Beijing Has Listened To HK On Bay Plans: SAR Govt

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2019-02-18 HKT 19:31

Share this story

facebook

  • The Hong Kong government says the Greater Bay Area plans are an attempt to break new ground 'in a new era'. Photo: Information Services Department

    The Hong Kong government says the Greater Bay Area plans are an attempt to break new ground 'in a new era'. Photo: Information Services Department

The Chief Executive, Carrie Lam, on Monday welcomed Beijing's announcement of its vision for the Greater Bay Area, thanking the central government for taking her administration's views into account when formulating the outline plans.

The SAR government issued a statement saying that the bay area, which will cover Hong Kong, Macau and nine Guangdong cities, is "not only a new attempt to break new ground in the country’s pursuit of opening up on all fronts in a new era, but also a further step in taking forward the implementation of One Country, Two Systems".

"On the one hand, Hong Kong is part of China; on the other hand, our economic, legal and social systems are different from those of the mainland. As a highly open and international city, Hong Kong can extend its international connections and experiences to the mainland and help bring in foreign investments," the statement said.

It added that the development of the bay area will help identify new areas of growth for Hong Kong and will expand the "space for living and development of Hong Kong residents.”

The government said it would continue to listen to the views of Legco as the plan develops and will also take into account the views of industry, professional bodies and others to make sure measures suit the different sectors of society.

RECENT NEWS

OCBC Plans Hong Kong Wealth Expansion With Up To 50 New Bankers

OCBC is expending its wealth management team in Hong Kong by 30% this year to meet growing regional demand for investme... Read more

Hana Financial To Acquire US$669M Stake In Dunamu, Deepening Crypto Push

Hana Financial Group has agreed to acquire a 6.55% stake in digital asset operator Dunamu. The transaction is valued at... Read more

Reap And TerraPay Partner To Expand Cross-Border Payouts Via Local Payment Rails

Reap has partnered with TerraPay to expand its cross-border payout network using domestic clearing systems. The integra... Read more

Tencent Fintech And Cloud Services Lift Q1 2026 Revenue 9% To US$8.68 Billion

Tencent reported a 9% increase in revenue from its fintech and business services division for the first quarter of 2026... Read more

Ant Group Profit Falls An Estimated 79% As AI And Payments Spending Rises

Ant Group saw an estimated 79% decline in quarterly profit as the company accelerates its spending on AI, large languag... Read more

Alibabas Cloud Revenue Jumps 40% As AI Investments Pressure Profitability

Alibaba Group has released its financial results for the quarter and fiscal year ending 31 March 2026, reporting a 3% a... Read more