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Hong Kong can connect Greater Bay Area with world, much like San Francisco’s role in Bay Area, US think tank says
- Both cities are meeting grounds, says US think tank Bay Area Council Economic Institute in report issued with the Hong Kong Trade Development Council
- This is the first time an American think tank has been asked to draw up such a report
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Hong Kong can connect the Greater Bay Area with the rest of the world, much like San Francisco’s role in the San Francisco/Silicon Valley Bay Area.
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Both cities are meeting grounds, according to a joint report released by US think tank Bay Area Council Economic Institute and the Hong Kong Trade Development Council (HKTDC). The report, “Bay to Bay China’s Greater Bay Area Plan and Its Synergies for US and San Francisco Bay Area Business”, released in the US overnight on Thursday, focuses on the connections between the two regions.
“San Francisco is the meeting ground between Asia and the US, Hong Kong is the meeting ground for other countries and mainland China,” said Sean Randolph, the report’s lead analyst and senior director at the institute.
The report aims to analyse the economic and innovation potential of the Greater Bay Area project, and to examine synergies with the Bay Area that might facilitate collaboration beyond the long-standing relationships the US region already enjoys with China – and Hong Kong in particular. This is the first time an American think tank has been asked to draw up such a report.
“We wanted to know their views on the Greater Bay Area,” said Nicholas Kwan, director of research at HKTDC. The council commissioned the report, which was researched and compiled by the institute.
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