Greater Bay Area At A Glance
This overview is but a small fraction of the immense body of information on the GBA. If GBA information is a five-course dinner, this overview amounts to a mere fraction of the appetizer. Connect with us or the "full course".
GBA policy support for Hong Kong companies is as wide ranging as it is favorable and expedient.
Take a look at this Hong Kong government video, one of numerous promoting Hong Kong and the GBA.
Note this is an external link.
2 SARs + 9 Cities
Greater Bay Area (GBA) comprise of two Special Administrative Regions + nine cities in adjoining Guangdong province.
Hong Kong, Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongsan, Jiangmen and Zhaoqing.
Population, GDP & GDP per capita
2019: GBA has population of 72m+ , GDP: of US$1,679.5 billion and GDP per capita of US$23,371.
2019: ASEAN has population of 655m+, GDP of US$3,166 billion and GDP per capita of US$4,819.
GBA's population & GDP are smaller than ASEAN, but GDP per capita is almost 5X of ASEAN.
12 Policy Areas
China has earmarked 12 policy areas for development in GBA.
(1) Innovation & Tech (2) Financial Services (3) Transport & Logistics (4) CEPA & Professional Services (5) International Legal & Dispute Resolution Services (6) Clearance Facilitation (7) Medical Services (8) Education (9) Arts & Culture, Creative Industries & Intellectual Property (10) Tourism (11) Environmental Protection & Sustainable Development (12) Youth Development
Hong Kong's Role in GBA
China has designated 4 core cities to be the "core engine foe regional development" for GBA by leveraging on their respective "comparative advantages", and these are Hong Kong, Macau, Guangzhou and Shenzhen.
Hong Kong has a number of comparative advantages, but one of it's single strongest value-add is to serve as the gateway between GBA and the rest of the world.
Source
Hong Kong government https://www.bayarea.gov.hk
ASEAN Statistics Division https://data.aseanstats.org
We are currently curating a report on the Greater Bay Area based on publicly available information. This is an immense undertaking. Please submit a request and we will send it to you when it's done.