Can the GBA help Hong Kong attract overseas business and talent?
Hong Kong has long been recognised as a world-class financial centre with a renowned and mature legal system, offering enticing schemes for overseas organisations and startups to establish roots. Recent years have shown that these traditional strengths alone may no longer be enough for Hong Kong to keep pace with other rising regional business hubs. Can an offer of substantial access to a more connected consumer market and a quickly growing economy offered throughout the GBA become an enticing reason to bring in overseas organisations? In what ways does Hong Kong need to innovate to ensure it remains competitive in attracting overseas business?
10:30 AM - 10:45 AM (HKT)
10:45 AM - 11:00 AM (HKT)
Case study: European Union
11:00 AM - 11:40 AM (HKT)
Enhancing connectivity, mobility and collaboration with smart city tech
A key component in ensuring Hong Kong is able to make the most of the substantial opportunities. Hong Kong has the potential to benefit substantially from being part of the GBA initiative. A key component of making this possible will be increased innovation and societal utlisation of smart city initiatives. Building smart cities not only improves daily living amongst the citizens, but also strengthens business opportunities through improved connectivity, enhanced capital flow, access to information, and a greater selection of talent. What are the key priorities, opportunities, challenges and resources needed to ensure Hong Kong plays its part in enhancing smart city development?
11:40 AM - 12:20 PM (HKT)
How will Hong Kong boost financial connectivity within the GBA?
While everyone knows Hong Kong’s key role in enhancing the GBA will be its world-renowned financial services sector. While Hong Kong has on one hand benefited mainland China’s large market, it also plays a crucial role in the reform and opening-up of mainland China’s financial markets. While schemes like the Wealth Management Connect and trial with central bank digital currencies have shown early signs of the potential that financial connectivity can have on the region, countless questions remain as to how disparate laws, rules and regulations can be harmonised across borders. What steps need to be taken to realise true financial connectivity across the GBA and how can Hong Kong’s financial sector continue to benefit from these prospects?
12:30 PM - 01:00 PM (HKT)
How can Hong Kong nurture entrepreneurship across the GBA?
The Alibaba Hong Kong Entrepreneurs Fund (AEF) recently announced a new venture fund, dubbed the AEF Greater Bay Area Fund (GBA Fund), the private sector venture fund exclusively backing startups in the GBA. The GBA Fund will seek out and back start-ups based in the GBA or Hong Kong-based start-ups that plan to expand into the region, particularly in the areas of sustainability, deep tech, health tech and artificial intelligence related projects. Joe Tsai, vice chairman of Alibaba Group, will discuss the reasons behind creating the fund and the sectors the AEF believe have the most potential across the GBA.