China Housing Network News On February 18th, the long-awaited Guangdong-Hong Kong-Macao Greater Bay Area Planning Outline was officially released, which was an important milestone in the development of China economy.
according to the outline, Guangdong-Hong Kong-Macao Greater Bay Area will be built into a base of emerging industries, advanced manufacturing industries and modern service industries in the world and a world-class urban agglomeration. Among them, by 222, the comprehensive strength of Guangdong-Hong Kong-Macao Greater Bay Area will be significantly enhanced, and the framework of a world-class bay area and a world-class urban agglomeration will basically take shape; By 235, an economic system and development model with innovation as the main support will be formed, and the ability to lead and drive the surrounding areas will be further enhanced, and a world-class bay area suitable for living, industry and tourism will be built in an all-round way.
The person in charge of the Guangdong-Hong Kong-Macao Greater Bay Area Construction Leading Group Office said that the principles of "one country, two systems", "Hong Kong people ruling Hong Kong" and "Macao people ruling Macao" and a high degree of autonomy will be fully and accurately implemented, and the Constitution and the Basic Law will be strictly followed. We will work with Guangdong, Hong Kong and Macao and relevant departments to do all the tasks in a nail-biting spirit, promote the implementation of all the beautiful visions in the planning blueprint, and welcome all sectors of society to actively participate in the construction of Greater Bay Area. * * * Together, Guangdong-Hong Kong-Macao Greater Bay Area will be built into a world-class bay area and a high-quality living circle suitable for living, working and traveling, which will enhance the well-being of people in Guangdong, Hong Kong and Macao and become a model for solidly promoting high-quality development.
The positioning of the four core cities has been released
One of the most important points of the Outline is the "top-level design" of the division of labor and cooperation of Guangdong-Hong Kong-Macao Greater Bay Area "9+2" urban agglomeration.
According to the Outline document, Guangdong-Hong Kong-Macao Greater Bay Area includes Hong Kong Special Administrative Region, Macao Special Administrative Region and Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing (referred to as the nine cities of the Pearl River Delta), with a total area of 56, square kilometers and a total population of about 7 million at the end of 217. It is one of the regions with the highest degree of openness and the strongest economic vitality in China. Building Guangdong-Hong Kong-Macao Greater Bay Area is not only a new attempt to promote the formation of a new pattern of all-round opening up in the new era, but also a new practice to promote the development of "one country, two systems".
Zhang Yansheng, chief researcher of China International Economic Exchange Center, said that the planning greatly respects the basic conditions of Guangdong-Hong Kong-Macao Greater Bay Area's development and differentiated division of labor.
Statistics of the full text of the Outline show that the four central cities play a "core engine" role in terms of frequency of reference: among them, Hong Kong was mentioned 12 times, Macau 9 times, Guangzhou 41 times and Shenzhen 39 times. At the same time, Zhuhai was also entrusted with an important task, and * * * was mentioned 2 times. In addition, Foshan was mentioned 9 times, Huizhou 6 times, Dongguan 8 times, Zhongshan 9 times, Jiangmen 7 times and Zhaoqing 5 times.
It can also be seen from this data that there is no doubt that Hong Kong is the "leading" in Guangdong-Hong Kong-Macao Greater Bay Area.
For a long time to come, all cities in Greater Bay Area will start financial opening, transportation planning and industrial layout under the guidance of this "Master Plan". Then, how will the 11 cities shoulder the heavy responsibility and change the urban pattern of Greater Bay Area?
The Outline of the four major central cities proposes to optimize and upgrade the central cities. Taking Hong Kong, Macao, Guangzhou and Shenzhen as the core engines of regional development, we will continue to give full play to our comparative advantages to become better and stronger, and enhance the radiation-driven role in the development of surrounding areas.
Hong Kong: a more competitive international metropolis
Among the four central cities, Hong Kong ranks first: consolidating and upgrading its position as an international financial, shipping, trade and aviation hub, strengthening its position as a global offshore RMB business hub, an international asset management center and a risk management center, promoting the development of finance, commerce, logistics and professional services in the direction of high-end and high value-added, vigorously developing innovation and science and technology, cultivating emerging industries and building the Asia-Pacific region.
