According to Odaily, Xia Zhuoling, a partner and Asia chairman at the law firm Mayer Brown, has expressed that Hong Kong should strive to become a hub for technological innovation in financial services. She emphasized the city's potential to lead globally in the field of virtual assets and complementary technologies such as blockchain and Web 3.0.
In addition, Xia suggested that Hong Kong should strengthen its collaboration with other cities in the Greater Bay Area in areas such as high-tech research and development, innovative investment, and explore opportunities in new energy, artificial intelligence, and biotechnology. This would lead to financial innovation and promote the transformation of traditional finance to support technological innovation comprehensively.
Looking forward, Xia believes that Hong Kong should leverage its unique advantages and resources to grasp the opportunities brought about by changes in the global economic landscape. She encourages active participation in the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and the 'Belt and Road' initiative. This would allow the city to seize diverse opportunities in green finance, fintech, infrastructure investment and financing, and the internationalization of the renminbi.