He said, "Thanks to the National Security Law and the improved electoral system, Hong Kong has transformed from chaos to stability and prosperity, and has a big role to play in the GBA and China's new round of opening-up. Three key words, namely, "development", "connectivity" and "innovation", need to be focused on, he said. Under the RCEP, the GBA faces both new opportunities and challenges. Liu Guangyuan mentioned that the achievements in the GBA have fully demonstrated China's determination to open wider to the world displayed advantages of the "one country, two systems" policy, and drawn a new blueprint of sharing opportunities together with the international community. Opportunities for Hong Kong to connect the GBA to the RCEP will remain no more than opportunities unless and until we turn them into realities - realities of economic and social progress, he said. "Therefore, the significance of the RCEP to Hong Kong lies not so much in Hong Kong itself being a producer or a consumer - we are too small at that - but in our close relationships with the mainland of China and a huge producer, assembler and ultimate consumer." The words that he would borrow today were "more proactively". As we speak, barriers between Hong Kong and the other cities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) are being lowered, one after another," he said.
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The Regional Comprehensive Economic Partnership (RCEP) is the largest free trade agreement ever forged. "We are one of the largest global trade hubs for both goods and services.
In the keynote addresses, CY Leung indicated that Hong Kong is the super-connector of the world. The conference brought together C-level senior executives from Fortune Global 500 and China 500 companies, think tanks, academics, media and experts from public and private sectors across Asia. Under the theme "Embracing New Opportunities: Connecting GBA with RCEP", the conference explored RCEP business opportunities for Hong Kong and the GBA in the long run and examined the current economic landscape. Liu Guangyuan, commissioner, the Ministry of Foreign Affairs of the People's Republic of China in the Hong Kong SAR, delivered keynote addresses, which were followed by three panel discussions. Leung, GBM, GBS, JP, vice-chairman of the Chinese People's Political Consultative Conference National Committee, and Mr. 2, 2021 /PRNewswire/ - Co-organized by China Daily and the Hong Kong Coalition, the Greater Bay Area Conference was held on Tuesday.
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