Maria Tam Says Hong Kong Needs To Pull Its Weight
"); jQuery("#212 h3").html("
"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "https://newsstatic.rthk.hk/audios/mfile_1450585_1_20190331112839.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'https://news.rthk.hk/rthk/en/component/k2/1450585-20190331.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','https://news.rthk.hk/rthk/en/component/k2/1450585-20190331.htm', 'DCS.dcsqry', '' ); } } }); }); });
2019-03-31 HKT 11:52
Share this story
Basic Law Committee deputy director Maria Tam says Hong Kong's performance in the Greater Bay Area initiative will be a factor in whether the SAR gets to keep "One Country, Two Systems" after 2047, when the framework is set to expire.
"If we want Hong Kong's capitalistic system and lifestyle to carry on - and the 'One Country, Two Systems' system to carry on beyond 2047 - the best protection we can give ourselves, or the best bargaining power we have, is actually in this Bay Area development and even in the Belt-Road initiative," she said.
The Greater Bay Area is a Beijing initiative to better integrate nine Guangdong cities and the Hong Kong and Macau SARs. The One Belt, One Road initiative is President Xi Jinping's flagship trade initiative, designed to develop a new Silk Road made up of overseas trade links.
Speaking after a radio programme, Tam said Hong Kong's contribution would come from international finance, trade, transportation and aviation. She also said Hong Kong could contribute by providing highly-trained service sector professionals.
Tam also warned that if Hong Kong became a base for anti-communism, it would lose its special status.
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more