The Hong Kong China Academic Bauhinia Forum 2024: Towards a New Quality Productivity Driven Chinese Economy was held in Hong Kong on the 22nd. Experts and scholars from Hong Kong, mainland China, and overseas focused on the key words of "new quality productivity", discussing topics such as the development of the Chinese economy and new quality productivity under the new situation, and how to leverage Hong Kong's unique advantages. At the forum, Wang Changlin, Vice President of the Chinese Academy of Social Sciences, delivered an opening speech titled "The Chinese Economy Driven by New Quality Productivity". He pointed out that since the 18th National Congress of the Communist Party of China, significant progress has been made in the high-end development of China's manufacturing industry, the digital economy has shown a vigorous development trend, strategic emerging industries have continued to grow and grow, and emerging industries such as new energy vehicles, artificial intelligence, bioenergy, biomaterials, and green energy are surging, constantly shaping new development momentum and advantages. This trend and pattern of change indicates that new quality productivity has formed a strong driving and supporting force for China's economic growth. Liu Shijin, former deputy director of the Development Research Center of the State Council, believes that the key to developing new quality productive forces lies in technological innovation, especially primitive innovation. Overall, China has achieved great results in the implementation of research results, but basic research from scratch is still a development weakness. Therefore, the development of new productive forces requires efforts in the field of basic research, emphasizing the role of large innovative enterprises, and creating an atmosphere that encourages innovation. "The fundamental to developing new productive forces is the deep integration of technological innovation and industrial innovation," said Wang Yiming, Vice Chairman of the China International Economic Exchange Center. He said that the development of new productive forces requires not only original research from 0 to 1, applied research from 1 to 10, but also the transformation of scientific and technological achievements from 10 to 100, and large-scale industrialization from 100 to N. "Of course, developing new quality productive forces does not mean abandoning traditional industries." Wang Yiming added that traditional industries account for 80% of China's industrial structure and are the fundamental foundation of China's real economy. To meet the needs of the development of new productive forces, traditional industries should undergo digital transformation and intelligent transformation. At the forum, Marco Kamiya, the representative of the United Nations Industrial Development Organization in Indonesia, East Timor, and ASEAN affairs, interpreted the connotation of "new quality productivity" from an overseas perspective. He stated that China's proposal of "new quality productivity" represents an emphasis on basic research, which is currently lacking in the development of industries in emerging economies. At the same time, this concept also integrates attention to climate change and corporate social responsibility, providing reference for other emerging economies to develop similar economies. What role can Hong Kong play in the development of new quality productive forces? Wang Changlin believes that Hong Kong can make efforts in three aspects: consolidating and enhancing its position as an international financial center, and providing financial support for the development of new quality productivity; Building an educational highland and cultivating high-quality talents for the development of new productive forces; Strengthen contact and cooperation with the mainland, and promote the coordinated development of the Guangdong Hong Kong Macao Greater Bay Area. The President of the Hong Kong Institute of International Finance, Xiao Geng, also mentioned that finance needs to serve the real economy, and technological innovation also requires significant investment. If relying solely on a single aspect of investment, it may result in investment