenzhen is the "leading" in this category. Therefore, President Xi Jinping said that "Shenzhen is an important engine for the development of the Greater Bay Area."

Chen pointed out that although a lot of foreign investors are now directly going to Shanghai for activities, they think they will not replace Hong Kong's status.

He explained that because of Hong Kong's capital flow and full opening to the outside world, he believed that this aspect was not achieved by the mainland in a short time; and financial activities need to be established by both parties, so the mainland needs to use Hong Kong as a window for introducing foreign capital.

In addition to helping mainland companies to list in Hong Kong, they can also introduce funds to the Greater Bay Area. For example, how to introduce funds to help Shenzhen high-tech companies raise funds to form a capital chain.

Chen Jiaqiang said that Hong Kong, as a window to the international financial center, has played a role for the Mainland in the past 20 years to attract capital, and I believe that its role will not decrease in the future.

(Profile picture / Photo by Liang Pengwei)

However, Chen believes that Hong Kong also needs to consider the development of talents. In the absence of technology industries, it is out of touch with other cities.

He pointed out that although Hong Kong's scientific research capabilities are good, the number of talents and scholars is insufficient.

He believes that the development of science and technology should not be as eager as possible, but requires deep cultivation and meticulous work. He also pointed out that the future development direction of the world is science and technology, so it cannot stand still.

As for Shenzhen’s GDP surpassing that of Hong Kong, Chen said that “everyone has heard that there is a controversy with little spirit.” We can no longer compare Shenzhen with Hong Kong 40 years ago.

He pointed out that many international companies, such as Tencent, have their headquarters in Shenzhen. They believe that Hong Kong only needs to maintain a high level of GDP per capita and Hong Kong people have enough food and clothing. "Are we worried?"

In addition, Chen believes that the epidemic will be difficult to control in the short term. The number of tourists from the mainland will be reduced, which will affect Hong Kong’s GDP. He suggests that the government should subsidize certain industries. If the catering industry closes out, it will hit the economy. It is expected that the Hong Kong economy will not be in at least half a year. has improved.

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Shenzhen Xi Jinping

Source: hk1

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