HSBC’s taipan steps up with proposal to help Hong Kong’s youth study, find jobs or start businesses in Greater Bay Area
- HSBC’s Peter Wong Tung-shun proposed the establishment of an organisation to provide guidance and advice to the city’s youth to help them study, work or set up new businesses on the mainland
- Local authorities should establish an online platform to give information and advice through organising seminars and conferences, he said
“They need information and guidance for them to make right choices to develop their career,” he said, adding that local authorities should establish an online platform to give information and advice through organising seminars and conferences.
The proposal by Wong, the top executive of the largest of Hong Kong’s three currency issuers – known as a taipan during colonial days – underscores how the GBA could present a viable option for the city’s youth, where the unemployment rate had jumped to a 17-year high of 7 per cent. With a combined population of 72 million people and US$1.7 trillion in economic output, the cluster of 11 cities in southern China including Hong Kong and Macau could be the world’s 11th largest economy if it were a stand-alone entity.
Wong tabled his proposals on Thursday in a Chinese language statement during the fourth session of the 13th Chinese People’s Political Consultative Conference (CPPCC) in Beijing. The CPPCC has 2,158 delegates who hail from different political parties, professions, and industries. Delegates meet for a week-long meeting in Beijing to discuss policies and recommendations to the legislature.