Macau (MNA) – With a proper strategy and a proactive approach, integration into the Greater Bay Area Initiative could bring positive outcomes to the city, Alexander Kocsis, a legal consultant of Hylands Law Firm in Guangzhou, told Macau News Agency (MNA).
Talking on the sidelines of an event organised by the France Macau Chamber of Commerce (FMCC) on Wednesday, Mr. Kocsis remarked that finance would be a good approach for a city as small as the Macau SAR.
“There is not much Macau can do, not even as an education centre given the shortage of human resources, plus the many education centres in nearby regions,” commented Mr. Kocsis. “What is left is finance […] just like many other small places such as Singapore and Bermuda.”
He said cryptocurrency could be a good path for the MSAR, given that its development does not require extensive physical space.
The legal consultant also noted that the city could present itself in a leading position.
“I think Macau must take a leadership position […]. If you are always a passenger in the bus you will go where the bus goes, but if you try to be a driver, it goes where you want it to go,” the legal expert said.
Kocsis suggests that the city could convene a group of executives or mayors by calling a meeting locally, seeking to be the host and to have a bigger role to play in the region.
“[Macau] needs to do a lot of research with their many resources […] and to make alliances with other areas such as Zhuhai, and do something now instead of waiting,” Mr. Kocsis stated.
When asked about his opinion over the city as a bridge between China and the Portuguese-speaking countries, Mr. Kocsis said it is a good idea, but it is a small goal, claiming that there are other opportunities in mainland China, whilst the majority of people from the MSAR are focused on markets such as Thailand, Japan, Singapore and the Philippines.
With regards to his ideas about the actual policies that the Greater Bay Area Scheme could put forward, Mr. Kocsis expects policies that will allow more interconnections between the 11 communities in the region, perhaps a bus card for the whole region.
A spokesperson of the Chinese People’s Political Consultative Conference (CPPCC) has previously announced during the opening of the Two Sessions in Beijing earlier this month, that the Greater Bay Area plan is to be unveiled shortly, after it gets approval by the central government.
Asked about the ways the central government can tackle the challenges of integration, in particular the different legal systems and customs procedures between the Mainland and the Special Administrative Regions, the legal consultant said the appointment of a Politburo member to manage the scheme shows the Chinese governments’ determination to resolve the problems.
“The Chinese government doesn’t know how to solve [the problems] now, that’s why they are appointing a Politburo member to try to solve these issues in order to make this work,” said Mr. Kocsis.
It is widely reported by Chinese language news outlets that the Vice-Premier, Han Zheng, will be a candidate for the appointment.
[Edited by Sheyla Zandonai]