“Economic Development of Guangdong-Hong Kong-Macao Greater Bay Area and Innovation Platform of University of Macau”

Development of the economy in the “Guangdong-Hong Kong-Macao Greater Bay Area (GHMGBA)” has achieved an amazing speed and scale that it has become the No. 2 Bay Economy in the world. The GDP of this region already achieved 1.67 T USD, which was greater than some large countries, for example, the Russia Federation. What were the major factors that created such success? Many experts believed that it was caused by the strong spirit of “innovation” and “entrepreneurship” from the industry as well as the strong support from government in providing policy and financial support.

When the FinTech firms like BATH+F in GHMGBA have gradually catch up the FLAG+A in San Francisco Bay Area, the economic development of GHMGBA driven by science and technology innovations will become unstoppable. “How does Macao respond to such trend to develop its own innovation and entrepreneurship initiative so that the economy can be appropriately diversified? What is the role of FinTech in supporting such special finance (特色金融) of Macao?

In this Talk, Prof. Yen will propose a framework to support the creation of knowledge based economy as well as how to make use of Guangdong-Hong Kong-Macao Big Bay Area concept to integrate the resources and markets from different cities. The ultimate targets are a broader incubation platform of innovation and entrepreneurship and VC funding culture to support young people in Macao.

Prof. Jerome Yen is currently the Head of Centre for Innovation and Entrepreneurship and Distinguished Professor of Business Information Systems. Before joining the University of Macau, he was the director of internet finance at the Hong Kong Applied Science and Technology Research Institute. He has also worked in the University of Hong Kong, Hong Kong University of Science and Technology and Chinese University of Hong Kong with profound research experience in management information systems, finance, commerce, risk management and internet finance, especially in finance supermarket and its business model and technologies. Besides, Prof. Yen has also held the position of senior vice president and deputy chief risk officer in a company of Forbes 500 and Fortune 500.

For enquiry, please contact Ms. Candy Cheong or Mr. Gabriel Chan at Tel: 8822 9215 / 8822 4619 or email: ICI.Innovation@um.edu.mo