The Greater Bay Area

Bridging businesses to a world of opportunity

The Guangdong-Hong Kong-Macao Bay Area

Guangdong-Hong Kong-Macao Bay Area (The Greater Bay Area) is an initiative that will form an exciting new chapter in South China’s history. The Greater Bay Area aims to bring together the two Special Administrative Regions of Hong Kong and Macao with nine cities in Guangdong: Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing. Together, they will form a world-class city cluster that will play a leading role in global innovation, finance and trade.

By combining the strengths of each city to facilitate trade and growth, the Greater Bay Area has the potential to be an economic powerhouse that will be comparable or even surpass leading bay areas across the globe, such as the Greater Tokyo Bay, San Francisco Bay Area, and New York Metropolitan Area.

 

67.71 million of population - 56,000 km2 total area - US$1.5 trillion combined GDP in 2017 - US$4.6 trillion GDP is expected by 2030

 

Combining strengths

The cities in the Greater Bay Area have achieved rapid growth throughout the last 40 years of China’s economic reforms and opening up, developing specialities and unique advantages. Under this initiative, each city can focus on leveraging these skills to boost their own economy as well as the wider economic growth of the region. Therefore, a key objective of the Greater Bay Area is to improve cooperation in order to become a major economic powerhouse with diverse elements.

Banking and Financial Services

Hong Kong is a prominent international financial centre with world-class financial and legal system, and extensive experience in banking and financial services.

Technology

Shenzhen is a major technology manufacturing and innovation hub, home to several largest tech giants in China.

Manufacturing

Dongguan is a major manufacturing hub that acts as a base for many of the world’s leading multinational businesses. 

Foshan has the largest number of townships among Guangdong’s prefecture level cities, and has developed specialities in goods such as electronics and furniture.

Zhaoqing is a cultural centre, is steadily growing its manufacturing sector, with rich primary resources including rare metals and herbal medicines.

Zhongshan is a city at the heart of the home appliance industry chain which also excels in manufacturing denim wear.

 

Trading

Guangzhou is one of China’s most important trading centres, with an expansive transportation network that includes a busy port, railway, and airport.

Tourism and Leisure

Macao is a renowned tourism and leisure hub, with a flourishing entertainment industry.

Zhuhai is a major tourism hub with a beautiful natural environment that is renowned for its high standard of liveability. The city also has a strong industrial base.

Logistics

Jiangmen is establishing itself as a logistics hub with several notable pillar industries, including motorcycles, metal production and paper making.

Green Energy

Huizhou is one of China’s top green cities. It is also specialised in petrochemicals and electronic information, as well as clean energy.

Network

HSBC recognises the vast potential of the Greater Bay Area. With a significant presence across the Greater Bay Area cities, we are well positioned to help you seize the business opportunities available within the region.

Our support for your business

Import and Export

Benefit from a network which covers 90% of global trade flows and flexible trading terms

Payments

Take the complexity out of payments processes with HSBC’s international and domestic solutions

Contact us

Speak to your HSBC relationship manager to find out more.

Contact us

Speak to your HSBC relationship manager to find out more.

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