As Hong Kong marks the 28th anniversary of their return to China, the city’s vibrant ecosystem is stepping into the spotlight as a key innovation bridge for the Greater Bay Area.
Johnny Ng Kit-chong, a member of the National Committee of the Chinese People’s Political Consultative Conference and of the Legislative Council for the Hong Kong Special Administrative Region, reflects on how Hong Kong’s global mindset and robust legal framework foster deep ties with cities on the Chinese mainland.
“Hong Kong’s strength lies in its ability to connect international capital, talent and ideas with the dynamic markets of the mainland,” Ng says. From fintech and biotech to smart city solutions, entrepreneurs in Hong Kong are collaborating with partners in Shenzhen, Guangzhou and beyond to turn bold ideas into reality.
He highlights a cross-border accelerator program that brings mainland startups to Hong Kong’s co-working spaces, where they gain access to mentorship from global investors and local industry experts. This hands-on exchange has become a catalyst for innovation, powering ventures that address challenges from healthcare to renewable energy.
Data-driven insights reveal that such collaborations have not only spurred new businesses but also created jobs and boosted regional GDP. Ng notes that young founders are increasingly drawn to Hong Kong for its transparent regulations and gateway status, enabling them to scale rapidly across borders.
Looking ahead, Ng envisions the innovation bridge expanding into green technology and digital infrastructure. “Sustainability and smart mobility will define the next chapter of the Greater Bay Area,” he predicts, urging policymakers to streamline cross-boundary partnerships and nurture a culture of experimentation.
As the Greater Bay Area evolves, Hong Kong’s role as an innovation bridge promises to unlock fresh opportunities, empowering a new generation of changemakers across countries and regions.
Reference(s):
Hong Kong: The innovation bridge driving the Greater Bay Area forward
cgtn.com
