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Sunday, March 03, 2019, 18:08
Tencent CEO proposes bank, university for Greater Bay Area
By Wang Yu & Cheng Yu
Sunday, March 03, 2019, 18:08 By Wang Yu & Cheng Yu

Tencent founder Pony Ma said the Greater Bay Area needs to be further tapped with the development of more educational and financial resources. (PHOTO / XINHUA)

BEIJING – Tencent founder Pony Ma has proposed building a development bank and university for the Guangdong-Hong Kong-Macao Greater Bay Area.

(By setting up the bank), we hope that more foreign capital can be attracted to invest in technology and innovative industries. 

Pony Ma, Chairman and CEO, Tencent

The Tencent chairman and CEO made the remarks on the sidelines of the ongoing annual two sessions in Beijing on Sunday.

A deputy to the 13th National People's Congress, Ma suggested that a Greater Bay Area development bank could focus on fintech products and services, and could encourage further industrial development in the area.

READ MORE: Tencent's Pony Ma launches guidebook for Bay Area future

"(By setting up the bank), we hope that more foreign capital can be attracted to invest in technology and innovative industries," he said in his proposal.

He also suggested building a Greater Bay Area university, with the aim of nurturing high-end talent for the good of the region.

ALSO READ: HK welcomes Greater Bay Area development blueprint

The Greater Bay Area needs to be further tapped with the development of more educational and financial resources, said Ma.


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