Xiaochen Zhang, president of FinTech4Good, discusses China’s Greater Bay development plants with CGTN’s Sean Callebs. In the discussion, Zhang points out a number of fey factors to consider with regards to these developments and how production in the area is going to increase significantly as a result of this:  Three strategic initiatives in China: Belt and Road Initiative, Xiongan Development Plan and China’s Greater Bay Area. With 2 special administrative regions and 9 cities, it creates a new economic development hub for future growth Hongkong will serve as a finance and trade center which Macao is the tourist center to attract the world talent to the region. Shenzhen will strengthen its role as a high tech hub while Guangzhou takes on an administrative role for regional coordination. With 5G, blockchain, smart manufacturing and other emerging technologies, new infrastructure will be built to enhance physical connectivity in the region. International collaboration will be a key driver for the emergence of such an economic development hub. Greater Bay Area Developments By 2022, a new framework is expected to have been developed through which a first-class bay area in Hong Kong will be developed to meet the needs of the new and growing Fintech sector in Hong Kong. The area already has a combined gross domestic product of $1.5 trillion and thus, this development is only expected to accelerate that growth further. CTGN have discussed the bulk of this framework: “It has 11 chapters, namely the background of the plan, the overall requirements, the spatial layout, developing an international innovation and technology hub, expediting infrastructural connectivity, building a globally competitive modern industrial system, taking forward ecological conservation, developing a quality living circle for living, working and traveling, strengthening cooperation and jointly participating in the Belt and Road Initiative, jointly developing Guangdong-Hong Kong-Macao cooperation platforms, and the implementation of the plan.” Furthermore: “It says that by 2022, the combined strength of the Greater Bay Area should increase substantially, the cooperation among Guangdong, Hong Kong and Macao should be deepened and broadened, and the internal driving forces for development should be further enhanced in the region.” By 2035, the redevelopments should have allowed the Greater Bay Area to have developed its own economic system, based around innovative technologies such as Fintech and Blockchain.