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Former Hong Kong Stock Exchange Chief Envisions Tech-Driven Mobility Revolution in Greater Bay Area

Charles Li Xiaojia, the former Chief Executive of the Hong Kong Stock Exchange, has unveiled an innovative vision for fostering enhanced mobility within the Greater Bay Area (GBA) through the strategic deployment of advanced technology. Speaking at a conference organized by DBS, Li articulated a forward-thinking proposal aimed at facilitating seamless travel for various groups, including business professionals, across the GBA while ensuring adherence to tax, emigration, and labor regulations.

Former Hong Kong Stock Exchange Chief Envisions Tech-Driven Mobility Revolution in Greater Bay Area

Li's proposal centers on harnessing cutting-edge technologies, including facial recognition, to overcome geographical barriers and promote interconnectivity within the GBA. Highlighting the significance of facilitating movement, Li emphasized that the exchange of people, capital, and ideas between Guangdong, Hong Kong, and Macau lies at the core of the region's growth and dynamism.

The GBA, encompassing two special administrative regions and nine cities, represents a burgeoning economic powerhouse with immense potential. Li's proposition aligns with the broader strategic objectives of transforming the GBA into a globally competitive hub by enhancing cross-border interactions and promoting a seamless flow of resources.

In his role as the former CEO of Hong Kong Exchanges and Clearing and co-founder of the financial technology platform Micro Connect, Li brings a wealth of expertise to his proposal. He emphasized that while the internet has revolutionized the exchange of ideas, technology's role in facilitating physical mobility remains pivotal for achieving holistic interconnectivity.

Li contended that the GBA master plan must address real-world challenges that impede the movement of individuals within the region. By strategically leveraging technology to overcome these barriers, Li envisions a future where businesspeople, students, and other groups can traverse the GBA effortlessly, fostering collaboration and nurturing innovation.

The former stock exchange leader also shed light on the role of finance in driving regional development. Li noted that Hong Kong and Macau could serve as pivotal connectors between international venture capital and GBA-based companies, particularly those in high-tech industries. Emphasizing the value of overseas capital infusion, Li highlighted the potential for fresh perspectives and novel ideas to fuel the growth of local enterprises, ultimately contributing to their global expansion.

Li's visionary proposal has garnered attention amid the growing local and international interest in the GBA's trajectory. Regarded by some as the "future of Asia," the GBA's significance is underscored by Beijing's ambitious goal to elevate the region's economic prowess to rival established global economic hubs by 2035.

Li's forward-looking approach addresses the evolving landscape of business and technology, positioning the GBA as a fertile ground for innovation and growth. By integrating advanced technology into the fabric of mobility and connectivity, Li's proposal aligns with the broader mission of creating a vibrant and dynamic ecosystem within the GBA.

As China continues to make strides in its quest to realize the GBA's full potential, Li's proposal serves as a testament to the transformative power of technology in shaping the region's future. By seamlessly blending technological innovation with strategic economic development, the GBA could pave the way for a new era of cross-border collaboration, economic prosperity, and global influence.

In a world increasingly defined by interconnectedness, Charles Li Xiaojia's visionary proposal offers a glimpse into the transformative potential of technology, highlighting how a seamless flow of people, capital, and ideas could redefine the landscape of the Greater Bay Area and position it as a trailblazing model for regional development in the 21st century.



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