|The Guangdong-Hong Kong-Macao Greater Bay Area (Greater Bay Area) comprises the two Special Administrative Regions of Hong Kong and Macao, and the nine municipalities of Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing in Guangdong Province.|
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 essence of the development of the Greater Bay Area is to leverage the comparative advantages of every Greater Bay Area city to the largest extent, deepen cooperation amongst Guangdong, Hong Kong and Macao, facilitate in-depth and organic regional integration, as well as drive coordinated regional economic development. By doing so, the Greater Bay Area will become an international first-class bay area ideal for living, working and travelling.
The Hong Kong Government's work in taking forward the development of the Greater Bay Area include: developing an international innovation and technology hub; facilitating the development of industries in which Hong Kong enjoys strengths into the Greater Bay Area; and through policy innovation and breakthroughs as well as facilitation measures for Hong Kong residents studying, working and living in the Greater Bay Area, fostering the flow of people, goods, capital and information and improving the overall connectivity of the Greater Bay Area according to the principle of "one country, two systems".
|Innovation and Technology||Financial Services||Transportation and Logistics||Arts & Culture, Creative Industries and IP||Tourism||CEPA and Professional Services|
Hong Kong and the Mainland are closely connected. With well-developed cross-boundary transportation networks and cross-boundary facilities.
National High Speed Rail Network:
Hong Kong-Zhuhai-Macao Bridge (HZMB), the Hong Kong Section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL), as well as the soon-to-be-commissioned Liantang/Heung Yuen Wai Boundary Control Point (LT/HYW BCP) will further enhance the capacity of Hong Kong boundary crossing facilities in meeting the ever increasing cross-boundary passenger traffic.
Comparison of Tokyo, New York, San Francisco Bay Area
|District||Greater Bay Area||Tokoy Bay||New York Bay||San Fransico Bay|
|Permanent residents (0,000)||6,957||4,396||2,340||768|
|Land area (square kilometers)||56,000||36,500||21,500||17,900|
|GDP (Trillion USD)||1.5||1.9||1.4||0.8|
|GDP per capita(0,000USD)||2.2||4.3||6.0||10.2|
|Tertiary industry share (%)||62%||82%||89%||83%|
|Container throughput (0,000 TEU)||6,834||773||625||237|
|Airport passenger throughput (100 million)||2.0||1.2||1.3||0.8|
|QS World Top 100 Universities||4||2||2||3|
|Property price (RMB/square meter)||20,000||58,500||111,900||100,900|
|Project refurbishment/reconstruction||Industrial building revitalisation||Agricultural land development|
|Determine the value of reidsential and commercial combination from a deep understanding of the current and future property market trend and market analysis. Through refubishment it offers short term return to investors, and in a long run through reconstuction it releases value of the land.||The Government announced a series of revitalisation measures to facilitate redevelopment or wholesale conversion of old industrial buildings with a view to providing more floor space to meet Hong Kong's changing social and economic needs. The objective of the revitalisation measures is to better utilise the precious land resources of Hong Kong through encouraging the redevelopment and wholesale conversion of existing industrial buildings. Investing in potential areas will bring significant returns to investors.||HK Gov is currently changing the use of the land in the NT to unlock the potential of large-scale private agricultural land. We In-depth study Hong Kong's development blueprint for the next 5 - 15 years, to seek the potential lands for development.|
|Short-term strategy (1 year):
Fixed rental return after purchasing the project.
|Mid-term strategy (2-3 year):
Refurbish and renovate the project after purchase to increase rental income, and sale the entire project afterwards.
|Long-term strategy (3-5 year):
After purchasing the project, will consider changing the use of the land while obtaining rental income. For example, rebuilding into a residential quarter, office building or hotel in order to release the land value.
The operation of the Hong Kong-Zhuhai-Macao Bridge (HZMB), Humen Bridge and Shenzhen-Zhongshan Bridge are considered to be the milestones in the Greater Bay Area. Enhance the economic competitiveness of the Pearl River Delta region by promoting high value-added services, manufacturing and agriculture and the improvement of industrialization, urbanization and globalization.
Hong Kong and the Mainland are closely connected. With transport infrastructure connecting both sides of the Pearl River, such as the Second Humen Bridge and Shenzhen-Zhongshan Bridge, will further improve transport connectivity within the Greater Bay Area and create favourable conditions for attracting Mainland and overseas talents to the Greater Bay Area.
|With the key infarsturcutre in place created ‘one hour living cycle’, a great opportunity on further economic integration and development among Hong Kong, the Western Pearl River Delta and Macao.||Education cooperation between Hong Kong and the Mainland has reached a new pedestal, will increase demand in student accommodation.||Innovation and technology (I&T) can boost sustainable development, enhance competitiveness, create employment opportunities and provide new momentum for economic development.||Create a cultural hub of Asia, enhance audience building, encourage community participation, nurture local talents and promote professional development.||Resources in Greater Bay Area provides comprehensive support and public services for drug research and development bases, hospitals, and senior nursing homes.|