Greater Bay Area has ‘immense opportunities’ for Hong Kong, Nansha: CY Leung

Hong Kong and Nansha district can find “immense opportunities” at the intersection of global innovation and regional integration of the Greater Bay Area, a former chief executive has said, highlighting the city’s role as a superconnector in the region.

During the Post’s annual China Conference on Wednesday, Leung Chun-ying said the concessionary tax rates for enterprises offered in the municipal district of Guangzhou promoted collaborations in the region.

The meeting was held in Nansha this year, making the South China Morning Post the first Hong Kong media company to organise a bay area conference in one of the cities under central authorities’ development blueprint.

Hong Kong’s deputy financial secretary Michael Wong Wai-lun and Nansha district party chief Liu Wei were among the VIP speakers of the one-day conference, which attracted more than 300 attendees, two-thirds of them from outside mainland China,

Leung, vice-chairman of the country’s top political advisory body, the Chinese People’s Political Consultative Conference, said the bay area development blueprint offered a “much bigger and more diverse playfield” for Hong Kong, increasing the financial hub’s geographical and sectoral diversification.