Hong Kong: Pearl of Greater Bay Area
June 4, 2024
Regina Ip in asian news
Late to the game, Hong Kong’s big splash on tech must pay off
National industrial strategies, the subject of intense study and debates in the 1980s in the wake of the phenomenal success of Japan’s industrial economy, have returned to the centre stage of global attention. Much of this stems from the fact that two of the world’s largest economies, the US and China, have focused more on industrial policy.
Hong Kong must boldly innovate faster to keep up with the times
That was around 2016. Musing over Hong Kong’s growth possibilities and looking westward towards Hong Kong’s outlying islands from his West Kowloon flat, Akers-Jones quipped that the next chief executive would have many ribbons to cut at opening ceremonies of major infrastructure projects, and many islands to develop if the city needed more land. Akers-Jones spoke from experience. When British administrators needed to intervene in the markets to boost growth, infrastructure-led development did the trick.
Hong Kong trade office’s contributions to ties with UK mustn’t be forgotten
Hong Kong has 14 ETOs across North America, the United Kingdom, Europe, Japan, Southeast Asia and Australia. They were established in accordance with Article 156 of the Basic Law, which provides that “the Hong Kong Special Administrative Region may, as necessary, establish official or semi-official economic and trade missions in foreign countries”. The history of Hong Kong’s overseas representations on trade and economic issues goes back a long time, well before becoming a special administrative region.
Hong Kong must turn Greater Bay Area integration challenges into opportunities
A framework agreement for deepening cooperation between Guangdong province, Hong Kong and Macau was signed on July 1, 2017. Almost seven years on, development in the bay area plan is bringing about profound changes to Hongkongers’ lifestyle and the economy.