Internet tycoon calls for steps to boost Greater Bay Area

Chinese internet tycoon Pony Ma proposed building a development bank and a university for the Guangdong-Hong Kong-Macao Greater Bay Area on the sidelines of the ongoing annual two sessions in Beijing on Sunday.

Ma, Tencent's chairman and CEO, as well as a deputy to the 13th National People's Congress, raised the idea that a Greater Bay Area development bank, if possible featuring fintech, the technology used to support financial products or services, would greatly facilitate convenience and industrial upgrading among cities within the area.

"(With such convenience), we hope that more foreign capital can be attracted to invest in technology and innovative industries," he said in his proposal.