The new Guangdong-Hong Kong-Macao Greater Bay Area (Greater Bay Area) is poised to be the most affluent area in Asia. It brings together the two Special Administrative Regions of Hong Kong and Macao and nine municipalities (formerly known as the Pearl River Delta) in Guangdong Province. Together, it has an economic significance comparable to that of other top bay regions like Tokyo Bay, New York, or San Francisco Bay.
Covering 56,000 square kilometres, the Greater Bay Area (GBA) has a combined population of 72 million and a GDP of US$1.7 Trillion. While it only accounts for 0.6% of China’s land and 5% of the population, yet it accounts for 12% of the country’s GDP and it has double the GDP per capita than the rest of mainland China. How can Canadian companies get involved?
Hong Kong has traditionally played an influential role in integrating China with the world. As one of the most open and business-friendly international cities, that role has been strengthened by the new opportunities arising from GBA to help businesses and individuals connect and excel in this exciting new global economic zone.