Hong Kong Young Writers Anthologies Non-Fiction 2020 | Page 17

Hong Kong Young Writers Awards 2020
Role of Hong Kong in Greater
Bay Area
GT (Ellen Yeung) College, Chan, Cheuk Yin Cheri – 13
According to the “Outline of Guangdong, Hong Kong and Macau Greater Bay Area
Development Planning”, Hong Kong, Macau, Shenzhen, and Guangzhou are designated
as the four major central cities of the Greater Bay Area. As the core engine of regional
development, the goal is to build a world-class bay area by 2035. Some scholars have pointed
out that Hong Kong’s planning in the Greater Bay Area has been taken very seriously. From
the presentation, Hong Kong was held as the venue, and relevant provincial and municipal
leaders appeared, and Hong Kong was one of the four core cities. The number of times and
so on shows that Hong Kong is highly valued, as the commentator described, the Central
Government gave the Greater Bay Area to Hong Kong. The question is, what are Hong
Kong’s real strengths and how can they make the most of it?
As an intellectual property trading hub in Asia, Hong Kong attracts overseas technology
R & D, creative, design and manufacturing companies. It can introduce the intellectual
property rights of overseas technologies for companies in the Greater Bay Area, and at the
same time push the results of regional scientific research to the international market.
As an international shipping center, Hong Kong is familiar with the operation and rule-
making process of international trade activities. Coupled with the government’s recent efforts
to develop high value-added maritime services (such as ship financing and management),
it can provide high-quality shipping services to the Greater Bay Area and assist in the
development and management of mainland ports.
As the world’s largest offshore RMB payment settlement center, it processes
approximately 70% of offshore RMB payment transactions worldwide. When companies
in the Greater Bay Area plan to expand their overseas operations, Hong Kong can support
related offshore RMB settlement, financing and fund management needs.
At present, the integration of the two places is the general trend. Hong Kong people,
especially young people, should broaden their horizons. Faced with the various possibilities
and challenges of the development of the Greater Bay Area, how should young people equip
themselves? It is believed that many Hong Kong people who have the professional knowledge
and experience of the previous generation have already established development networks
internally and have work contacts or developments with mainland enterprises. They have
already adapted in all aspects. But the future is a world of young people. The government
should do more to encourage young people to actively equip themselves to meet the challenge
of more integration between the two places in the future.
Hong Kong has many professionals with financial experience and knowledge, has
transparent regulations and sound supervision, and values information security. It can work
with the technical talents of the Greater Bay Area to develop relevant financial technologies.
Hong Kong has talents in professional consulting, legal, accounting and finance, which
can meet the talent needs needed for the transformation and upgrading of companies in the
Greater Bay Area.
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