Hong Kong Leads Greater Bay Area in Finance, Logistics, and Tourism: Index Insights

Guangzhou and Ping An Bank Propel Growth in the Greater Bay Area

Hong Kong emerges as the leading city in the Greater Bay Area (GBA) for finance, logistics, and tourism, according to the inaugural GBA Industry Development Index prepared by Our Hong Kong Foundation (OHKF) and Dah Sing Bank. With a commendable score of 82.6, Hong Kong is a formidable player in financial services, leveraging a globalized market and a supportive infrastructure.

Top Competitors in Financial Services

• Shenzhen ranks second with a score of 77.5, benefitting from its home base of Ping An Bank.
• Guangzhou follows with a score of 66.2, highlighting its strategic logistical advantages.
• Foshan and Dongguan also showcase competitive scores in financial services.

Cultural Investments and Tourism Initiatives

Hong Kong leads in culture, sports, and tourism with a score of 79.4, backed by government initiatives promoting cultural heritage.

Logistics: A Stronghold for Growth

Hong Kong maintains its position as the most competitive city for trade and logistics, despite fluctuations in container throughput. Notably, Guangzhou ranks as the sixth-busiest port globally, achieving a score of 81 in the logistics category. Shenzhen’s strong performance in logistics further emphasizes the GBA’s strategic importance.

Innovation and Technological Leadership

As China’s Silicon Valley, Shenzhen excels in innovation with 34 unicorns and leads in manufacturing, supported by major players like BYD and Huawei.

Conclusion: Driving Economic Integration

The GBA, comprising 11 cities, is a powerhouse with a combined population exceeding 86 million and an impressive economy approaching 14 trillion yuan. Insights from the GBA Industry Development Index will empower businesses to leverage opportunities and promote further regional integration.