Director of the Hong Kong Economic and Trade Office (Toronto) (HKETO), Miss Kathy Chan, attended the 2018 Inauguration Gala of the Toronto Chinese Business Association on October 13 and the Phoenix Ball organised by the Mississauga Board of Chinese Professionals and Businesses on October 14.
Speaking at the galas, Miss Chan thanked the two associations for working closely with HKETO over the years to encourage Canadian entrepreneurs to explore the enormous market of Mainland China through Hong Kong.
Miss Chan updated the participants on the latest developments of the Guangdong-Hong Kong-Macao Bay Area (Greater Bay Area). “The Greater Bay Area is a mega city cluster comprising the Hong Kong and Macao Special Administrative Regions (SARs) as well as nine cities in the Guangdong Province, with a population of 69 million and a GDP of more than US$1.5 trillion,” she said. As policy breakthroughs would soon be announced to facilitate the movement of people, goods and capital between Hong Kong and other cities in the Greater Bay Area, Miss Chan remarked that businesses operating in Hong Kong would undoubtedly benefit from the vast opportunities arising from the Greater Bay Area development. Given the importance of the Greater Bay Area, the Chief Executive of HKSAR Mrs. Carrie Lam recently announced in her 2018 Policy Address that a high-level Steering Committee for the Development of the Greater Bay Area will be established within the government, with her as the chairperson and its membership comprising all Directors of Bureau. The Steering Committee will be responsible for the overall co-ordination of matters relating to the HKSAR’s participation in the development of the Greater Bay Area.
Before closing, Miss Chan highlighted that Hong Kong’s connectivity with Mainland China, especially other cities in the Greater Bay Area, would be greatly enhanced by two mega infrastructure projects that would come into operation this year. The Hong Kong Section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link, just commissioned in September, connects Hong Kong with the 25 000 km national high speed rail network, while the forthcoming Hong Kong-Zhuhai-Macao Bridge would significantly reduce travelling time between Hong Kong and the western Pearl River Delta.