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CCTV Financial and Economic Hong Kong Forum highlights tech innovation, regional development

China

China

China

CCTV Financial and Economic Hong Kong Forum highlights tech innovation, regional development

2024-12-31 06:27 Last Updated At:19:57

The 14th CCTV Financial and Economic Hong Kong Forum, held on Monday in Hong Kong, focused on extensive discussions on how technological innovation can lead to new quality productive forces, and on how to promote the greater development and prosperity of Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area in the new era.

The forum , co-organized by the CCTV Economic Program Center and the Hong Kong Ta Kung Wen Wei Media Group, was held with the theme "Technological Innovation Drives New Quality Productivity."

Chief Executive of the Hong Kong Special Administrative Region (HKSAR) John Lee and President of China Media Group (CMG) Shen Haixiong attended the event via video link.

"Hong Kong serves as a new international gateway for innovation and technology, [benefiting] from the vast support of the Greater Bay Area and the whole China as a solid foundation for development, application, and financing of innovation and technology," said Chan Yung, a Hong Kong deputy to the National People's Congress.

In recent years, the HKSAR government has prioritized fostering innovation through resource integration and complementary advantages to promote upstream and downstream collaboration within the innovation and technology sector. The deep integration of the Greater Bay Area has also provides a fresh impetus for fostering new quality productive forces.

"By leveraging Hong Kong's strengths and unlocking its potential, the region can generate continuous momentum for growth," said Tam Kam-kau, a Hong Kong member of the National Committee of the Chinese People's Political Consultative Conference.

"The forum has built a professional bridge for cross-regional financial exchanges, providing a platform for participants from different fields to conduct exchanges on collaboration and development. It has also precisely focused on the cutting-edge and highly leading theme of technological innovation driving new quality productive forces," said Li Sheng, deputy secretary of the Working Committee of Lize Financial Business District of Beijing.

The CCTV Financial and Economic Hong Kong Forum is an annual flagship event created by the Economic Program Center of the China Media Group and the Hong Kong Ta Kung Wen Wei Media Group, providing a vital platform for high-level economic dialogue and an authoritative window for interpreting China's economic policies to the outside world.

CCTV Financial and Economic Hong Kong Forum highlights tech innovation, regional development

CCTV Financial and Economic Hong Kong Forum highlights tech innovation, regional development

CCTV Financial and Economic Hong Kong Forum highlights tech innovation, regional development

CCTV Financial and Economic Hong Kong Forum highlights tech innovation, regional development

CCTV Financial and Economic Hong Kong Forum highlights tech innovation, regional development

CCTV Financial and Economic Hong Kong Forum highlights tech innovation, regional development

China's services sector showed a mild recovery in February, with the non-manufacturing PMI climbing to 49.5, official data showed Wednesday.

The reading, a sub-index of the PMI, rose 0.1 point from January, while the climate index remained flat, according to the National Bureau of Statistics (NBS).

Driven by the Spring Festival holiday, business volume in accommodation, catering, entertainment and tourism surged, with activity indices all exceeding 60. Retail and air transport also strengthened, with their indices rising above 50 and 55 respectively.

"In terms of market expectations, the services business activity expectation index remains in the high expansion range above 55 percent, indicating an optimistic outlook among service companies amid recent market developments," said Huo Lihui, director of the Business Climate Survey Division of Service Survey Center under the NBS.

Additionally, the financial sector continued to bolster the real economy, with both the Business Activity Index and New Orders Index for monetary and financial services staying above 60 for three straight months. This signals sustained strength in bank credit and market demand, highlighting banks' ongoing support for the real economy.

Looking ahead, the business activity expectation index for financial services remains elevated, above 65.

China's services sector posts mild rebound in February as non-manufacturing PMI rises

China's services sector posts mild rebound in February as non-manufacturing PMI rises

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