Efforts to find new sources of revenue and reduce expenses should be a top priority. It is particularly important to allocate public resources effectively, with a focus on stabilizing and enhancing Hong Kong’s business and investment environment and creating new growth impetus.
The Central Authorities’ vigorous effort to develop the Greater Bay Area provides Hong Kong with a springboard to better integrate into the country’s development and tap the business opportunities in the Greater Bay Area.
Hong Kong must device short-, mid- and long-term policies to attract and retain talent and actively enhance its livability. It must also expand its talent pool to ensure sustainable economic growth and stay competitive.
We are pleased to see the HKSAR Government expending such great effort to promote the Northern Metropolis and the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone and to accelerate coordinated development with Shenzhen.
The Development Plan will create new impetus for Shenzhen-Hong Kong cooperation in the I&T area. The HKSAR government and the local business and related sectors must take advantage of the opportunities, so that in-depth I&T cooperation between the two cities will be possible.