July 16, 2024

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Business is my step

Hong Kong predicted to engage in essential monetary purpose in Bigger Bay Region

1 min read
Hong Kong predicted to engage in essential monetary purpose in Bigger Bay Region
Hong Kong predicted to engage in essential monetary purpose in Bigger Bay Region

HONG KONG (Xinhua): Hong Kong has several strengths to press ahead the development of economic products and services and innovation and engineering in the Guangdong-Hong Kong-Macao Greater Bay Spot, reported Paul Chan Mo-po, the city’s money secretary, on Sunday (Dec 27).

Addressing a symposium at Jinan College, Chan stated that financial expert services have turn out to be the most competitive sector in Hong Kong and will be conducive to the enhancement of the economic sector in the Better Bay Spot.

Chan claimed Hong Kong can enable the internationalisation of the renminbi, provide as a fund-boosting system for mainland enterprises, present asset management providers, turn out to be an excellent platform for disaster bond issuance, and bolster the environmentally friendly finance in the Bay Spot.

In phrases of Hong Kong’s innovation and technological know-how enhancement, Chan highlighted the entire world-course investigate capability of universities, a mature lawful technique, seem mental home safety, and an internationalised business ecosystem.

Hong Kong and Shenzhen are also generating joint efforts to make a technological innovation and innovation cooperation zone, which will become an significant platform of technologies and innovation growth in the Bay Area, Chan reported.

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