Hong Kong Young Writers Anthologies Non-Fiction 2020complete | Page 55

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.
Hong Kong is the world's major IPO center and the second largest private equity market in Asia. With its
advantages in the capital market, it can provide companies in the Greater Bay Area with comprehensive
financing options, help them reduce financing costs and support their continued growth.
Hong Kong's aviation industry not only has advantages in airport hardware and management, but also has
a professional and technically demanding aircraft maintenance industry. It can provide one-stop aviation
services to the Greater Bay Area, and its experience can also help improve the industry in the region.
Hong Kong's scientific research is mainly led by universities and has excellent talents, mainly engaged in
cutting-edge upstream research, but lacks midstream transfer and downstream production. In contrast,
Shenzhen's scientific research is dominated by industry, focusing on applied research in the middle and lower
reaches. Dongguan and Huizhou in the Pearl River Delta can play a role in manufacturing products. Each
city in the region has complementary advantages and can establish an international innovation and
technology center that runs through the upstream, middle and downstream of the innovation and
technology park.
In recent years, medical tourism in Asia has developed rapidly. Chief Executive Officer said that despite
Hong Kong's potential, it was limited by its sparse population. If the plan is transferred to the Greater Bay