Hong Kong's Role in Expanding Greater Bay Area Ties Under the Open-Door Policy
Expanding Opportunities in the Greater Bay Area
Hong Kong must step up its collaboration with the Greater Bay Area following the successful trade show in Guangzhou. With a reported 2.26 trillion yuan (HK$2.42 trillion) in investments, analysts are urging a focus on international market expansion.
Beijing's Open-Door Policy
The open-door policy reintroduced at the third plenum has reignited foreign investor confidence in the region. Minister of Commerce Wang Wentao underscored the GBA's pivotal role in China's economic vision.
Strategic Collaboration and Support
- Review of past achievements to bolster business support
- Enhancing measures to attract foreign investments
- Fostering cooperative efforts between Guangdong, Hong Kong, and Macau
Chief Executive John Lee Ka-chiu pledged ongoing integration into national strategies, positioning Hong Kong as a global trade hub.
Future Prospects
As gross domestic product in the GBA reaches 14 trillion yuan, the focus will intensify on creating synergies among regional businesses. Experts highlight the necessity for Hong Kong to attract European investors to maximize the GBA's potential.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.