Tao Dong, Executive Vice Chairman and Managing Director of the Asia -Pacific Region of Cuixin Wealth Management, believes that Hong Kong will not be replaced as the foreseeable future as a financial window to the world.It cannot surpass Hong Kong. "
According to the Sing Tao Daily, Tao Dong Monday (September 4) at the "China Macroeconomic and Greater Bay Area Integration Forum 2023" held by Sing Tao News Group, the above view was published.
Tao Dong pointed out that Shanghai and Hong Kong have their own advantages, but the core advantages of Hong Kong in the Greater Bay Area and the greatest contribution to the national economy must be financially.Maintain your own unique system.He also pointed out that in order to maintain the financial center status in Hong Kong, it is necessary to integrate with the Greater Bay Area to achieve a comprehensive and seamless connection in logistics, abortion, and capital flow.
Tao Dong also quoted Xiaomi's founder Lei Jun's famous saying "Standing on the wind, pigs will fly", referring to the existing three major winds in the development of the Greater Bay Area.One is that when China is currently transformed from the industrial circle to the financial circle, the Greater Bay Area has low cost and engineer dividends, etc., which can establish a wind outlet with China's core advantages. "Although it is difficult but feasible."
The second is that the internal circulation will be the air outlet of the next 20 years, and the third outlet will be the era of innovation and technology information.Tao Dong believes that although artificial intelligence chat robots such as ChatGPT will still be unknown whether there will be in the future, it has now caused "panic investment" in the innovation technology industry.He believes that if China, especially the Greater Bay Area,, do not have to worry about the problem of enterprise migration in the artificial intelligence manufacturing industry.
Tao Dong also said that he was cautious and optimistic about China's future economic development, but it also admitted that this round of stimulus measures did not drive the overall economy.He believes that this is mainly because "passive deleveraging" occurred when corporate liabilities and property prices fell, so that consumers felt that financial management was a dangerous behavior, and had no confidence to borrow money, and they all repaid all of them.
He bluntly said that forced deleveraging cannot be avoided. How to deal with debt issues is the key, and it is said that if Hong Kong holds the international financing platform, it will also be a great help for the Chinese economy.
Xu Zhengyu, director of the Hong Kong Financial Affairs and Treasury Bureau, and the Assistant President (Foreign Affairs) of the Hong Kong Financial Administration, also attended the forum and spoke.
