WHAT IS “GREATER BAY AREA”?

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2021-12-23

Greater Bay Area

The full name is the Guangdong-Hong Kong-Macao Greater Bay Area. This comprises the two Special Administrative Regions of Hong Kong and Macao, as well as the 9 municipalities of Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing in Guangdong Province.

Aims

Hence the development of the Greater Bay Area is accorded the status of key strategic planning in the country’s development blueprint, having great significance in the country’s implementation of innovation-driven development and commitment to reform and opening-up.

The objectives are to further deepen cooperation amongst Guangdong, Hong Kong and Macao, fully leverage the composite advantages of the three places, facilitate in-depth integration within the region, and promote coordinated regional economic development, with a view to developing an international first-class bay area ideal for living, working and travelling.

What is the Outline Development Plan?

In summary, the “Outline Development Plan” has formulated 5 strategic orientations:

Not only a vibrant world-class city cluster, but also an international innovation and technology hub with global influence. Importantly, support for the construction of the “Belt and Road” initiative on international trade, travel and communication between Countries. Also, to create a demonstration zone for in-depth cooperation between the Mainland and Hong Kong and Macao. In conclusion to build a quality living circle that is suitable for living, working and travel.

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You may want to read: 2021 POLICY ADDRESS HIGHLIGHT ON THE HONG KONG ECONOMY

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