Name: Innovation And Integration In The Greater Bay Area
Uploaded: 2019-11-07
Duration: 24 min 21 s
Description: Learn about actual business plans, prospects and progress from a local business leader, a global bank executive and an infrastructure expert.

So I'm thrilled to be able to just introduce briefly our two guests here. Mr. Li Chuyuan is the chairman of Gwangju Pharmaceuticals. Is one of the most dynamic, successful and profitable companies here in Qualcomm. And Leader Hung who's from Singapore who is a specialist in civil engineering and urban planning. And he's on leave this year to work with a company that specializes in AI, facial recognition and is doing all kinds of interesting things associated with urban planning. And smart cities that is called PC tech. PCI PCI tech. Okay, sorry. And so our topic is the greater Bay Area and innovation and integration in the greater Bay Area. The most of the people in this audience will be familiar With this term, the greater Bay Area. I think sometimes for our friends from the San Francisco Bay Area, they get a little bit offended by that term. They said what are we the lesser Bay Area? [ LAUGH ] But, the sheer numbers and the scale of what's being contemplated here. In Guangdong, would suggest that in fact, San Francisco is very much in danger of becoming the lesser bay area, because what's been planned is for a region that will include nine cities, to special administrative regions, Hong Kong and Macau, takes in 70 million people, That's the population of the UK and Canada combined. Even though the the actual square footage of this area is only 1 % of Greater China, the GDP output is about 12 % and includes many of the richest cities In China, so it's an astonishing undertaking to try to integrate all these areas and yet, within it, there are still a lot of differences. There are different dialects. There are different transportation systems in Hong Kong, they drive on a different side of the road than they do here. Lots of different legacy institutions to, to integrate. So want to talk a little bit about how to how to stitch all those things together. Sherman Lee, I wonder if we could begin with you. Because obviously as a leading company in Guam, Joe and Guangdong, you're at the forefront of integrating The region and I know you've made some very interesting investments in Macau. And I wonder if you could talk a little bit about growing Joe's role in the greater Bay Area, and specifically, your investment in Macau. [ BLANK_AUDIO ] Thank you. I'm very thrilled that to our Guangzhou Pharmaceutical Holdings is the presenting partner. Actually it's a kind of a pre destiny between us and Fortune. Because it's the third consecutive or Fortune Global tech forum held in Guangzhou. Is also my third time attending the event. Just now Klay mentioned about greater Bay Area in the worldwide that are for. [ UNKNOWN ] Bay Area. One is in San Francisco featured in the science technology, second one is New York Bay. It's more on the business operation. The third one is Tokyo Bay Area featuring industry and also city clusters. For all going to Hong Kong Macau greater bay its a finance scientific technology class industry, so all you want. So for greater bay areas has its unique teachers for our greater bay are. It's very promising and has a bright future because the larger size scale as you mentioned the bigger population, very diversified industry resources Gundam, Macau, Hong Kong, a lot of policy advantages and the strength In Guangzhou [ BLANK_AUDIO ] among the greater bay area is fair to say, it's the central peace, central city, the advantage for Guangzhou [ BLANK_AUDIO ] is special, unique industries and the very sharp culture features It's tier one city from the industry point of view in Guangzhou In the first three quarters the total GDP reached 1. 7 899 trillion RMBUN enjoy the 6. 9 percentage increase. Among the greater Bay Area is one of the rapids develop cities for the four tier one cities It's the number one with regard to increase much higher than the Shenzen, Shanghai and Beijing. For our Guangzhou pharmaceutical holdings we can showcase this trend where the largest pharmaceutical company in China is largest TCM. Producer worldwide from January to September, our revenue exceeded more than 100 billion sorry. And by the end of this year we would exceed 130 billion RMB. Among all the major tier one cities We have a lot of comments, some people would say Shanghai feature. [ BLANK_AUDIO ] Beijing is the whole world. Shanghai is just the second then the heavens sky. But what's the nickname for. Gwangju, Gwangju is the most livable city. It's very livable and good for startups more than 2000 years ago, the sudden, Gwangju Emperor even 2000 years ago. He died after age of 103 years old and he was in the emperor position for 63 years, 103 years old number one [ UNKNOWN ]. 67 in the position as the emperor 67 years and he passed out he's the emperor to the grandson because he's he outlived his son so Guon Joe is a longevity city And the greater bay area is a longevity area and we should give credits to the house and wholesome habitats lifestyles as well as the pharmaceutical industries in the region In Guangzhou, we have several special features. The first is called the red culture, TCM culture, and innovation culture, creativity culture, So very strong features, is very suitable for living and the for starting up your business, talking about Guangdong, Hong Kong and Macau, greater Bay Area. Recently, [ UNKNOWN ] pharmaceutical holdings Is planning to relocate our headquarter in Macau as Klay invited me to talk a little bit more of the Macau. We wanted to establish international headquarters in Macau. We want to. Promote the diversification of the industries in Macau. It was a call and instruction from President Xi Jinping. It's also our future's development priority for the Guangzhou Pharmaceutical Holdings. The initial investment was 1. 