On January 12th, the Chief Executive of the Hong Kong Special Administrative Region, Li Jiachao, delivered a video speech at the opening ceremony of the Qianhai East Asia Bank Building in Shenzhen, stating that the central government had just announced the overall development plan for the Qianhai Shenzhen Hong Kong Modern Service Industry Cooperation Zone last month. The Qianhai General Regulations propose to deepen the integration and development of finance between Shenzhen and Hong Kong, enhance the level of financial services for the development of the real economy in Shenzhen and Hong Kong. This will not only support the economic and social development of Hong Kong, but also enhance the level of cooperation in the Guangdong Hong Kong Macao Greater Bay Area. He pointed out that the Hong Kong SAR government will lead all sectors to seize the opportunities for the development of Qianhai, continue to maintain close cooperation with Guangdong Province, Shenzhen City, Qianhai Management Bureau, etc., leverage Hong Kong's unique advantages under the "One Country, Two Systems" policy, and jointly promote the high-quality development of the Guangdong Hong Kong Macao Greater Bay Area. "Hong Kong is an international financial center," he said. Under the "One Country, Two Systems" policy, Hong Kong has the only common law jurisdiction in the country, and its legal system is aligned with major financial centers around the world. The professional talents gathered in Hong Kong are proficient in two languages and have a deep understanding of the development of the mainland and the world economy, allowing Hong Kong to leverage its advantages as a "super contact" and "super value-added person" between the mainland and the global market in the financial industry and professional services. Li Jiachao emphasized that the SAR government attaches great importance to consolidating and leveraging the advantages of Hong Kong's financial services. In traditional securities, banking, insurance, asset management industries, as well as emerging green finance, fintech, etc., Hong Kong's international markets, products, and talents can make positive contributions to the financial openness and innovation of the Greater Bay Area. I encourage the Bank of East Asia to make good use of the huge development opportunities in Qianhai, continue to actively contribute to the construction of the Greater Bay Area, and contribute the strength of Hong Kong businesses to the country's high-level opening-up. It is understood that the Bank of East Asia established a representative office in Shenzhen in 1985 and became the first foreign-funded bank to be allowed to establish a branch in Qianhai in 2018. The newly opened East Asia Qianhai New Building, in addition to banking and office space, will also have facilities for financial technology and start-up cooperation, helping to promote the construction of an international science and technology innovation center in the Greater Bay Area. (Lai Xin She)
Edit：He Chuanning Responsible editor：Su Suiyue
Source：Outlook New Era
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