The Banking Executive - Decemebr 2021, Issue 156

the BANKING EXECUTIVE 8 ISSUE 156 DECEMBER 2021 Many of the world's most exciting technological breakthroughs originated from Silicon Valley. Now, the Chinese government is pouring resources to build its own hub for Innovation and rival American Industries in technological capacity. The Chinese blueprint envisions a world class city cluster that would combine Shenzhen’s startup culture, Hong Kong's financial centers, Guangzhou’s manufacturing industry as well as Macau’s and Zhuhai’s leisure and tourism. While it sounds impressive, how successful will this play out and under what conditions? And can China replicate the American experience and create its own Silicon Valley? China’s Silicon Valley The How(s) and Why(s) of its Success or Failure