Tencent's Ma envisions Chinese 'Silicon Valley'

China should introduce favorable policies to turn the Guangdong-Hong Kong-Macao Bay Area into the cradle of China's "Silicon Valley", national legislator Ma Huateng said on Friday.

Constructing a world-class high-tech Bay Area is critical to implementing China's innovation-driven strategy, said Ma, who also chairs internet giant Tencent, at a news conference ahead of the fifth session of the 12th National People's Congress, which begins on Sunday.

The proposal is also conducive to the long-term prosperity of the region, he said, especially for Hong Kong and Macao, which have untapped potential to deepen economic interdependence with the mainland.