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Hong Kong finance chief Paul Chan calls for more ‘open interactions’ and tech collaboration between China, US bay areas

  • Hong Kong finance chief sums up four-day trip to the United States in weekly blog
  • ‘Pragmatic topics’ such as carbon markets, sustainable finance and talent development are good starting points for cooperation, he says

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Finance chief Paul Chan delivers a speech on May 29 in Berkeley to promote collaboration between the San Francisco Bay Area and the Guangdong-Hong Kong-Macao Greater Bay Area. Photo: ISD

Hong Kong’s finance chief has called for more “open interactions and collaborative innovation” between the bay areas of China and the United States, pointing to interest from local and American companies in exploring each other’s markets for potential clients.

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Summing up his four-day trip to the US, Financial Secretary Paul Chan Mo-po on Sunday also said “pragmatic topics” were a good starting point for cooperation, referring to memorandums signed with partners in areas such as carbon markets and sustainable finance, as well as in youth exchanges and talent development.
He recalled his meetings with Silicon Valley tech companies and entrepreneurs from Hong Kong start-ups.

The latter were selected and supported by the Hong Kong Science Park to take part in a six-month exchange programme with their Silicon Valley counterparts, as well as with other tech companies from the wider San Francisco Bay Area.

“[Entrepreneurs] all recognised the abundant opportunities in each other’s bay areas. They expressed great interest in accessing potential new customers and exploring collaboration in each other’s markets,” Chan said in his weekly blog.

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He added that the potential for such collaboration was not coincidental but “stemmed from the respective characteristics and advantages” of both bay areas, which “attract each other”.

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