Hong Kong has a great responsibility to build an international science and technology innovation center. Hong Kong is rich in scientific and technological innovation resources, but the shortcomings are also obvious, that is, the commercialization ability of achievements is insufficient. To this end, the "Outline" proposes to promote the construction of the "Guangzhou-Shenzhen-Hong Kong-Macao" science and technology innovation corridor, explore policy measures conducive to the cross-border flow and regional integration of innovative elements such as talents, capital, information and technology, and build a big data center and an international innovation platform in Dawan District of Guangdong, Hong Kong and Macao.
At the same time, in order to give full play to Hong Kong's financial service function, support Hong Kong private equity funds to participate in the financing of innovative technology enterprises in Greater Bay Area, and allow qualified innovative technology enterprises to enter the financing platform of listing in Hong Kong, so as to develop Hong Kong into a financing center for high-tech industries in Greater Bay Area. In addition, in terms of financial market interconnection, Hong Kong will be supported to develop more offshore RMB, commodities and other risk management tools.
Macao: Promoting Moderately Diversified Economic Development
Following Hong Kong, Macao has been named in the Outline for 9 times.
Although Macao's economy is highly developed, its total economic output is not outstanding due to its small size. Moreover, the economic structure is relatively simple, relying too much on tourism and gambling. Taking the data of 217 as an example, Macao's GDP is 31.2 billion yuan, of which the gaming industry accounts for half of the country, reaching 49.1%.
To this end, the Outline also puts forward a very targeted positioning for Macao:
Building a world tourism and leisure center, a service platform for business cooperation between China and Portuguese-speaking countries, promoting moderate and diversified economic development, and building an exchange and cooperation base with Chinese culture as the mainstream and diverse cultures.
in terms of industrial layout, support the construction of a platform for the development of Chinese medicine science and technology industry in Macao. Support Macao to build a financial service platform for China-Portuguese-speaking countries, establish an export credit insurance system, and build it into a RMB clearing center for Portuguese-speaking countries. Study and explore the construction of Macao-Zhuhai cross-border financial cooperation demonstration zone.
Guangzhou: Strive to build an international metropolis
As the capital of Guangdong Province, Guangzhou's position in Guangdong-Hong Kong-Macao Greater Bay Area should not be underestimated.
according to the outline, Guangzhou should give full play to its leading role as a national central city and a comprehensive gateway city, comprehensively enhance its functions as an international business center and a comprehensive transportation hub, cultivate and upgrade its functions as a scientific, technological, educational and cultural center, and strive to build an international metropolis.
In terms of major innovation carrier construction, the Outline focuses on Hong Kong-Shenzhen Innovation and Technology Park, Sino-Singapore Guangzhou Knowledge City, Nansha Qingsheng Science and Technology Innovation Industrial Base and Hengqin Guangdong-Macao Cooperative Chinese Medicine Science and Technology Industrial Park, of which Guangzhou has two seats.
accelerating the interconnection of infrastructure is also one of the main tasks of Guangdong-Hong Kong-Macao Greater Bay Area's current construction. According to the Outline, Guangzhou, Shenzhen and other airports will be rebuilt and expanded, and the preliminary research work of Guangzhou new airport will be carried out. In the "Guangzhou Comprehensive Transportation Hub Master Plan (218~235)" published last month, there is also the expression of "planning and studying Guangzhou Second Airport".
In addition, the Outline also proposes to support Guangzhou to improve the modern financial service system, build a regional private equity trading market, and build a regional trading center for property rights and bulk commodities to enhance the level of internationalization. Support Guangzhou to build a green financial reform and innovation pilot zone, and study the establishment of an innovative futures exchange with carbon emissions as the first variety.
Shenzhen: an innovative and creative capital with world influence
As one of the core engines of regional development, Shenzhen should play a leading role as a special economic zone, a national economic center city and a national innovative city, accelerate the construction of a modern and international city, and strive to become an innovative and creative capital with world influence. In terms of scientific and technological innovation cooperation, the Outline mentions that it is necessary not only to promote the construction of the "Guangzhou-Shenzhen-Hong Kong-Macao" scientific and technological innovation corridor, but also to build a big data center and an international innovation platform in Dawan District of Guangdong, Hong Kong and Macao, and also to support the establishment of the "One Belt, One Road" life science and technology promotion alliance based on the Shenzhen National Gene Bank.
in addition, in promoting the transformation of scientific and technological achievements, we should give full play to the functions of capital markets and financial services in Hong Kong, Macao, Shenzhen and Guangzhou, and cooperate to build a diversified, international and cross-regional investment and financing system for scientific and technological innovation. In the system of cultural and creative industries, we will support Shenzhen to introduce world-class creative design resources and vigorously develop fashion and cultural industries.
