Svmuu News: Paul Chan Mo-po, Secretary for Finance of the Hong Kong Special Administrative Region Government, stated in a blog post on the 28th that Hong Kong is not only an important channel for attracting investment but also a “key link” for mainland enterprises and products to enter the international market, as well as a “converter” of standards and rules between technological innovation and international markets. Paul Chan noted that under the nation’s “dual circulation” development strategy, Hong Kong’s international advantages can effectively assist mainland enterprises in connecting with global markets. The mainland’s outstanding scientific and technological innovation capabilities can synergize efficiently with Hong Kong’s international strengths, helping enterprises transform R&D outcomes into overseas orders.
At the same time, Hong Kong can channel international long-term capital to hard-tech enterprises in need of “patient capital,” enabling “small-scale, early-stage, and long-term investments” to support the growth of promising tech companies as well as emerging and future industries. Furthermore, the Northern Metropolis currently under development in Hong Kong aligns closely with the vibrant entrepreneurial ecosystems in places like Xi’an, creating a virtuous cycle in which education, technology, talent, and industry mutually reinforce one another. (Xinhua News Agency)