5 billion RMB. Yeah, this is the initial stage we use this a special place as Macau, because one country two systems that as a lot of favorable policies, and the institutions, we would use [ FOREIGN ] as the industry base And also make full use of Macau's in Portuguese culture and use BRI belt and road initiative to further make the Guangzhou pharmaceutical holdings going global. [ FOREIGN ] And make more contributions to the greater Bay Area. We all know that [ UNKNOWN ] [ FOREIGN ] Among the greater bay area were featured also in R & D innovations. Globally, we even have our advantages and very promising potentials this morning. Our mayor, when mentioned also said. [ BLANK_AUDIO ] We have a national level scientific and RND base. We unveiled this as a team base. This is the only base. In this greater bay area is a very few Such a basis even worldwide, which means we have the new technological resources, for the pharmaceutical industries. During the tea break, we just released the two standards. One is international standard for [ UNKNOWN ] brand. This is an international standard The other is the gods of pharmaceutical holdings, spore oil in front of you. You can see we have the sport, all you products and other diversify the products very popular and Being welcomed. You go to each every corner of the world. Wherever there's a Chinese you can find one lousy brand because it's a double happiness and the lucky needs something like that. Thank you very much. We certainly can Find the greater at bay area to be a quite an integrated market for one lucky I think. Professor Lee let me ask you about the infrastructure piece of this because this is your specialty, I mean you've had considerable experience in designing and working with urban planning, and Singapore, one of the world's great cities. But Singapore is a, in many ways a much more. I mean, it's culturally and ethnically diverse but it's a single city and it doesn't have all these different systems and standards and legacies to integrate. So how would you compare the challenge of creating a greater barrier area to the challenge of building Singapore Thank you very much. Yeah, I've been my insert to the large extent already existed in your questions. Okay. Yeah. Because as we know, Singapore is a city is a state is an island, right? So it's a country of course, but Singapore in terms of the its geography is more unique is more unified. But in the greater bay area that we are talking about, obviously, we have Vendome as the province and we have Macau, we have Hong Kong. So just now you mentioned about the different systems. Yeah. And the different jurisdictions. Yeah. And the different practice, right? So the moment we are trying to provide just now in Chairman [ UNKNOWN ] his comments, all his remarks. I can pointed two very important things, one is a livable city. Another thing is a sustainable city. So you are not only here to work, you are also here to have your life. And this life is just another for short while is not just for yourself, but also for your family. This is how we define the sustainability in Singapore actually. So I think so back to your questions, how am I going to compare Singapore and Greater Bay Area in terms of the overall, the city configurations? Obviously, the challenge that we have been facing in Singapore is definitely different than the challenging, therefore the opportunity that the Greater Bay area Is able to enable. So yes, we have the different challenges, but I personally would even more prefer to take those challenges as the nutrition right, as the ingredients to further sustain and the prosper greater bay area to make it Into a really international place for the global economy. Mm- hm. And for the different enterprise. And I think just now I mentioned about liveable city and sustainability. And things are nowadays in China people may not have too much doubt about how to make it as the economically viable place. But the moment we talk about the [ UNKNOWN ] city. Or even talking about the sustainability, then people starting to have the question marks flying everywhere. Yeah. Okay. So I think by looking at the city that we are all currently in, which is cultural I in the past 20 years, I have spent all my time in Singapore and before that I was in Chicago, I was in Los Angeles, I was in Taipei. But if you really want me to compare the Guangzhou as the major leading city in this global area with other international city. I would say that I personally do not feel much difference. I think to the very large extent we should this to The fairly open economy and and the policy incentive. So, I think over here we do have a very good basis to turn this traditionally as an old city, an ancient city. Into a future city. So I guess my question about that is, I mean, I'm up here all the time. It's fantastic. I love coming up here. But I have to admit, it's still kind of a hassle getting back and forth between Hong Kong one fella from China and one Joe. Especially when you cross over into Hong Kong and Macau, first of all the roaming charges are murderous. [ LAUGH ] But the infrastructure which is impressive, from an urban planning standpoint still has a lot to be desired, right? You can get on the high speed rail link It's 45 minutes to get to to get to go on job but you end up in southern South Station rather than get where you want to be. Yeah. So then you've got to get a taxi and it it sort of defeats the purpose and the the Jew hi Macau Hong Kong bridge is amazing 55 kilometers. It's the longest sea crossing using bridging and tunneled technology in the world and it's