China’s Guangdong province is driving toward developing the Guangzhou-Shenzhen Science and Technology Innovation Corridor, aiming to make itself the nation’s major innovation engine and gateway for the province to connect to global innovation trends.
This March, journalists from Nanfang Daily, one of the Guangdong’s leading media publications, were sent to the US, UK, Germany, Singapore and other international financial hubs and had conversations with experts there, attempting to explore experiences that the province can learn from.
So the ecosystem, it’s very similar to what I described was allowed Silicon Valley to be successful here in California. You need kind of all the pieces to work together.
You need the venture capital support. You need the universities to help support innovation and entrepreneurs coming out of university to train them to help them start new ideas.
You need government support, you need the lawyers, you need the accounts. ”
How Guangzhou, Shenzhen, and Hong Kong jointly build up a regional financial center
Hong Kong can improve its comprehensive competitive power among financial centers, with the help of Guangdong-Hong Kong-Macao Greater Bay Area. In future Hong Kong will lead the bay area to be a global financial center.
Guangdong has many comparative advantages in nature resources, living conditions and so on. Shenzhen of Guangdong should, under the Belt and Road Initiative, have closer cooperation with Hong Kong in internationalizing the RMB.”
What financial tycoons value most in Guangdong?
Guangdong need an overall and long-term plan, and tell the world its development stories with international language.
Since you need to attract foreign investment and business, you should let those with international prospective and strategic thinking see the blueprint, and tell Guangdong’s story in the international context.”
How Guangdong can balance financial regulation and innovation?
How Guangdong-Hong Kong-Macao Greater Bay Area can integrate financial resources?
The biggest problem of financial development in the Area lies in how to integrate the flows of capital, human resources and logistics between Hong Kong, Macao and mainland China.
Guangzhou and Shenzhen could duplicate the advantages and learn from Hong Kong’s experience in the integration process of the financial market within the region.”
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