In 2023, the global economic recovery is struggling, the financial market is constantly black swans, the Fed has not slowed down its interest rate hike, and a new round of financial crisis calls have risen; In 2023, geopolitical conflicts will continue, the Ukraine crisis will be endless, the international situation will change, and trade protection will become more intense; In 2023, extreme weather phenomena and natural disasters will continue frequently, and global warming has become an imminent crisis for mankind. Major changes unprecedented in a century are accelerating, and instability and uncertainty are growing; New interpretations and games are taking place in the world pattern, and new solutions and ideas are urgently needed; The global economy needs new growth momentum to open up new space for building a community with a shared future for mankind.

On September 9, the "New Space, New Momentum - Phoenix Bay Area Financial Forum 27" hosted by Phoenix Satellite TV and was simultaneously opened in Shenzhen and Hong Kong. The two-day forum gathered a number of heavyweight guests from the political, business and academic circles of Hong Kong and Shenzhen, as well as a number of industry elites at home and abroad, who were invited to attend to explore the core of the development of the Bay Area and discuss the new momentum of China's economic development.

As the organizer of the forum, Xu Wei, Chairman of the Board and CEO of Phoenix Satellite TV, quoted a series of figures in his opening speech to illustrate the economic openness of the Guangdong-Hong Kong-Macao Bay Area: the GDP of the eleven cities in the Bay Area will exceed 2022 trillion yuan in 13, ranking among the top major economies in the world. During the same period, the total value of foreign trade in the Greater Bay Area reached US$2.5 trillion, accounting for 5% of the world's total trade.

"A more open Greater Bay Area will have broader development space and stronger growth momentum, and we hope that through the exchanges, dialogues and international dissemination of the forum, we can build a consensus on cooperation and pool the strength of all parties, so as to build a platform and broaden channels for the Greater Bay Area and exchanges between China and the world." Xu Wei said.

The Chief Executive of the Hong Kong Special Administrative Region, John Lee, delivered an opening speech for the forum. Li Jiachao said that the Greater Bay Area is one of the regions with the highest degree of openness and economic vitality in the country, with a population of more than 8600 million and a GDP of more than US$1.9 trillion, equivalent to the world's tenth largest economy, full of opportunities and huge development potential. Mr Lee also pointed out 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 center is tough and solid, which has been widely recognized internationally.

Former French Prime Minister Jean-Pierre Raffarin also praised the significance of the Bay Area economic project in a remote connection. He said, "China's Greater Bay Area strategy is a creative strategy, Hong Kong has fiscal and financial advantages, in addition to Shenzhen's innovation advantages and Guangzhou's manufacturing advantages, are important assets of the Bay Area. Giving full play to the spillover effect of large cities will not only promote the economic development of the Bay Area, but also help stimulate the vitality of South China to participate in international cooperation. ”

Wang Shourui, Vice Mayor of Shenzhen Municipal People's Government, said in his opening speech that there is great potential for cooperation between Shenzhen and Hong Kong in promoting high-quality development. He said that Shenzhen, as an important engine of the construction of the Greater Bay Area, has deeply implemented the "Bay Area Connect" project, actively docked with Hong Kong's "Northern Metropolis" development plan, and continued to improve the level of "hard connectivity, soft connectivity and heart connectivity".

On the first day of the forum, in addition to focusing on the construction of the Bay Area, a number of heavyweight guests from political, business and academic circles at home and abroad also discussed in depth topics such as "global economic trend: recovery or recession", "global crisis and local government debt", "artificial intelligence technology" and other topics, and invited authoritative experts and scholars to interpret and judge.