a civil engineering miracle and yet, it still is not performing it anywhere near the traffic levels that it's been designed for. So What I hear is that there's a lot of individual greatness in these individual cities. And yet there still is a kind of a stickiness kind of detachment to them. It can't just be overcome by roads and bridges. Yes. Yeah, I agree. Yeah. Thank you for the questions. I think in the greater Bay areas in terms of the infrastructure infrastructure need to do a lot more. If we want to make this greater pay area which is something that we all want, okay? To make it into more coherent, enable the coherence. To enable the homogenous, right under the heterogenous, we need to go back to the basics which is the infrastructure. So infrastructure, many people they do not enable or do not combine it together too much with the technology. But with the technology, we can change our infrastructure. What kind of infrastructure that we're talking about in the greater Bay Area, just not as you mentioned, if we still need to spend that much hassles to travel from [ UNKNOWN ] To Hong Kong to Macau And the moment we reach to the train station and we have to face another challenge, which is either by the taxi or by the bus by the metro, by the other transportation means, then that would defeat the whole purpose. So the question is how to enable this coherence In the greater Bay Area by the infrastructures. The answer could be in the transportation that will be using everyday. In Hong Kong people use MTR. People in Guangzhou, in Shenzhen We use Metro, we use MRT, Mess Rapid Transit, but many people they may feel that are you talking about to us too? Am I going to ride the metro from Guangzhou to Macau to Hong Kong? Not at this moment, but it will be in the future. Shellfish means in the greater Bay Area, we want to enable this one our life circle. So you can quickly travel between the parts in this greater bay area instead of using the high speed rail. High speed rail as everyone knows yeah we all receive the benefit, we all enjoy the speedy travel but that train station is not going to be everywhere. In Guangzhou you have to go to the south stations, right? But you may have the metro station just around the corner. Yeah. So how to enable this the speed is different. So the things that we are doing in Guangzhou is to have the ordinary speed, the normal speed, we combine the with the express service. So that we can have these two different kinds of service on the same tracks. So on one hand we can rely on the benefit of the spreading MIT station at the different part of the city therefore in the greater Bay Area, so that people can travel very quickly. Yeah So in the future, very soon in the future, people can travel with the metro from Guangzhou to Zhuhai and further down to Macao. So, I think in the future it will get extended into Hong Kong, as well. Chairman Lee, one of the things that will make this work obviously is the mobility of talent and I want to ask you a little bit about You know as you build up your international headquarters in Macau you know what challenges do you face in education and can you circulate your personnel easily in between Macau and Guamdro and the other way around we've got admit it if you could give us a snapshot. [ FOREIGN ] Okay. This greater Bay Area, as I mentioned, has a huge potential for further development. Because there are many benefits. Everybody shared the same habit. They like soup, they like it's always hard to speak the theme song for breakfast, they also be contacted. This is a very good foundation in terms of the talent, this greater bay area is a very inclusive, very open, and have local talent [ UNKNOWN ]. But also world class talents, are all gather here. But for [ UNKNOWN ] city We have a may dance constant concentration of talent people, a lot of universities health care will have all the advantages human talent advantage which is very obvious especially in TCM, this greater bay area has. To master of traditional medicine all in Guangdong know each other today, why is Professor Joe another is another professor. They are the only two masters of TCM, this is our advantage. So why we want to internationalize our group. The international headquarters will be placed in the cow We think Barack Obama is like a British head internally and domestically and externally for us to easy for us to communicate in terms of the talented people is easy for us. So the talent people in Guangzhou and those in Macao can be combined in a integral way. President Xi of China said he has a positioning about my car. So we attach great importance to my car for city of [ UNKNOWN ]. So we are good at what alabi needs. So our master of this air goes to Macao to offer services. He will be more than happy to do that. He goes to lectures in Macau very often. So this can also help solve the talent issue are very grateful that fortune. The global tech forum in a possible year. Come to be convenient, wonderful starting in 2017 will be permanently located in Guam Joe. This is a great impetus to the talent people exchanges in Guam Joe. The flow of people people are learning charter also upgrade gone through technological, scientific, internationalized level great help to us. So we believe going forward since we've been getting better and better. In those efforts and and watch keenly to see and await your, your success, I want to thank both of these, Experts for helping us to understand a little bit more about the greater Bay Area's integration. Thank you very much gentlemen. [ APPLAUSE ] [ BLANK_AUDIO ]

Innovation And Integration In The Greater Bay Area

Tech

Learn about actual business plans, prospects and progress from a local business leader, a global bank executive and an infrastructure expert.