Too Much Integration Could Be Bad: Michael Tien

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

"); });
2019-02-21 HKT 14:40
A local deputy to the National People's Congress, Michael Tien, warned on Thursday that it won't be plain sailing as Hong Kong starts its integration into the Greater Bay Area and some sectors may be better left untouched.
Speaking after attending a symposium in Hong Kong on the development plans, Tien said it will be tricky to iron out some of the differences between the SAR and the 10 other bay area cities.
Tien, who is also a Roundtable lawmaker, said he thinks it will be good for Hong Kong to integrate further with the mainland in some areas. But he said there are some domains, such as law enforcement and medical services, where too much integration could be problematic.
"In terms of economic integration, there will not be a lot of resistance to it. Although, whether everything can be truly two-way, I believe is a challenge for Hong Kong," Tien said.
"Just think about it. If we were to further develop medical penetration in the Pearl River Delta area, we would have to send doctors up there. We don't even have enough doctors ourselves."
Tien said officials should listen to the views of the public and act prudently when dealing with such thorny issues.
2025 Hong Kong Fintech Report: What You Need To Know
Hong Kong is hitting the gas when it comes to fintech innovation, regulation and adoption. From the passage of the Stab... Read more
DigiFT Secures SFC Licenses To Offer Tokenised Asset Services In Hong Kong
DigiFT, a Singapore-based digital asset platform focused on institutional-grade tokenised real-world assets (RWAs), has... Read more
JCB Contactless Cards Now Accepted On Shanghai And Beijing Subways
Japan’s JCB has announced that JCB cardholders can now use their contactless cards to access the subway systems in Sh... Read more
Hong Kong Sets Out Next Phase Of Digital Asset Policy
Hong Kong’s Financial Services and the Treasury Bureau (FSTB) has issued an updated policy statement setting out the ... Read more
Hong Kong Overtakes Singapore In Wealthtech Adoption
Across Asia-Pacific (APAC)’s key wealth management hubs, Hong Kong is emerging as the frontrunner in wealthtech, over... Read more
Chinas AI Capex To Hit 700 Billion Yuan In 2025 Amid US Tech Rivalry
Capital expenditure on AI in China is expected to reach between 600 billion yuan and 700 billion yuan (US$84 billion to... Read more