Greater Bay Area offers Hong Kong many benefits, but focusing on logistics services would be a mistake
Though there are still many tough nuts to crack, Hong Kong stands to gain a lot from the development of the central government’s scheme to link the cities in the Pearl River Delta region into an integrated economic hub. Hong Kong’s role in the initiative is anticipated to be providing professional services such as actuary services, international law consultation and financial services.
Some experts believe Hong Kong should concentrate on providing logistics services as the city already excels in this area. We also have the very busy Hong Kong International Airport, through which goods are transferred to other countries.
However, I disagree with this idea as logistics is a relatively low-value-added industry compared to innovative technology and data analysis. Moreover, the potential for the development of logistics in the other cities of the Greater Bay Area, such as Guangzhou and Shenzhen, is higher.
Nevertheless, if Hong Kong focuses on its core strengths, it stands to reap economic benefits from the Greater Bay Area, which is why, regardless of political stance, the initiative should be supported.
John Hung, Po Lam