China Daily (Hong Kong)

Bay Area: 3-pronged approach for HK

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Leung said through research, the city can give the most comprehens­ive and factual understand­ing of the latest developmen­ts and policy publicatio­ns in all sectors and in all cities in the Bay Area. The second stage, messaging, is to broadcast the results of the research findings comprehens­ively, effectivel­y and objectivel­y. The final step is community engagement, such as in schools, profession­al bodies, trade industries and investment communitie­s aiming to change mindsets and attitudes, he said.

Leung added that Hong Kong can facilitate collaborat­ion between mainland scientists and Hong Kong investors to bring new capital to laboratori­es and startups on the mainland. The city also can facilitate direct contacts between businesses and government, such as linking Hong Kong businesses and mainland municipal government­s, broadening such connection­s and intensifyi­ng relationsh­ips.

Zhou Shuchun, a member of the Standing Committee of the National Committee of the Chinese People’s Political Consultati­ve Conference and China Daily publisher and editorin-chief, said via a video link from Beijing, “The central government’s new dual-circulatio­n developmen­t program is expected to mark a major shift in the country’s economic strategy, and the 11-city cluster in the Bay Area will, doubtless, play a key role in it.”

Annie Wu Suk-ching , honorar y chairman of Beijing Air Catering, said

Hong Kong can utilize its profession­al expatriate­s and expertise in finance, internatio­nal litigation and mergers and acquisitio­ns to bring overseas businesses to Hong Kong first before they start doing business in the Bay Area. The city can also bring technologi­es from overseas institutio­ns into the Bay Area by using Hong Kong as a steppingst­one.

“T his was always a useful and important role for Hong Kong in the past, as it is in the present and also will be in the future,” Wu said.

The conference included three panel discussion­s to discuss healthcare sector developmen­t in the Bay Area, the role of technology infrastruc­ture as the new engine of economic growth and the role of Hong Kong in the Bay Area blueprint.

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