Home>Top Issues

HK should tap bay area for development, says ex-finance chief

Tuesday,Mar 21, 2017

From: China Daily

 

Antony Leung Kam-chung delivers a speech at a round-table seminar held by think tank Center for China and Globalization (CCG) in Beijing, March 16, 2017. [Photo provided to China Daily]


 

Hong Kong should find ways to conduct "breakthrough" cooperation with mainland cities like Shenzhen and Zhuhai and work together to build Guangdong-Hong Kong-Macao Bay Area, said former finance chief Antony Leung Kam-chung at a round-table seminar held by think tank Center for China and Globalization (CCG) in Beijing on Thursday.

"When we signed Closer Economic Partnership Arrangement (CEPA) in 2003, our cooperation became ’closer’, so now we should aim for ’breakthrough’ ones," said Leung, currently CEO of property developer Nan Fung Group.

His idea also resonates with the plan outlined in this year’s Government Work Report "for the development of a city cluster in the Guangdong-Hong Kong-Macao Greater Bay Area".

This year will mark the 20th anniversary of Hong Kong’s return to the motherland. Leung said the next 10 years will be key to the future of Hong Kong.

As one of the most globally connected regions, Hong Kong’s future is closely linked to the emerging trends. Leung used "VUCA", namely vulnerable, unclear, complex and ambiguous, to describe the future world, which is under great impact from new technology, globalization, aging population and so on.

So he proposed that Hong Kong should make use of its advantages, take measures to attract global talent, encourage innovation, creative ideas and entrepreneurship, as well as actively take part in the Road and Belt Initiative.

 

 

From China Daily, 2017-3-17

 

 

 

  • Talent drive looks to bring in international students

    China has stepped up its drive to lure overseas talent in its bid to become an innovation economy, less dependent on trade in manufactured goods. New measures include allowing foreign students to stay on in China after their degrees to take up jobs or internships and reducing red tape around residence permits.

  • With 100-Day Sweetener Talks

    For China, the most important achievement of the 100 days of trade talks with the U.S. now coming to a close might be keeping its counterpart at the table.

  • Think Tanks and The G20

    CCG President Dr. Wang Huiyao spoke on CCTV news program on think tanks and the G20 Summit. In the dialogue Dr. Wang emphasized the necessity of G20 for the world to regain focus on the benefit of globalization and revive the prosperity from international trade.

  • 【China Daily】10 suggestions to resolve China-US trade dispute

    US President Donald Trump inked a memorandum March 23 to impose punitive tariffs on imports from China. The Chinese Ministry of Commerce reacted with retaliatory measures against US products. The tensions between the world’s two largest economies immediately rippled through markets and countries across the globe.

  • Wang Huiyao: More talks should be held with TPP nations

    Forging ahead with the Trans-Pacific Partnership will help China share the benefits of new round of globalization.