Savantas presents The Greater Bay Area Development Proposal

In March this year, the development of Guangdong-Hong Kong-Macao Greater Bay Area was mentioned in the premier's annual report. The goal of the initiative is to break down various barriers within the region and to make the region a more open, innovative, integrated and livable area. Hong Kong, Macao and the nine Guangdong cities will benefit immensely if the tremendous economic potential of the area can be unleashed.

In August, Savantas Policy Institute organized ten focus groups to gauge views from 215 people representing sectors ranging from financial services, technology, legal and accounting services, construction and surveying, creative industries, trade and industry, tourism, to logistic, transports and shipping. We engaged the Institute of Guangdong, Hong Kong and Macao Development Studies of Sun Yat-sen University in the process. Savantas went on to conduct in-depth interviews with government officials and business leaders in September to gain insight into the current development of the area and explore the feasibility of various proposals.

On 10th October 2017, Savantas presented the Greater Bay Area Development Proposals to the Financial Secretary Mr Paul Chan and the Secretary for Constitutional and Mainland Affairs Mr Patrick Nip. Our report covers expectations of Hong Kong's various sectors for the Greater Bay Area and difficulties they encountered, and makes corresponding recommendations.

Please click here for our press release and key recommendations