Hong Kong Financial Breakthrough. 2｜Exclusive Dialogue with Xiao Geng: Building a "Special Zone in the Central Zone" with the hinterland of the Bay Area

"Hong Kong is sea water, and the mainland is river water. Hong Kong institutions are shrimp, and mainland institutions are river shrimp. Two types of shrimp cannot survive in each other's environment." Chairman of the Hong Kong Institute of International Finance, Advanced Finance Researcher of the Chinese University of Hong Kong (Shenzhen) Xiao Geng, director of the Institute of Policy and Practice of the Academy, recently emphasized in an exclusive dialogue with "Hong Kong 01" that the cooperation between Hong Kong and the mainland cities in the Greater Bay Area "is not a merger", and "the advantages of the "two systems" must be preserved."

In Xiao Geng's eyes, although Hong Kong has institutional advantages, it also has intractable difficulties: hollow industries, high property prices, and unfair income.

He likened Hong Kong to "Manhattan without its hinterland", and suggested the path of "a special zone within a special zone" to resolve the deep-seated contradictions within Hong Kong and the lack of external supply, so as to achieve win-win cooperation among cities in the Greater Bay Area.

Xiao Geng pointed out that the city clusters in the Bay Area all over the world are a whole, and only the Guangdong-Hong Kong-Macao Greater Bay Area has a variety of different systems and currencies. the heights."

How to break through the traditional integration framework, so that Hong Kong can integrate into the Greater Bay Area urban agglomeration without losing its characteristics, and cooperate with mainland cities for mutual benefits?

Xiao Geng conceived this way...

For details, please read the 319th issue of "Hong Kong 01" Electronic Weekly (May 30, 2022) "

Hong Kong Financial Breakthrough.

1｜Exclusive Dialogue with Xiao Geng: The Hong Kong dollar system is the core asset of the country's soft power. Hong Kong's financial breakthrough.

2｜Exclusive Dialogue with Xiao Geng: Building a "Special Zone in the Central Zone" with the hinterland of the Bay Area

Xiao Geng, chairman of the Hong Kong Institute of International Finance and director of the Institute of Policy and Practice of the Chinese University of Hong Kong (Shenzhen) Institute of Advanced Finance, stressed that the cooperation between Hong Kong and the mainland cities in the Greater Bay Area is not a merger, and the advantages of the "two systems" must be preserved.

(provided by respondents)

Many Bay Area urban agglomerations in the world are a whole, but the Guangdong-Hong Kong-Macao Greater Bay Area operates a variety of systems.

Xiao Geng reminded us to make good use of the advantages of different systems.

(file picture)