Hong Kong, September 9 (ZXS) -- The "27 Phoenix Bay Area Financial Forum" opened simultaneously in Hong Kong and Shenzhen on the 2023th, inviting Hong Kong and mainland officials, business people and scholars to attend, focusing on the theme of "New Space, New Momentum", jointly exchange new space for the development of the Guangdong-Hong Kong-Macao Greater Bay Area and new momentum for global economic development, and discuss hot spots and frontiers in the fields of global economy, finance, science and technology, innovation and other fields.

The forum is co-organized by Phoenix Satellite TV and Phoenix.com, and has a number of thematic sub-forums for people in related fields to exchange views.

At the Hong Kong venue, the Chief Executive of the Hong Kong Special Administrative Region (HKSAR) John Lee Ka-chiu delivered an opening speech on Hong Kong's role under the Guangdong-Hong Kong-Macao Greater Bay Area Plan. Mr Lee said that with the institutional advantages of "one country, two systems", Hong Kong has established a stable financial system over the years, and its status as an international financial centre is tenacious and solid, and has been widely recognized internationally. As a city that combines China's and global advantages, and is also a leading international financial center in the world, Hong Kong is fully equipped to play a greater role in the financial sector of the Greater Bay Area and contribute to the high-quality development of the Greater Bay Area.

Former French Prime Minister Jean-Pierre Raffarin said in a video speech that China's construction of the Guangdong-Hong Kong-Macao Greater Bay Area is a forward-looking and creative strategic plan. The Greater Bay Area combines the strength and influence of cities in the region, and Hong Kong's fiscal and financial influence, Shenzhen's development in the creative field, and Guangzhou's commercial strength can all be strong supports for the development of the Bay Area. In the current economic environment, such regional cooperation should be further deepened to address a range of challenges.

In the keynote speech on "The Global Economy under Multiple Tests", Acting Financial Secretary Wong Wai Lun of the Hong Kong SAR Government said that the tightening of monetary policy and the wave of de-globalization by major central banks in Europe and the United States will remain the main challenges facing Hong Kong's economy in the future. Therefore, Hong Kong will further connect with the Greater Bay Area and strengthen co-operation with other cities in the region in areas such as finance and technology. It will also play a bridging role connecting the Mainland and the world, actively attracting investment and talent, and attracting international investors to enter the Mainland market through Hong Kong. In addition, Hong Kong is also applying to join the Regional Comprehensive Economic Partnership (RCEP), striving to strengthen ties with emerging economies and tell Hong Kong's story well.

At the forum in Shenzhen, Wang Shourui, Vice Mayor of Shenzhen Municipal People's Government, delivered an opening speech, and Lou Jiwei, former Minister of Finance of China, delivered keynote speeches.

On the opening day, three breakout sessions were held at the Hong Kong venue of the forum, which discussed global financial development and opportunities in the Bay Area, Hong Kong's capital market and global capital flows, and artificial intelligence development. (End)