Greater bay area overview

Greater Bay Area will be the leading hub of economic and innovation in Asia

  • High-level Chinese government plan to deepen the economic integration of 11 cities including Hong Kong, Macao and mainland Chinese cities around the Pearl River Delta
  • Plan is to transform the region from a manufacturing hub to a dynamic hub of innovation and services
  • Will lead China’s transformation to producing and exporting higher value-add goods and services
     

Greater Bay Area will enhance Hong Kong's position as an international maritime centre and regional logistics hub

Aviation hub

Reserve land in the South Cargo Precinct to support the growth in transhipment, cross-boundary ecommerce and high value-added air cargo business. “SKYCITY”, an integrated commercial development, is set to transform Hong Kong International Airport from a city’s airport into an “Airport City” 

Cross-boundary infrastructure

The Liantang Port / Heung Yuen Wai Boundary Control Point (BCP) is the first road-based BCP with direct access facilities, connects with Eastern Corridor in Shenzhen, shorten travelling time to eastern part of Guangdong Province and other neighbouring provinces

Port development and logistics industry

Expand terminal yard space for additional barge berths to enhance operation efficiency

Greater bay area statistics

Greater Bay Area will be a major driver of China's economic growth

  • Currently comprises 70 million people
  • Combined GDP of ~ US$1.4 trillion in 2016 – 12% of China's economy 
  • Very wealthy area with high disposable incomes – per capita income is more than two times the China-wide average
  • Forecast combined GDP of US$4.6 trillion by 2030 – larger economic base than the major bay areas in Tokyo, New York and San Francisco

*Source: HKTDC Research 2019

    11

    11

    Cities integration

    70m

    70m

    Total population

    US$1.4tn

    US$1.4tn

    GDP in 2016

    US$4.6tn

    US$4.6tn

    GDP forecast by 2030