Important node cities, the Outline also mentions that Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen, Zhaoqing and other cities should be supported to give full play to their own advantages, deepen reform and innovation, enhance their comprehensive strength, and form important node cities with distinctive features, complementary functions and competitiveness. Enhance the coordination of development, strengthen interaction and cooperation with central cities, promote the development of surrounding characteristic towns, and improve the development quality of urban agglomerations.
Zhuhai: Cooperate with Macao to build a world tourism and leisure center
After the opening of the Hong Kong-Zhuhai-Macao Bridge, Zhuhai became the only city connected with land bridges in Hong Kong and Macao. According to the Outline, Zhuhai will also enhance the airport function and promote the dislocation development and benign interaction of Greater Bay Area Airport. In addition, it will deepen the reform of low-altitude airspace management, accelerate the development of general aviation, steadily develop cross-border helicopter services, and build a comprehensive demonstration zone for general aviation industry in Shenzhen and Zhuhai.
hengqin island, Zhuhai, which faces Macau across the river, occupies the best geographical position. "Outline" lists "* * to build a platform for Guangdong, Hong Kong and Macao's cooperation and development" as a separate chapter, which focuses on the development and construction of three major platforms: Shenzhen Qianhai, Guangzhou Nansha and Zhuhai Hengqin. For example, it will cooperate with Macao to build a world tourism and leisure center, build Zhuhai Hengqin International Leisure Tourism Island at a high level, make overall plans to study the convenient measures for tourists to travel between Hengqin and Macao, and allow tourism professionals, Macao to provide related services to Hengqin.
Foshan: a comprehensive reform pilot of manufacturing transformation and upgrading
Foshan is an important manufacturing base in China. In order to optimize the industrial layout, the Outline proposes to improve the development level of the national demonstration base of new industrialized industries, build an advanced equipment manufacturing industrial belt on the west bank of the Pearl River with Zhuhai and Foshan as the leaders, and support Foshan to carry out a comprehensive reform pilot of manufacturing transformation and upgrading. Nine cities in the Pearl River Delta need to give full play to their respective advantages, build various cooperation parks with Hong Kong and Macao, expand the space for economic cooperation, and achieve mutual benefit. For example, the Outline supports Foshan Nanhai to promote high-end service cooperation between Guangdong, Hong Kong and Macao, and build a bridge between Guangdong, Hong Kong and Macao's market interconnection, talent information technology and other economic factors.
Foshan and Guangzhou together form the "Guangfo Metropolitan Area". In terms of spatial layout, we should give full play to the leading role of Guangzhou-Foshan strong alliance, accelerate the construction of Guangzhou-Foshan integration, enhance the overall strength and global influence, and lead Guangdong-Hong Kong-Macao Greater Bay Area to participate in international cooperation deeply.
Huizhou: Explore the opening of maritime tourist routes
The Outline proposes to actively expand Guangdong-Hong Kong-Macao Greater Bay Area's cooperation in the fields of education, culture, tourism, social security, etc., and * * * * to create a high-quality life circle with high-quality public services, livable and suitable for business and tourism.
Huizhou, as one of the largest marine cities in Guangdong, is adjacent to Dapeng Bay in the west, Hong Kong in the southwest, Red Bay in the east and the vast South China Sea in the south. The "Outline" mentioned that it will explore the opening of the Hong Kong-Shenzhen-Huizhou-Shanwei maritime tourism route. In addition, it will also build a high-level production and supply base for green agricultural products in Huizhou, Guangdong, Hong Kong and Macao.
Dongguan: R&D base of strategic emerging industries
Dongguan is also a world-famous manufacturing city. It is mentioned in the Outline that Shenzhen and Dongguan should be the core to build a world-class advanced manufacturing industrial cluster with global influence and competitiveness on the east bank of the Pearl River, and it is proposed to support Dongguan and other cities to promote the transformation and upgrading of traditional industries. In terms of building a platform for cooperation between Guangdong, Hong Kong and Macao, Dongguan should combine its own characteristics to develop a distinctive cooperation platform. Specifically, it should support Dongguan and Hong Kong to jointly develop and build the marina bay area in Dongguan, gather high-end manufacturing headquarters, develop modern service industries, and build a research and development base for strategic emerging industries.
