The high level promotion continues to make big moves, and the gears of the Greater Bay Area are acce

Mondo Finance Updated on 2024-02-01

Finishing: Nandu Chuangxiang Bay Area reporter Mo Zhihua.

20 September 2022 – The General Administration of Customs (GAC) officially issued the Measures of the GAC to Support Nansha, Guangzhou in Deepening Comprehensive Cooperation between Guangdong, Hong Kong and Macao Facing the World.

Interpretation: The "Measures" put forward 16 specific measures, which will facilitate scientific and technological and economic exchanges and cooperation between Nansha and Hong Kong, Macao and even the rest of the world.

On 30 January 2023, the General Administration of Customs (GAC) issued the Measures to Support and Serve the Development of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, proposing 20 specific measures.

Interpretation: The Measures closely follow the main task of the construction of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, fully meet the demands of all parties in Guangdong and Macao, greatly facilitate the free flow of goods and people in the Hengqin Cooperation Zone, and will vigorously promote Macao residents to live and work in peace and contentment in the Hengqin Cooperation Zone.

On 8 February 2023, the Guangdong People's Congress released the full text of the Regulations on the Promotion of the Development of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, which will come into force on 1 March 2023.

Interpretation: This is the first comprehensive regulation of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, which aims to provide a strong legal guarantee for the construction of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, and promote Macao's long-term prosperity and stability and integration into the overall development of the country. It will not only make the Co-operation Zone more innovative and efficient, but also bring healthy competition to Macao.

On 23 February 2023, the "Opinions on Financial Support for the Development of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin" was officially released, proposing 30 measures. On 15 September, the Implementation Plan for Implementing the Opinions on Financial Support for the Development of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin was officially released.

Interpretation: The promulgation of the "Hengqin Financial 30 Articles" indicates that the financial convergence between Hengqin and Macao has taken a leap forward, injecting new momentum into the overall promotion of in-depth financial cooperation between Guangdong, Hong Kong and Macao. The promulgation of the "Implementation Plan" has also enabled the smooth implementation of many cross-border financial facilitation service policies that residents of the two places are concerned about.

On July 4, 2023, the newly established Guangzhou Nansha Construction and Development Working Committee of Guangdong Province (hereinafter referred to as the "Provincial Nansha Working Committee") was unveiled to the public for the first time after its establishment. The Provincial Nansha Working Committee is "in charge" by the main leaders of the province, city and district.

Interpretation: Guangdong uses the strength of the whole province to build Nansha, and the strategic goal of leading the construction of a world-class bay area and the best development of the bay area has been guaranteed by institutional mechanisms.

On 18 July 2023, the Exit and Entry Administration of the People's Republic of China promulgated the Measures for Actively Supporting and Promoting the Development of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin.

Interpretation: The optimization of entry and exit management services will not only further break down barriers for the flow of people and vehicles in the cooperation zone, and facilitate customs clearance between Hengqin and Macao, but also promote the construction and development of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, and help promote Macao's long-term prosperity and stability and integration into the overall development of the country.

On August 29, 2023, the "Development Plan for the Shenzhen Park of the Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone in the Hetao" issued by *** was announced, with 2025 and 2035 as the key nodes to promote construction.

Interpretation: The "Plan" clarifies the three major development orientations, pointing to open cooperation, advanced rules, and pilot transformation, which provides strong support for the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and Shenzhen's construction of a pilot demonstration area of socialism with Chinese characteristics, and also provides a new "space focus" for future Shenzhen-Hong Kong cooperation.

October 20, 2023 - The "Going Global" comprehensive service base for Chinese enterprises was launched, and the physical base was located in the Chuangxiangwan Building in Nansha District.

Interpretation: The base will be built into a world-class integrated comprehensive service platform for cross-border investment and financing of enterprises, providing strong support for enterprises engaged in cross-border business.

On 30 October 2023, the Hong Kong Special Administrative Region (HKSAR)** promulgated the Northern Metropolis Programme of Action, setting out a detailed blueprint for the development of the Northern Metropolis.

Interpretation: The development of the Northern Metropolis will promote closer economic cooperation and connectivity between Hong Kong and other cities in the Guangdong-Hong Kong-Macao Greater Bay Area, and seize the important opportunities brought by the high-quality development of the Greater Bay Area. In particular, different regions in the Northern Metropolis can complement each other's advantages and develop in synergy with other districts in Shenzhen, injecting new impetus into the development of the entire Greater Bay Area.

On November 28, 2023, the concrete pouring of the ballast bin in the submarine tunnel of the Shenzhen-Zhongshan Corridor was completed, marking the breakthrough of the submarine tunnel, which also means that the main line of the Shenzhen-Zhongshan Corridor has been completed.

Interpretation: The Shenzhen-Zhongshan Corridor will be officially opened to traffic in 2024. At that time, the driving time between Shenzhen and Zhongshan will be shortened from the current 2 hours to about 20 minutes, and the Shenzhen-Zhongshan Corridor will become a major transportation artery connecting the urban agglomerations on the east and west sides of the Pearl River Estuary.

On 10 December 2023, ** approved the "Overall Development Plan for the Guangdong-Macao In-Depth Cooperation Zone in Hengqin" and the "Overall Development Plan for the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone".

Interpretation: The above two plans require deepening reform and opening up, strengthening institutional innovation, and adhering to mutually beneficial cooperation, which is conducive to "drawing a blueprint to the end" of the two cooperation zones and laying a solid foundation for the realization of the long-term development goals of the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area.

On 21 December 2023, the Master Development Plan for the Guangdong-Macao In-Depth Cooperation Zone in Hengqin was officially announced, providing an important basis for the current and future construction and development of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin.

Interpretation: The Hengqin Master Plan sets three phased goals for 2024, 2029 and 2035 and the development goals of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, shaping a new pattern of integrated development between Hengqin and Macao.

On 21 December 2023, the "Overall Development Plan for the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone" was officially released, with a planning period until 2035.

Interpretation: The Qianhai Master Plan is full of dry goods, which will push Hong Kong-Shenzhen cooperation to a new level, give full play to the leading role of Hong Kong and Shenzhen as the engines of the Guangdong-Hong Kong-Macao Greater Bay Area, and promote the development of the Greater Bay Area into a world-class innovation platform and growth pole.

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