"The total economic output of Guangdong, Hong Kong and Macao is expected to reach 14.76 trillion yuan in 2022, surpassing the Tokyo Bay area and becoming the largest Bay Area in the world." Recently, the China Development Research Foundation released the report on the integration of China's urban agglomeration, which made optimistic expectations for the development prospect of Guangdong, Hong Kong and Macao Bay area. The Hong Kong business community has also recently released a number of research reports on the development of Dawan district. The data show that more and more Hong Kong business people are actively going north and "punch in" Guangdong, Hong Kong and Macao Dawan district to further look for development opportunities and space. Observers believe that Dawan district has deep development potential, full of innovation and vitality, and forms a high-quality coordinated development trend, which is becoming more and more attractive to investors and talents. In 2021, the number of Hong Kong funded enterprises in Shenzhen Qianhai Shenzhen Hong Kong modern service industry cooperation zone increased by 156% year-on-year. Hong Kong funded enterprises accounted for 93.8% of the foreign capital utilized by Qianhai. A total of 11900 Hong Kong funded enterprises have been registered in the cooperation zone. The picture shows an aerial view of Shenzhen Hong Kong modern service industry cooperation zone in Qianhai, Shenzhen. Photo by Qiu Genmao (issued by Xinhua News Agency) The best entry point into internal circulation The Information Office of Guangdong provincial government recently held a press conference to announce the "report card" of Guangdong Hong Kong Macao Bay Area in 2021 - the total economic output of Guangdong Hong Kong Macao Bay Area in 2021 was about 12.6 trillion yuan, an increase of about 2.4 trillion yuan over 2017; Dawan district has entered 25 of the world's top 500 enterprises, an increase of 8 over 2017; There are more than 60000 high-tech enterprises in Guangdong Province, most of which are in Guangdong Hong Kong Macao Dawan District, a net increase of more than 20000 over 2017. "This means that the construction of Guangdong Hong Kong Macao Great Bay area has achieved phased results, and the construction of world-class Bay area and world-class urban agglomeration is steady. It is naturally a great news for Hong Kong, which is eager to realize economic transformation and development." Ye Jianming, executive vice president of the Federation of all circles of Hong Kong Island, believes that accelerating integration into Dawan district and integrating into the overall situation of national development through Dawan district has become the only way to promote the further development of Hong Kong's economy. This view has gradually become a consensus in the Hong Kong business community. From the Research Report on domestic sales development of Hong Kong businessmen in Dawan district recently released by the Hong Kong Federation of industry, it can be found that under the continuous promotion of a series of favorable policies such as the national "14th five year plan", more than 80% of the Hong Kong funded manufacturers interviewed have set up factories and developed domestic sales business in mainland cities in Dawan District, of which about 83% of Hong Kong businessmen expressed their intention to further expand domestic sales business in the next two years. Cha Yichao, chairman of the Federation of Hong Kong industries, said: "Guangdong, Hong Kong and Macao Great Bay area is at the forefront of high-quality development. It is not only an important advanced manufacturing industry base, but also the best entry point for Hong Kong businessmen to enter the national internal circulation. Hong Kong funded enterprises should grasp the increasingly huge mainland market, speed up transformation and upgrading, and expand the new map." Great opportunities for start-ups Not only traditional Hong Kong businessmen, many Hong Kong start-ups also set their sights on the Great Bay area of Guangdong, Hong Kong and Macao. The Hong Kong Trade Development Council and HSBC recently conducted a survey entitled "exploring the start-up ecology of Guangdong, Hong Kong and Macao Dawan district". The results show that Dawan district has gathered a large number of venture capital funds and excellent scientific research talents at home and abroad. Coupled with advanced scientific and technological infrastructure and rich entrepreneurial resources, start-ups have ushered in vigorous development. 81% of the surveyed start-ups are satisfied with the entrepreneurial ecosystem in Dawan District, and 71% of the respondents expect the company's revenue to grow by 25% or more in the next three years. Biotech start-ups are expected to grow by 100% or more in the next three years, of which biotech start-ups are expected to grow the fastest. Dr. Zhong Jinghua, who graduated from the Human-Computer Interaction Laboratory of the Chinese University of Hong Kong, is one of the founders of pursuing dreams in Dawan district. In 2016, he successively opened companies in Hong Kong and Shenzhen, focusing on the combination of artificial intelligence and education. Zhong Jinghua believes that Hong Kong's biggest advantage is its financial and technological R & D capabilities, but many good technologies in Colleges and universities have not yet been industrialized, and Shenzhen provides sufficient fertile soil for this. She said that Shenzhen not only has a complete industrial chain, but also can face the broad market in the mainland. The government still has great subsidies and support for start-ups and high-tech talents. "We quickly applied for the 'peacock plan' in Shenzhen, and the government provided living subsidies, so that we have no worries at home and can concentrate on doing a good job in the company's business." She said. Fang Xiao, the head of industrial and commercial finance of HSBC Hong Kong, introduced that they have launched the "Dawan District +" technology credit fund since 2019 to provide financing support for fast-growing start-ups in Dawan district. "The country is actively building Dawan District into a global science and technology innovation center. The cooperation between HSBC and the Hong Kong Trade and Development Council on Dawan district is timely, which can not only provide appropriate docking services for start-ups, but also establish a longer-term cooperation space for Shenzhen and Hong Kong." He said. Attract talents to settle down As one of the regions with the highest degree of openness and internationalization in China, Dawan district has broad development prospects and attracts a large number of excellent talents at home and abroad to integrate into development and settle down. According to a report on the salary outlook for Hong Kong executives in 2022 released by KPMG China, in the four years since KPMG studied the opportunities in Dawan District, the proportion of Hong Kong professionals willing to move to mainland cities in Dawan district is increasing year by year, from 52% in 2019 to 72% in 2022. Better career and industry development prospects, convenient transportation, higher salary and wider work vision have become the main reasons why respondents are willing to move to mainland cities in Dawan district. The frequent exchange of talents is of great significance to Dawan district. With the continuous advancement of the construction of Guangdong, Hong Kong and Macao Dawan District, the scope of professional qualification recognition and standard connection continues to expand, the practice barriers in more and more professional fields such as lawyers, doctors, architects and engineers have been broken, and Hong Kong professionals have obtained more career development opportunities in Mainland cities of Dawan district. Up to now, more than 3000 Hong Kong and Macao professionals in Guangdong Province have obtained the mainland registration and practice qualification in 8 fields such as doctors, teachers and tour guides. Hong Kong professionals have come to Dawan district. Behind the development of mainland cities is the continuous promotion and support of national policies. KPMG's above report believes that with the opening and operation of "cross-border financial link", mainland cities in Dawan district are expected to have more job opportunities in the financial service industry. In particular, many local banks in Hong Kong are considering Dawan district as an important way of business development. "We are pleased to observe that Hong Kong professionals have a high willingness to work in Dawan district." Xiao Weiqiang, KPMG's personal service partner in China, said that industries such as innovation and technology, professional and consulting services are also industries that respondents believe have great potential for new employment. Compared with two years ago, respondents who expect employment to benefit from the development of Dawan district increased by 8% to 16%. (Xinhua News Agency)