Home » Experts suggest that the Greater Bay Area will improve the system and better connect China and the world-Hong Kong and Macau News-China Matrix

Experts suggest that the Greater Bay Area will improve the system and better connect China and the world-Hong Kong and Macau News-China Matrix

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Xinhua News Agency, Guangzhou, December 4 (Reporter Hong Zehua) The 2021 “Understanding China” International Conference (Guangzhou) organized the “High Standard Market System Construction and Practice in the Guangdong-Hong Kong-Macao Greater Bay Area” seminar held in Guangzhou on the 3rd. Experts and scholars participating in the conference believe that the Guangdong-Hong Kong-Macao Greater Bay Area needs to speed up the perfection of system integration in the future to better connect China and the world.

According to Li Cheng, director of the State-owned Assets Supervision and Administration Commission of Guangdong Province, while achieving high-quality development, state-owned enterprises can effectively improve the market environment and quality, promote the efficient allocation of market factors and resources, and help lead the healthy and stable development of various industries. At present, state-owned enterprises in Guangdong Province are taking the opportunity of the construction of the two cooperation zones in Hengqin and Qianhai to actively participate in the construction of the Greater Bay Area, benchmarking against international economic and trade rules, and participating in the systemic opening process of the province.

Lord Davis, the spokesperson of the Ministry of Finance of the British Labour Party Shadow Cabinet and a member of the House of Lords of Parliament, delivered a video speech. He said that China has established world-class high-tech innovation centers in Shenzhen and other places to develop a service-driven economy. Hong Kong’s financial, professional services, arbitration and dispute resolution services continue to highlight Hong Kong’s international role, increase the confidence of foreign investors, and provide support for the entire Greater Bay Area.

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Zheng Yongnian, Dean of the Global and Contemporary China Institute for Advanced Study of the Chinese University of Hong Kong (Shenzhen), said that the establishment of the Hengqin and Qianhai cooperation zones provides a good testing ground for the docking of the Greater Bay Area system. In the two cooperation zones, we should actively explore the system docking model between the Mainland and Hong Kong and Macao, and take the point of view to make the Guangdong-Hong Kong-Macao Greater Bay Area a model of win-win cooperation between the Mainland and Hong Kong and Macao.

Zhang Yueguo, president of the Guangzhou Academy of Social Sciences, said that there are various types of cities in the Guangdong-Hong Kong-Macao Greater Bay Area, including special administrative regions, special economic zones, open coastal cities, and general cities. The key to achieving a high-level market standard system in the Greater Bay Area lies in each city. Connection between. The cities in the Greater Bay Area generally have a relatively high level of marketization, complete infrastructure, and strong willingness to interoperate, which are their characteristics and advantages.

Hu Zuliu, founder and chairman of Chunhua Capital Group, delivered a video speech. He said that the recent launch of the Greater Bay Area “Cross-border Wealth Management” has received enthusiastic response in Hong Kong. The survey shows that more than 80% of residents in the Greater Bay Area are interested in investing through “Cross-border Financial Link”. Hong Kong is an important offshore renminbi center, handling more than 75% of the global offshore renminbi settlement business.

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Liu Jianxiong, chief consultant researcher of the Macao Special Administrative Region Government Policy Research and Regional Development Bureau, said that top-notch science and technology innovation needs the support of a hyper-scale market. The Guangdong-Hong Kong-Macao Greater Bay Area has 3 customs areas, 3 currencies, and 3 legal systems. It has a large population and is one of the largest markets in the world. How to fully connect the cities in the Greater Bay Area to make it a unified, The ultra-large-scale market is the focus of attention in the construction of the Greater Bay Area.

The 2021 “Understanding China” International Conference (Guangzhou) will be held in Guangzhou from December 1st to 4th. Focusing on the theme of “Where to come from, where to go-the world‘s changes in a century and China and the Communist Party of China”, well-known former politicians from around the world, heads of international organizations, and outstanding representatives of the academic and business circles conducted in-depth discussions and exchanges.


Editor in charge: Yuan Danhua

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