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Editorial
Greater Bay Area collaboration can help Hong Kong rise to challenges ahead
The Post’s China Conference highlighted opportunities for the city in harnessing AI and strengthening cross-border data transfer security within the development zone
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Editorials represent the views of the South China Morning Post on the issues of the day.
The challenges facing Hong Kong have never been greater in a fast-changing world that is being reshaped by new technology and shifting economic and political orders. But there are also enormous opportunities, given our unique role as China’s most open and internationalised economy. The Hong Kong government should continue to unite different sectors to play to their strengths under “one country, two systems” and develop in a way mutually beneficial to the country and the city.
A top forum organised by the South China Morning Post for the first time in Qianhai on Thursday heard how we could rise to the challenge by harnessing artificial intelligence in financial services and other fields and by strengthening cross-border data transfer security within the development framework for the Greater Bay Area, a national drive to turn the two special administrative regions and other southern cities into a new regional economic powerhouse.
Held almost seven years since the publication of the Greater Bay Area development master plan, the China Conference: Greater Bay Area event brought together leaders, industry experts and innovators to explore the opportunities and challenges within one of the world’s most rapidly developing regions.
Established in 2010 to promote closer cooperation between Hong Kong, Macau and mainland China and develop modern service industries, the Qianhai special economic zone within Shenzhen is a showcase of how Hong Kong and mainland systems can work towards greater synergy. A total of 52 multinational companies have opened head offices while more than 1,450 new foreign-invested enterprises have set up operations in Qianhai.
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