HK Free To Decide How To Implement GBA Plan: Nip
"); jQuery("#212 h3").html("

"); });
2019-02-23 HKT 14:18
The Secretary for Constitutional and Mainland Affairs, Patrick Nip, on Saturday sought to allay fears about Hong Kong’s autonomy under recently announced plans for the Greater Bay Area – saying the SAR will be free to decide how to implement the blueprint.
The blueprint sets out details for a technology-driven economic powerhouse centred on Guangdong province to rival the likes of Silicon Valley.
The plans identify Hong Kong, Macau, Guangzhou and Shenzhen as “core engines” for development in the region.
Nip said the plan gives Hong Kong people more choice – by diversifying the SAR economy, making room for innovation, and also offering local citizens more living space.
But he said more thought needs to be put into how to make the implementation of the Greater Bay Area blueprint smooth, as currently systems and policies in the mainland and Hong Kong differ. He stressed however that this should all happen under the “One Country, Two Systems” framework, which gives the city an advantage.
Nip also explained that a proposal to transfer non-emergency patients for cross-border treatment is meant to make things more convenient for Hong Kong people planning to live or work in the bay area. But, he added, local medical needs would remain the priority.
Is Hong Kongs Default Life Insurance Choice A Wealth Drain?
Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more
RedotPay Secures $107M Series B, Total Funding Hits $194M
RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more
91% Of Hong Kong Merchants Lose Revenue To Payment Friction
Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more
Do Kwon Faces Possible Trial In Korea After US Conviction
Do Kwon, the crypto tycoon behind the 2022 collapse of TerraUSD and Luna, caused an estimated US$40 billion in investor... Read more
Startale, SBI Holdings To Develop Japans Regulated Yen Stablecoin
Startale Group and SBI Holdings have signed a MoU to jointly develop and launch a fully regulated Japanese yen-denomina... Read more
KakaoBank Expands In Indonesia Through Superbank Partnership
KakaoBank, South Korea’s largest internet-only bank, is accelerating its global expansion through a deepened partners... Read more