Financial Secretary Paul Chan on Monday said the Greater Bay Area would serve an all-round role in the national development process as the country focused on new quality productive forces and reshaping the economic cycle as part of its 15th Five-Year Plan.

He made the remarks at a forum hosted by the Chinese Manufacturers' Association of Hong Kong to look at the opportunities for the SAR in the development blueprint outlined in the five-year plan.

The Greater Bay Area, Chan pointed out, is equipped with a complete industrial chain for high-end manufacturing that is supported by the inherent advantages that Hong Kong brings.

“The Greater Bay Area, which includes Hong Kong, plays an irreplaceable role on a global scale, combining an international financial centre, a frontline role in artificial intelligence and a high-end manufacturing ecosystem,” he said.

“Hong Kong definitely is an international super-connector among the Greater Bay Area cities with both international finance and talent, connecting world-leading research, the mainland’s strong production capacity and global financial network.”

The government, Chan said, is also formulating the SAR’s own five-year plan at full speed.

The authorities will work with different sectors to explore the priorities, implementation plan and road map for the blueprint, he said.



Edited by Tony Sabine