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“Stepping out from your comfort zone is the only way to keep your competitiveness,” says Jefferson Wat, President of SME Global Alliance

出自香港新聞網 - 樹仁新傳系學生實習習作

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Reported by Chung Cheuk Yin 11 September, 2018

“Market share is limited, you must go for a cup of soup, otherwise, you will be eliminated,” said Wat. Concluding his rich experience, encouraging youngsters become more willing to adventure.


In order to conform the tendency, the integration of law and restriction in greater bay area is in full swing. Tons of convergence and fusion are expanding by leaps and bounds, so as to bump up the economic growth, to face the challenge of globalization. Wat said he has to equip himself for the knowledge of block chain, so as to follow the trend of the demand for talents in technology aspects.


On the other hand, there are controversies about the integration of Hong Kong and surrounding cities in China, people are doubting the broad difference between culture and law will be the hurdle of the further harmonization of bay area. Wat said people in USA need to hire professionals to sort the tax relation issues, “The advantage of Hong Kong is its simple tax system, it’s beneficial for us to attract business to root in Hong Kong,” he further explains. He thinks what Hong Kong should do is to improve and tailor the law of countries with special religious like Malaysia, to diminish the boarder of culture.


Besides, concerns on the integration of bay area will weaken the reputation and legitimacy of Hong Kong. “This would not happen for sure, Hong Kong in bay area is like the San Francisco in USA. Due to the recognition of Hong Kong, most of the foreigners would like to initiate their business,” Wat expressed. In addition, he thinks the restricted law in Mainland China may hinder the mobility of talents and information, government and companies have to customize the relating culture and legislation ,and advocate communication to steadily develop the insights and business.

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