China’s proposed Greater Bay Area (GBA)—Hong Kong, Macau, and nine cities in southern Guangdong Province—represents a “golden moment” for innovation provided political and regulatory hurdles can be overcome, a senior official of Hong Kong-government backed Cyberport said Tuesday.

Speaking on the sidelines of TechCrunch Shenzhen 2018, Toa Charm, chief public mission officer for the innovation and digital tech hub, said closer collaboration is needed in order to realize the full potential the GBA represents for sectors such as fintech.

“Commercially and politically [GBA] makes sense,” he said. “Now it’s about implementation.”

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Colum Murphy

Managing Editor, Technode.