Zhongshan: Deeply tap Sun Yat-sen's cultural resources
It is mentioned in the Outline that we should give full play to the comprehensive advantages of Greater Bay Area's long-term intersection of Chinese and Western cultures, promote exchanges and cooperation between Chinese culture and other cultures, innovate ways of people-to-people exchanges, enrich the content of cultural exchanges and improve the level of cultural exchanges. As for Zhongshan, as the hometown of Sun Yat-sen, the document mentions that it will support its deep excavation and promotion of Sun Yat-sen's cultural resources. Zhuhai, Jiangmen and Zhongshan are located on the west bank of the Pearl River. Compared with other Guangdong cities in Guangdong-Hong Kong-Macao Greater Bay Area, they are the closest to Macau. The "Outline" mentioned that Macao and Zhongshan will promote in-depth cooperation in economy, society and culture, and expand new space for Macao's moderate and diversified economic development.
Jiangmen: an important platform for cultural exchanges and cooperation between overseas Chinese
Jiangmen is a famous hometown of overseas Chinese. It is mentioned in this Outline that Jiangmen should be supported to build an important platform for cultural exchanges and cooperation between overseas Chinese. The Outline also proposes to support Jiangmen to cooperate with Hong Kong and Macao to build the Daguang Bay Economic Zone and expand cooperation in the fields of finance, tourism, cultural creativity, e-commerce, marine economy, vocational education, life and health. Accelerate the development of the coastal area of Yinhu Bay in Jiangmen, and form an international gathering place for energy conservation and environmental protection industries and an innovative platform for attracting investment, attracting talents and starting businesses for Hong Kong and Macao residents and overseas Chinese in the world.
Zhaoqing: a green agricultural and sideline products distribution base
According to the Outline, Guangdong-Hong Kong-Macao Greater Bay Area will focus on connecting the mainland, Hong Kong and Macao, and the east and west banks of the Pearl River Estuary, and build an intercity rapid transportation network with high-speed railways, intercity railways and high-grade highways as the main bodies, and strive to achieve one-hour access between major cities in Greater Bay Area. Specific to Zhaoqing, the Outline proposes that the preliminary work of regional corridor projects such as Guangzhou via Maoming, Zhanjiang-Hai 'an Railway and Liuzhou-Zhaoqing Railway will be carried out in due course to study the feasibility of further extension of Guangzhou-Qingyuan Railway.
at the same time, strengthen the safety cooperation of food and edible agricultural products, and build Zhaoqing (Huaiji) green agricultural and sideline products distribution base at a high level.
eight highlights
so, what are the main points of the outline that deserve attention? What development opportunities will cities and industries in Greater Bay Area have? How will the capital market dance with it? Let's take a look at the highlights.
Highlight 1: Scientific and technological innovation becomes the top priority
Guangdong-Hong Kong-Macao Greater Bay Area is a dynamic world-class urban agglomeration and an international scientific and technological innovation center with global influence, and scientific and technological innovation has become the top priority of Guangdong-Hong Kong-Macao Greater Bay Area's construction.
The Outline mentions that it is necessary to promote the construction of the "Guangzhou-Shenzhen-Hong Kong-Macao" science and technology innovation corridor, explore policy measures that are conducive to the cross-border flow and regional integration of innovative elements such as talents, capital, information and technology, and build a big data center and an international innovation platform in Dawan District of Guangdong, Hong Kong and Macao.
It is worth noting that the Outline proposes to build a financial support platform for scientific and technological innovation and carry out pilot projects of intellectual property securitization relying on the regional equity trading market.
Highlight 2: Broadband expansion between Guangdong, Hong Kong and Macao
The Outline proposes to build a new generation of information infrastructure, build a smart city group and improve the level of network security. Promote the broadband expansion of the interconnection between Guangdong, Hong Kong and Macao, comprehensively lay out the next generation Internet based on Internet Protocol Version 6 (IPv6), and promote the IPv6 upgrade of backbone networks, metropolitan area networks, access networks, Internet data centers and support systems. In addition, we will promote the reduction of long-distance and roaming charges for mobile phones in Guangdong, Hong Kong and Macao, and actively carry out feasibility studies on canceling long-distance and roaming charges for mobile phones in Guangdong, Hong Kong and Macao to provide basic support for the construction of smart cities.
Highlight 3: Promoting financial market interconnection
Guangdong-Hong Kong-Macao Greater Bay Area was built under the conditions of one country, two systems, three customs territories and three currencies, and there is no precedent in the world. For the development of the financial industry, there are also many bright spots in the Outline.
the outline