Hi everyone. I’m Stephanie LI. Coming up on today’s program Nvidia CEO Jensen Huang said China can beat AI rivals with Greater Bay Area edge; China extends unilateral visa-free policy to Japan and eight European countries. Here’s what you need to know about China in the past 24 hours  Jensen Huang, the founder and chief executive of chip manufacturer Nvidia, voiced his strong confidence in Hong Kong's role in advancing artificial intelligence (AI) as well as open science development and highlighted huge potential in capitalizing on AI in the Greater Bay Area. This comes after the 61-year-old was awarded an honorary doctorate in engineering at the 2024 Hong Kong University of Science and Technology (HKUST) Congregation on Saturday, which also marks his first visit to Hong Kong. During his acceptance speech, Huang emphasized that the world is entering a new era defined by AI. He said that AI is poised to revolutionize scientific disciplines and impact every industry, heralding the arrival of the robotics age and the subsequent creation of new sectors. NVIDIA, a leader in AI chip technology, has seen its market valuation surpass that of Microsoft, marking it as a global frontrunner. The head of the US chipmaker has also pledged to maintain the company’s presence in the Chinese mainland despite rising geopolitical tensions. In a later discussion on stage, Huang pointed to the mainland’s unique strengths in capitalizing on AI, saying there was huge potential in the Greater Bay Area, which links Hong Kong, Macao and nine Guangdong cities. “This is just an extraordinary opportunity for China and for this area,” Huang said. “The Greater Bay Area is so good at mechatronics already, the intersection between mechanical technology and electronics.” Huang noted that AI development is a global, unstoppable trend and emphasized the importance of seizing the opportunities to tackle the challenges with AI tools. Huang also addressed the employment challenges faced by the youth in Hong Kong and the Chinese mainland, stating that AI presents extraordinary chances for them and encourages graduates to embrace the new era of industries being transformed as the world undergoes a reset. Huang's stay in Hong Kong became a social media sensation after a photo showed the CEO of Nvidia, Financial Secretary Paul Chan, HKUST President Nancy Ip, HKUST Council Chair Harry Shum, and other big names drinking and eating at a food stall in a night market in Sham Shui Po. China has added Japan and eight European countries to its unilateral visa-free policy, sparking an immediate surge in travel searches. Citizens of Japan, Bulgaria, Romania, Croatia, Montenegro, North Macedonia, Malta, Estonia, and Latvia will be able to travel to China for up to 30 days without a visa from Nov. 30 to the end of next year, the Ministry of Foreign Affairs' consular department announced on Saturday. Within half an hour of the announcement, travel-related searches from Europe to China surged 65 percent and from Japan to China 112 percent, according to the overseas platforms of Chinese travel agency Ctrip. Local governments across China, including Hebei, Sichuan and Yunnan Province have taken action to implement debt replacement after the approval of a 6-trillion yuan new local government debt quota for replacing the hidden debts. Per latest statistics, a total of 16 provinces in the country have announced that they will issue special refinancing bonds to replace existing hidden debts, with a total issuance amount reaching 1.09 trillion yuan. Greater Bay Area, Greater future A high-profile Hong Kong delegation led by Chief Executive John Lee Ka-chiu will attend a conference in Guangzhou on Monday afternoon to promote economic ties between the city and Guangdong province. The Guangdong-Hong Kong Deepening Economic, Trade and Investment Cooperation Conference, co-organized by Guangdong and Hong Kong authorities, is a highlight of the delegation’s three-day