2024 Chinese New Year outlook
The first-line purchase limit has been broken!
Guangzhou was the first to have a showdown, releasing the purchase limit of more than 120 residences.
This is the first time that the core assets of China's first-tier cities have been liberalized.
Look, Guangzhou has openly robbed people and money from the whole country!
In the past two years, the competition between first-tier cities has been particularly fierce.
In the first quarter of last year, Guangdong held a China Merchants Conference in Shanghai, attracting more than 200 enterprises to participate.
Then, in August, Shanghai went to Guangzhou to hold the Shanghai-Guangdong-Hong Kong-Macao Greater Bay Area Investment Cooperation Promotion Conference.
A few months ago, Shenzhen formulated a set of support policies for Shanghai enterprises.
At the same time, we will keep an eye on young people from Hong Kong and Macao, and give huge subsidies for internship and employment, entrepreneurship and development.
Hong Kong has not only drastically reformed the talent introduction policy, but also directly set up an "Office for Attracting Key Enterprises" to attract investment from the mainland.
Beijing, Shanghai, Guangzhou, Shenzhen and Hong Kong are competing with each other!
The result? Hong Kong, for example, has achieved good results in various talent admission schemes.
As at the end of November last year, the Hong Kong Immigration Department had received more than 200,000 applications.
Of these, there are 1260,000 people were successfully approved.
The momentum is strong! 
Why did these high-energy cities across the country collectively move?
Now there is a very interesting phenomenon:
The talent pattern is reversing!
Among the top 10 cities in the country for talent attraction last year:
Many of the talents from Hangzhou, Suzhou and Nanjing come from Shanghai and Beijing.
Wuhan has the largest inflow of talent from Beijing and Shenzhen.
Beijing is also among the top two talents flowing into Chengdu.
In this way, the front line must not be able to sit still.
It must be a real fight!
All of this is beckoning to talents, enterprises and capital!
However, cooperation is more important than competition!
It's hard to go it alone with a single city now.
What to do? Huddle in order to get warm!
This time before the year:
The overall development plans of the Qianhai Cooperation Zone and the Hengqin Cooperation Zone were released at the same time; Guangdong has demarcated five metropolitan areas in a row.
The new strategic layout once again focuses on the Greater Bay Area.
As of today, it has been five years since the promulgation and implementation of the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area.
In 2022, the total economic output of the Greater Bay Area has exceeded 13 trillion yuan.
With less than 1% of the country's land area and 5% of the total population, it has created 11% of the country's total economic output!
The Guangdong-Hong Kong-Macao Greater Bay Area is more than just a city agglomeration.
Within the Greater Bay Area, 9+2 cities complement each other's advantages and develop in a coordinated manner.
The economic scale is distributed in four echelons.
Guangzhou, Shenzhen, and Hong Kong are the first echelon: the economic volume is about 3 trillion yuan, and the total GDP of these three major cities exceeds that of all provinces and cities in the country except Guangdong, Jiangsu, and Shandong.
Macau, Foshan and Dongguan are the second echelon: the GDP scale is more than 1 trillion yuan.
Huizhou and Zhuhai belong to the third echelon: the GDP is more than 400 billion, and there is still a big gap with the second echelon.
Zhongshan, Jiangmen, and Zhaoqing are in the fourth echelon: the GDP scale is less than 400 billion yuan.
So who is the center of the GBA?
Hong Kong, Macau, Guangzhou, and Shenzhen are all central cities.
From the perspective of industrial positioning, Hong Kong has the highest level, an international financial center, a shipping center, a first-class center and an international aviation hub.
On the one hand, Hong Kong is an international financial centre and a free port facing the world.
On the other hand, it is also trying its best to integrate into the Greater Bay Area and align with the national strategy.
For example, the Northern Metropolis of Hong Kong, which was announced in 2021, is highly integrated with Shenzhen.
It is to better integrate into the overall development of the country!
Of course, it will take a long time for such a big plan to finally land, but the direction has been set! The integration of the two places does not stop there.
The blueprint for the future also includes the Pan-Pearl River Delta region.
How to say? The PPRD region directly includes 11 provinces and autonomous regions: Guangdong, Fujian, Jiangxi, Hunan, Guangxi, Hainan, Sichuan, Guizhou, Yunnan and the two special administrative regions of Hong Kong and Macao.
These areas are connected by the Pearl River water system.
It accounts for 1 5 of the country's land area, 1 3 of the population, and contributes more than 1 3 of the total economic output.
It includes national strategies such as the Guangdong-Hong Kong-Macao Greater Bay Area, the rise of central China, the Hainan Free Trade Port, the Chengdu-Chongqing Twin-City Economic Circle, and the Western New Land-Sea Corridor. It provides a greater imagination space for further integration!
