PoD Research Institute

There is a time limit for foreign capital to be temporarily withdrawn and returned

The spread of the epidemic has remained at a low level, and Hong Kong has been continuously integrating with international activities. "Hong Kong is back" is the theme of many international high-level summits and exhibitions. Chief Executive Lee Ka-chiu added an "Office for Introduction of Key Enterprises" in his first policy address, which will undertake this series of external exchanges and take the initiative to attract foreign investment. The current government loves to talk about KPIs, but the latest foreign investment survey by the Census and Statistics Department found that the number of companies in Hong Kong has turned from rising to falling, falling below 9,000. This confirms that Hong Kong’s attractiveness has faded slightly, and it is necessary to step up efforts to reverse the trend and maintain Hong Kong’s international business. business status.

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If Hong Kong continues to waste time, there is no guarantee that it will not be surpassed by other key regions in the Greater Bay Area.

Currently, there are four major cooperation platforms between Hong Kong and the Greater Bay Area: Qianhai in Shenzhen, Hengqin in Zhuhai, Nansha in Guangzhou and the Shenzhen-Hong Kong Loop. Their development plans have been released. The development of each region is different. Do you know their current situation?

If Hong Kong continues to waste time, there is no guarantee that it will not be surpassed by other key regions in the Greater Bay Area. Read More »

Say goodbye to neoliberalism

Hong Kong has always been a bastion of neoliberalism. In order to create a level playing field, the government rarely actively intervenes in the market. The government has locked fiscal expenditure at 20% of GDP. Even though the expenditure has increased slightly in recent years and has slightly broken this golden rule, it still adheres to the "big market, small government" principle. Constrained by governance philosophy and financial resources, Hong Kong has never had a strong industrial policy and can only passively expect the business community to respond to the government's vision. Li Jiachao issued his first "Policy Address" to lead the industrial layout and proactively attract investment, reflecting that the new government will break the inertia of "active non-intervention".

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Transplanting Hong Kong-style life promotes moving north to retire

It used to be a habit for Hong Kong people to return to their hometowns for retirement, and there are also housing estates where Hong Kong people live in Zhongshan, Shunde and other places. The living spaces in mainland cities in the Greater Bay Area are comfortable and spacious, and the food and life culture are similar, which attracts many Hong Kong people to go north to live and recuperate. At present, Hong Kong elders can enjoy preferential treatment for the elderly from local residents by presenting Mainland Elderly Cards. The “money goes with everyone” policy provides portable welfare measures so that they do not have to give up Hong Kong’s various subsidies even if they move to the mainland, making the Greater Bay Area an ideal place for retirement.

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What is the situation like for young people to develop in the Greater Bay Area?

More and more young people from Hong Kong are interested in finding jobs in the Greater Bay Area, but the job market has always been fiercely competitive, with both mainland graduates and international talents from all over the world. What is the current situation of job hunting for young people in the Greater Bay Area?

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Three major platforms in the Bay Area deepen cooperation between Guangdong, Hong Kong and Macao in three years

The outline document for the development of the Greater Bay Area focuses on spatial layout and economic planning. For many ordinary people, it is a top-level design and may not be able to see its meaning. Substantial progress needs to rely on major cooperation platforms such as Shenzhen Qianhai, Zhuhai Hengqin, Guangzhou Nansha and the Shenzhen-Hong Kong Loop before the public can see the results. He Lifeng, director of the National Development and Reform Commission, once proposed "targeted selection of major cooperation platforms." The "Qianhai Plan" and "Hengqin Plan" were released last year, and the "Nansha Plan" also caught up this year, with many projects achieving minor successes. .

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Two Xi speeches

President Xi Jinping inspected Hong Kong and delivered a speech that became a study book for officials and all walks of life. All previous July 1st speeches, including Xi Jinping's five years ago, have described Hong Kong's return as a great achievement or a great achievement that "will shine in the history of the Chinese nation". This year's change to the "Century of Struggle" led by the Communist Party of China is the first time that the history of Hong Kong is described from the party's perspective. Naturally, it is related to the inclusion of "one country, two systems" in the third "Historical Resolution" of the Communist Party of China at the end of last year. Leaders' speeches are authoritative materials for interpreting the central government's policies. It is worth comparing Xi's two speeches to consider their implications for the "one country, two systems" policy.

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Competition among Hong Kong youths heading north is fierce

The development potential of the Greater Bay Area is huge. Information about the nine cities in Guangdong Province is gradually circulating in Hong Kong, and many success stories are attracting citizens to travel north. More and more young people from Hong Kong are interested in finding jobs in the Greater Bay Area. Mainland employers are undoubtedly hungry for talent. However, the job market has always been fiercely competitive, with both mainland graduates and international talents from around the world. It is not easy for Hong Kong youth to stand out, and people are concerned about whether they can seize development opportunities and build personal careers.

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