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Greater Bay Area Project May Provide a Greater Prospect to Hong Kong

出自香港新聞網 - 樹仁新傳系學生實習習作

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By Selina Tong, 11 September 2018

The Chinese Government has officially implemented the Greater Bay Area Project to promote cooperation between Hong Kong, Macao and Guangdong. The policy caused much controversy in Hong Kong, which the public worry that whether it is an opportunity or a challenge. Jefferson Wat, the president of the SME Global Alliance, attended the general assembly of Hong Kong Shue Yan University this afternoon and said that the development of Greater Bay Area will not weaken the international status of Hong Kong, but will draw attention in contrast.

Jefferson believes that the intention of Greater Bay Area project is to promote the cooperation between Guangdong, Hong Kong and Macao, which may expand into an international market. As the three places have many differences, the project provided opportunities for us to cooperate with the others and learn from them, such as the technologies, culture, law and languages. At the same time, this allowed Hong Kong to accumulate experiences of multi-regional economic cooperation.

The Greater Bay Area also provides internal economic benefits to Hong Kong, especially for small and medium-sized enterprises. Because the Dawan District has sufficient land spaces to make up for the shortage of land supplies in Hong Kong. Therefore, the enterprises will have more development spaces.

Jefferson also mentioned that, as an international financial centre, Hong Kong provides financial, accounting and trade services to domestic and foreign companies. Hong Kong has the most experience of trading and contact with other countries among the three places in the project. In this case, Hong Kong is the bridge between the Greater Bay Area and the international community. The rapid development of the Greater Bay Area provides opportunities for Hong Kong to perform its superiority. This has led to Hong Kong being more respected internationally.--165151 2018年9月11日 (二) 18:08 (CST)

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