For Hong Kong, integrating into the overall development of the country has never been a problem.
After all, it is:
1. The world's most important offshore RMB settlement center.
It is responsible for more than 70% of the world's RMB payment and settlement, and has the largest RMB liquidity pool outside the mainland, with a scale of nearly 1 trillion RMB.
2. The largest destination and destination for overseas direct investment in the Mainland.
According to the statistics of the Ministry of Commerce, as of May 2023, the mainland has absorbed a total of 1US$7 trillion, accounting for 59 percent of the mainland's total overseas investment8%。The mainland's stock of non-financial direct investment in Hong Kong and Macao is nearly 15 trillion US dollars, accounting for nearly 6% of foreign non-financial direct investment.
3. An important entrepot port in the mainland.
According to Hong Kong** statistics, in 2022, 46% of re-exports were made from the mainland, while 57% were destined for the mainland.
4. An important offshore fundraising center for mainland enterprises.
As of the end of 2022, there were 1,409 mainland companies listed in Hong Kong, accounting for 77% of the total market value.
Many mainland companies that want to list overseas will choose to list in Hong Kong.
In the first three quarters, the China Securities Regulatory Commission (CSRC) received applications from more than 100 companies for overseas listings, of which 97 mainland companies planned to list in Hong Kong.
For example, the well-known Mixue Bingcheng and Gu Ming rushed to Hong Kong to be listed at the beginning of the year.
In recent years, Hong Kong has formulated a series of preferential policies that have been very supportive!
In the first half of last year alone, 422 non-Hong Kong companies set up new business locations in Hong Kong.
Some time ago, CATL announced that it would set up an international headquarters in Hong Kong.
There is also an earlier Nezha Automobile, which also wants to set up an international headquarters in Hong Kong.
Even ByteDance and PetroChina have entered Hong Kong.
Have you noticed that more and more people are going to Hong Kong?
After the full reopening of the border, the number of mainland tourists in Hong Kong has skyrocketed.
December 31 over 2230,000 visitors visited Hong Kong, setting a new single-day high in 2023!
In recent years, the number of mainland students approved to study in Hong Kong has also increased.
According to the data, more than 3 mainland students will study in Hong Kong in 202370,000 people, compared with last year**1916%。
No, Hong Kong Chinese University's 2024 Mainland Undergraduate Enrollment Plan has expanded by 100 students!
At the same time, the Mainland's attractiveness to Hong Kong is also increasing.
Last year, there were 1There were 400 million Hong Kong people entering and leaving the country, and 72 million people leaving the country.
Among them, 53 million people went to the mainland, accounting for 74%!
Hong Kong has even reached a special arrangement with Shenzhen for customs clearance during the Spring Festival.
The opening hours of the entry and exit points between the two places will be extended during the Spring Festival to facilitate travel between the two places for the Spring Festival.
This is a manifestation of Hong Kong's integration into the overall development of the country, which is a good thing!
However, this highly prosperous first-tier city is also facing the urgency of development.
Can Hong Kong remain an international financial centre?
Can Hong Kong's internationalisation be maintained?
Indeed, Hong Kong's economy is now being caught up by many cities.
For example, in 2020, Shenzhen's total GDP surpassed that of Hong Kong.
How can Hong Kong enhance its competitiveness?
What are the advantages of contributing to the Greater Bay Area?
Hong Kong's core advantages are actually two:
The first is the flexible system of "one country, two systems".
The second is the real international environment.
Why has international capital entered the mainland through Hong Kong for so many years?
Isn't it okay in Shanghai?
Isn't it okay in Hainan?
The most fundamental reason is that the system is different!
"Two systems" are two completely different sets of rules.
When international capital enters the mainland, it first pays a large amount of taxes, and if it wants to go out, there are foreign exchange controls.
This set of rules in the mainland is not very applicable to international capital.
Therefore, Hong Kong's role as a hub connecting the Mainland and the rest of the world is irreplaceable.
Moreover, Hong Kong belongs to the common law system, which is also different from the civil law system of the mainland.
Different systems will play differently.
Hong Kong's monetary policy is linked to that of the United States, and Hong Kong's deposit interest rate has also risen.
The current 3-month HKD deposit rate is 43%, compared to the 3-month fixed 1 of the major domestic banks15%, 1 year term 145%, the interest is 3-4 times the difference!
No wonder, everyone has turned into "deposit special forces", rushing to Hong Kong's high interest rates to queue up to save money.
If you have Hong Kong dollars, you can really save a little.
After all, a proper allocation of overseas assets can hedge exchange rate risks.
There is such a saying about Hong Kong:
It is the closest world to China, and it is also the closest China to the world.
Maintain its unique advantages, Hong Kong will still be competitive!