Greater Bay Area
China's central authorities to roll out more policies for Hong Kong: spokesperson
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Chinese central authorities will continue rolling out more policies and measures that benefit the Hong Kong Special Administrative Region during the 15th Five-Year Plan period, a spokesperson said on Wednesday. The central authorities will make further arrangements in the 15th Five-Year Plan for national economic and social development to support Hong Kong in leveraging its unique strengths and playing a significant role.
Beijing’s top representative in Hong Kong expressed confidence the city can achieve greater development through deeper integration with the mainland.
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Hong Kong authorities plan to expand a driving scheme for mainland motorists to all 21 cities in Guangdong Province by the first quarter of next year due to surging demand.
At the South China Morning Post’s China Conference: Greater Bay Area, Hong Kong highlighted its role as a ‘superconnector’ and ‘super value adder’. The city is actively deepening ties in fintech with Shenzhen to build a world-class hub. Joseph Chan Ho-lim, deputy secretary for Financial Services and the Treasury, said Hong Kong will encourage local fintech firms to set up subsidiaries and support Shenzhen tech companies in leveraging its capital market.
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The Hong Kong Applied Science and Technology Research Institute (ASTRI) is accelerating AI+ applications to shape a “Cognitive City” in Hong Kong and the Greater Bay Area. CEO Ir Dr Ted Suen stresses the need to anticipate challenges through innovation in an uncertain future. This vision aligns with the Chief Executive’s Policy Address and China’s 15th Five-Year Plan.