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

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

Logistics personnel from supermarkets and e-commerce platforms like "Gongxiao Jiangnan" are working on a hectic schedule to meet people's surging demand for essential goods during the New Year holiday by meticulously arranging storage and delivery.

Gongxiao Jiangnan is an e-commerce platform selling fresh groceries under the Supply and Marketing Cooperative of east China's Jiangxi Province.

At 02:00 in the morning, the platform's central warehouse is still bustling. Delivery staff are working around the clock to sort through tens of thousands of orders placed by urban residents, sending rice, vegetables, and cooking oil to specific storage points for further distribution.

Chen Yunchao, a delivery man for the platform, has clearly sensed the surge in orders.

"There are so many orders these days that I have to work until 06:00 in the morning almost every day to send out all the parcels," said Chen.

To ensure steady supplies, nearly 90 percent of front-line employees of e-commerce platforms under the Supply and Marketing Cooperative of Jiangxi chose to stay on duty throughout the holiday and support the daily needs of residents in 200 communities in the province.

Large amount of orders requires the platform to quicken its steps in logistics.

"We are considering increasing our delivery frequency and will refill parcel lockers twice a day," said Chen Jun, director of the platform's Procurement Department.

Back-end algorithms are also supporting the logistics during the holiday. In Jiangxi's provincial capital Nanchang, for instance, the demand for daily necessities increased by 30 percent compared with before. With the help of algorithms, an optimal amount of daily storage for each product can be accurately calculated to ensure smooth operations and reduce wastage. "Take Nanchang City as an example, we plan to deliver nearly a thousand tons of goods like grain and oil, fruits and vegetables, meat and aquatic products every day," said Zheng Zhenghao, director of the platform's Order Fulfillment Center.

E-commerce platforms ensure holiday supplies with logistics support