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Pony Ma: Creating a ‘Bay Area’ for tech firms in Guangdong, Hong Kong and Macau needs Beijing’s support

Billionaire chief of Tencent says Hong Kong is perfectly positioned to become a global tech hub, attracting talent from around the globe

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Pony Ma Huateng, founder of Tencent. Photo: Simon Song
Meng Jing

Chinese billionaire Pony Ma Huateng, who heads one of Asia’s largest internet empires, has called for Beijing to offer more policies to encourage better collaboration with Guangdong, Hong Kong and Macau, in order to turn China’s “Bay Area” into a hub for world-leading technology companies.

Ma, chairman and chief executive officer of the Hong Kong-listed Tencent Holdings, said on Friday that Hong Kong is well positioned, as an international finance city, to ride the mainland’s technology wave and attract top talent from overseas.

Ma sees Hong Kong as a “super liaison” to connect start-ups and investors and a build a “habitat” for high-end talent from across the world, as he raised the Hong Kong, Guangdong, Macau Bay Area proposal.

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“Hong Kong’s advanced financial services, combined with Shenzhen’s strength in innovation and the Pearl River Delta’s manufacturing power, the region has great potential to become a prosperous metropolitan [area] powered by cutting-edge technologies,” said Ma, whose Shenzhen-based Tencent operates China’s largest social and entertainment network.

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The comments came as Ma, a deputy of China’s National People Congress, discussed his proposals to a packed audience before the opening of the annual NPC meeting on Sunday.

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