With Hong Kong’s expertise in financing and project management, experts believe the special administrative region can help build up a sound financing system for new infrastructure projects in the Guangdong-Hong Kong-Macao Greater Bay Area.
Thomas Leung, managing partner for markets at PwC China, said it’s important to put in place an effective financing system to support new infrastructure projects in the Bay Area in the initial stages, to reduce risks and ensure that risks and rewards match.
This is where Hong Kong’s expertise in gathering and distributing funds come into use, he said.
Meanwhile, with Hong Kong’s international connections, the city can quickly learn from global experience and develop a model suitable for the Bay Area’s local conditions, in terms of capital operation, legal support and project management, Leung said.
Hong Kong’s mature market-driven operations and the application of various scenarios can also reduce the risk of overinvestment and increase the effectiveness of resource allocation, Leung said.
Cao Zhongxiong, executive director of the New Economy Research Institute at the China Development Institute in Shenzhen, said that the development of new infrastructure in the Bay Area will also help upgrade Hong Kong’s competitive industries, such as fintech, modern logistics and shipping, helping the city to stay at the forefront amid a complex global environment.
