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Letters | Two ways Hong Kong can stay competitive amid Shenzhen’s rise
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I am writing in response to the article “How does Hong Kong stay relevant to China’s new technological era?” (October 29). In the communique after the fifth plenum of the Communist Party’s leadership, party leaders pledged to maintain the long-term prosperity and stability of Hong Kong.
Analysts say that to stay relevant, Hong Kong must strive to play an important role in the Greater Bay Area.
No doubt Hongkongers hold a stereotypical idea of mainland China, seeing Shenzhen as only a city with a low cost of living, for example. But in recent times, experts and analysts have warned that Hong Kong’s independent economic status may not be guaranteed. Meanwhile, cities in the Pearl River Delta region have been developing rapidly. So, how can Hong Kong maintain its important position as an international hub?
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First, Hong Kong must provide more incentives than Shenzhen to attract investors to Hong Kong. This would also introduce more job opportunities and attract more talent to boost Hong Kong’s position as an international financial centre.
05:25
Hong Kong's competitive edge questioned as Xi says Shenzhen is engine of China’s Greater Bay Area
Hong Kong's competitive edge questioned as Xi says Shenzhen is engine of China’s Greater Bay Area
Second, we must increase the interaction between Hong Kong and mainland China, especially in Shenzhen and the wider Greater Bay Area, to exchange knowledge, especially on the technology front.
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