Advertisement

Opinion | How to ensure Hong Kong’s youth capture Qianhai’s opportunities

  • The Hong Kong government needs a concrete plan to capitalise on the expanded zone in Shenzhen
  • Qianhai could offer young Hongkongers the jobs they crave, along with the bustle of city life, green space and a chance to own a home

Reading Time:3 minutes
Why you can trust SCMP
1
A view of the Qianhai economic zone on August 25, 2020, in Shenzhen, Guangdong. The Qianhai plan is visionary, strategic and groundbreaking. Photo: Getty Images

Economic development policies are, in essence, policies for youth. With their energy and positive outlook, young people often have ambitious goals and are eager to make their mark on society. Hence, they are more likely to take up the key role of driving the economy while also becoming one of the greatest beneficiaries of that economic growth.

Advertisement
In this context, Beijing’s plans for Hong Kong, as part of the recently announced expansion of the Qianhai economic zone, is great news, particularly for the 1.6 million citizens aged 15-34 in Hong Kong. As development of the Greater Bay Area accelerates, the Qianhai plan is an invitation for young Hongkongers, who account for 22 per cent of the local population, to jump into the driving seat.
The Qianhai plan is visionary, strategic and groundbreaking. It aims to break the barrier between Hong Kong and Shenzhen, creating a new market in Qianhai to encourage reforms, stimulate demand and create new opportunities for people and companies in Hong Kong, Shenzhen, across the Greater Bay Area and beyond.

This new market will be a platform for innovation and experiments in reforms for growth sectors including modern services, international trade, high-end technology, artificial intelligence, maritime services, green finance, health care, creative culture, and legal and dispute resolution services.

The plan guides local governments in establishing the necessary conditions and enhancing the operating environment for Qianhai to attract more private-sector participation and private investment. It also offers tangible support in proposing to increase the size of the Qianhai cooperation zone from 14.92 sq km to 120.56 sq km.

04:55

China’s Shenzhen city builds giant air-conditioning system to cool entire Qianhai economic zone

China’s Shenzhen city builds giant air-conditioning system to cool entire Qianhai economic zone

All this is highly relevant to the youth of Hong Kong. It is important to connect the dots between the opportunities in Qianhai and the expectations of young people because local governments need to formulate measures to attract more young people to join and engage in this critical mission of economic development. At the moment, this topic is not widely discussed among Hong Kong youth.

loading
Advertisement