Look To Greater Bay For Recovery: Paul Chan

The financial secretary, Paul Chan, has warned that employees in Hong Kong will continue to face tough times ahead as the city reels from the impact of Covid-19.

Writing in his blog, Chan said even though the local GDP has improved slightly in the third quarter, the local job market is expected to remain in the doldrums.

He said it is important for Hong Kong to tap into the vast opportunities brought about by the development of the Greater Bay Area, saying the SAR has great potential in areas like risk management and the internationalisation of the Renminbi.

Chan’s comment was echoed by chief secretary Matthew Cheung, who said a steady rebound in the mainland economy will help boost Hong Kong’s exports.

Cheung also pointed out in his blog that the government will set up four long-term coronavirus testing centres in Quarry Bay, Yau Ma Tei, Sha Tin and Yuen Long.

He said these centres will operate for at least three months, and the move is aimed at identifying Covid-19 carriers in the community as soon as possible.