Chen Maobo: Hong Kong is actively working on city cooperation with the Greater Bay Area, focusing on areas such as artificial intelligence, biotechnology, and new materials.

Hong Kong Financial Secretary Paul Chan Mo-po mentioned during a speech at the International Financial Leaders Investment Summit that Hong Kong is committed to collaborating with cities in the Greater Bay Area to develop Hong Kong into a center for innovation and technology. They are particularly focused on areas such as artificial intelligence, biotechnology, and new materials. The "Greater Bay Area International Clinical Trial Center" is set to be launched in Lamma Island by the end of the year, which is believed to attract more biotechnology companies to enter the mainland market. They also hope to establish a primary registration agency for drugs and medical devices to ultimately promote the recognition of pharmaceuticals and medical devices in the mainland. Paul Chan Mo-po also mentioned that Hong Kong is dedicated to developing the ASEAN market and the global southern market. With rapid growth and continuous expansion of the middle class in the region, businesses are constantly seeking funding for expansion. In light of changing geopolitical situations, the region is also looking to strengthen its connection with Hong Kong. He emphasized that the development of innovative technology requires talent and funding, and the government's talent attraction program has received positive responses. Through the establishment of the Hong Kong Investment Management Company as Hong Kong's "patient" capital, they aim to seek strategic investment opportunities that will enhance Hong Kong's competitiveness and returns, providing key support to related industries and guiding private capital investment. He pointed out that there have been misconceptions about Hong Kong in recent years, especially regarding capital outflows. However, international investors continue to have confidence in Hong Kong, with continued growth in bank deposits, assets, and wealth management businesses. Over half of the assets under management in Hong Kong are from overseas investors, indicating that Hong Kong remains vibrant as an international financial center, fostering dynamic development for investors and businesses.