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.
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Hong Kong, Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongsan, Jiangmen and Zhaoqing.
Population, GDP & GDP per capita
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2019: GBA has population of 72m+ , GDP: of US$1,679.5 billion and GDP per capita of US$23,371.
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2019: ASEAN has population of 655m+, GDP of US$3,166 billion and GDP per capita of US$4,819.
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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.
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(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.
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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
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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.