Guangdong Hong Kong Macao Greater Bay Area has become a global gathering place of production factors

2023-01-05

At Nansha, the geographical and geometric center of the Guangdong Hong Kong Macao Greater Bay Area, near the South China Sea, the venue of the 2022 Guangdong Hong Kong Macao Greater Bay Area Global Investment Promotion Conference held recently was as warm as the bright winter sun in the breeze. Thousands of people from domestic and foreign enterprises gathered here to discuss investment and development. The completed Central Economic Work Conference proposed to make greater efforts to attract and utilize foreign capital. The 2022 Guangdong Hong Kong Macao Greater Bay Area Global Investment Conference, which gathered more than 60 well-known multinational enterprises, delivered a message that excited many entrepreneurs. "We are full of confidence in the development prospects of enterprises in the Guangdong Hong Kong Macao Greater Bay Area," said Yingzhao Murata, chairman of Yazaki (China) Investment Co., Ltd. As an auto parts enterprise, Yazaki (China) Investment Co., Ltd. has set up 14 companies with an investment of more than 800 million yuan since it entered the Chinese market. The Guangdong Hong Kong Macao Greater Bay Area covers Hong Kong, Macao and nine cities in the Pearl River Delta of Guangdong Province. With a total area of 56000 square kilometers and a total population of about 86 million, it is one of the regions with the highest degree of openness and the strongest economic vitality in China. In recent years, the central government has successively issued a series of major policies, supporting the construction of three major cooperation platforms, namely Hengqin, Qianhai and Nansha, with high specifications and high positioning, supporting the construction of science and technology and industrial highlands, the interconnection of financial markets, and deepening the connection with Hong Kong and Macao rules in the Guangdong Hong Kong Macao Greater Bay Area, which has promoted the rapid development of the Guangdong Hong Kong Macao Greater Bay Area. "In 2021, the Guangdong Hong Kong Macao Greater Bay Area will create 12% of the country's total economic output with less than 1% of the country's land area and 5% of the country's total population," said Zhu Wei, executive deputy director of Guangdong Provincial Greater Bay Area Office. Guangdong is the largest part of the Guangdong Hong Kong Macao Greater Bay Area. Zhao Qing, deputy director of the Guangdong Provincial Department of Commerce, said that Guangdong has always been a favorite investment destination for global enterprises. With a large economy, the GDP of the region will reach 12.4 trillion yuan in 2021, making it one of the regions with the most complete industrial chain supply chain in the world; The degree of openness is high, and the actual utilization of foreign capital exceeds 180 billion yuan. Jiang Xueli, Assistant Director of the Investment Promotion Agency of the Hong Kong Special Administrative Region, said that Hong Kong is the world's freest economy, the second emerging entrepreneurial ecosystem, the third preferred arbitration place and the fourth global financial center. Hong Kong not only has its unique position and advantages, but also faces huge opportunities with the full support of the major national development strategies. "The total number of mainland and overseas enterprises with offices in Hong Kong is about 9000, of which more than 1400 enterprises use Hong Kong as their regional headquarters, with a wide range of businesses." Jiang Xueli said that Hong Kong has always been a very effective two-way platform to promote overseas enterprises to enter the Greater Bay Area and even the whole China, and also to promote mainland enterprises to go global. Yu Yusheng, acting chairman of the Macao Trade and Investment Promotion Bureau, believes that Macao has the advantages of free port, separate customs area, free flow of capital and other advantages brought by "one country, two systems". More importantly, the cities in the Guangdong Hong Kong Macao Greater Bay Area are no longer a single city, but are regarded as a whole. Cities can complement each other in terms of land, industry, capital and other production factors

Edit:Hou Wenzhe    Responsible editor:WeiZe

Source:people.cn

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