The Hong Kong-Zhuhai-Macao Bridge.
Overseas Chinese people are being encouraged to actively participate in
the development of the Guangdong-Hong Kong-Macao Greater Bay Area, as
the region creates greater business potential.
The proposal, announced during the Overseas Chinese Guangdong-Hong
Kong-Macao Greater Bay Area Conference, encouraged overseas Chinese to
start businesses and push development of high-end industries in the
area.
The Bay Area includes nine cities in Guangdong province and the Hong
Kong and Macao special administrative regions. It aims to develop into a
"role model of high-quality development", according to the central
government.
"The Bay Area is of great market potential not only for businesses from
Guangdong, Hong Kong and Macao, but for all overseas Chinese," Choi
Koon-shum, chairman of the Chinese General Chamber of Commerce in Hong
Kong, said at the conference.
The conference, which opened on Tuesday in Guangzhou, capital of
Guangdong, drew more than 400 overseas Chinese living and doing business
in over 100 countries and regions.
Hong Kong, which has an advantage in finance and modern service
industries, will play a big role in the development of the high-end
industrial cluster in the Bay Area, he said.
"Guangdong is very strong in advanced manufacturing. Hong Kong's
strength in finance and modern service would help manufacturing
businesses in Guangdong better link to the global market and expand
their businesses," Choi said.
To better facilitate business integration between the three regions,
Guangdong will establish three innovation and entrepreneurship bases in
Nansha in Guangzhou, Qianhai in Shenzhen and Hengqin in Zhuhai by 2020,
to help young people from Hong Kong and Macao start up businesses in the
province, according to a plan announced by the provincial government in
May.
The bases in Nansha, Qianhai and Hengqin, which are included in the
Guangdong pilot free trade zone area, will be expanded to six more
cities in the Bay Area, according to the plan.
"Young people from Hong Kong and Macao are more welcome to start up
their businesses in the Bay Area, thanks to a series of preferential
policies and an improved business environment," said Jack Lam, director
of the Guangzhou Tianhe District Hong Kong-Macao Youth Association.
According to Lam, the association has so far helped introduce more than
70 startup projects initiated by young business people from Hong Kong
and Macao.
"The projects are mostly engaged in emerging industrial areas, such as
the internet of things, greater health, architecture design and
environmental protection," Lam said.
Lam came to Guangzhou in 2000 to help his family run a raw-food material
business on the Chinese mainland. "I have been visiting so many cities
on the mainland, which are now creating dynamic market potential for
business people from Hong Kong and Macao," Lam said.
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