PANews reported on June 28 that Financial Secretary of the Hong Kong SAR Government, Chen Maobo, published a blog post on the 28th, stating that Hong Kong is not only a vital channel for attracting investment, but also a "key bond" for mainland enterprises and products to go global, as well as a "converter" of standards and rules between technological innovation and the international market. Chen Maobo said that under the national "dual circulation" development strategy, Hong Kong’s international advantages can effectively help mainland enterprises connect with global markets. The mainland’s outstanding sci-tech innovation capabilities can efficiently link up with Hong Kong’s international advantages, helping enterprises turn R&D achievements into overseas orders.
At the same time, Hong Kong can introduce international long-term funds for hard-tech enterprises in need of "patient capital," enabling investment that is "small, early, and long-term," supporting the development and growth of potential sci-tech enterprises as well as emerging and future industries. In addition, the Northern Metropolis currently under development in Hong Kong is highly compatible with the strong entrepreneurial atmosphere of cities such as Xi’an, which can form a virtuous cycle where education, technology, talent, and industry empower one another.


