On April 10, a major event occurred in the Guangdong-Hong Kong-Macao Greater Bay Area. After five years of tackling world-class technical problems, the Gongbei Tunnel of the Zhuhai Link of the Hong Kong-Zhuhai-Macao Bridge has been fully connected, which also means that the Zhuhai Link has been fully connected.蔡加赞 It is estimated that the travel time from Zhuhai to Hong Kong will be changed from 3 hours after the opening of the whole line to 30 minutes.

The pearl River Delta of the Hong Kong-Zhuhai-Macao Bridge forms a closed expressway network connecting the three major economic circles of Shenzhen, Hong Kong-Zhuhai, Foshan, Zhuhai and Macau. imagination.

What is the Bay Area and the Bay Area Economy? The Bay Area is mostly used to describe the port clusters and town clusters composed of many seaports and towns distributed around the coastal ports. The economic effect derived from this is called the "Bay Area Economy". At present, the Bay Area has become an important growth pole that promotes global economic development and a leader in leading technological changes. According to a data from the World Bank, 60% of the global economy is concentrated in the estuary area.

There are three obvious bay areas in the world: New York Bay Area, San Francisco Bay Area and Tokyo Bay Area.

The New York Bay Area of ​​the United States is the world's financial center, with a population of 65 million, accounting for 20% of the total population of the United States, an urbanization level of more than 90%, and a manufacturing output value of more than 30% of the United States. The San Francisco Bay Area is one of the most important high-tech R&D centers in the world. It has the second largest Fortune 500 company in the United States and is known as Silicon Valley.

Judging from the experience of these well-known Bay Areas, compared with inland economic belts, the Bay Area economy often has significant characteristics: open economic structure, efficient resource allocation capabilities, strong agglomeration and spillover functions, and developed international exchange networks.

Is the ``Guangdong-Hong Kong-Macao Greater Bay Area'' proposed for the first time?

In fact, as early as the end of the last century, the concept of "Bay Area Economy" had already emerged.

In 2014, the Work Report of the Shenzhen Municipal Government for the first time proposed that Shenzhen should rely on the advantages of being adjacent to Hong Kong, backing by the pearl River Delta, and being located in the main channel of the Asia-pacific, focusing on building industrial clusters in the Bay Area such as Qianhai Bay, Shenzhen Bay, Dapeng Bay and Daya Bay, and building a "Bay Area" "Economy"[5], hoping to form a new pattern of opening to the outside world with the "Bay Area Economy".

In December last year, the "Notice on Accelerating Urban Agglomeration planning" issued by the National Development and Reform Commission proposed that the planning of inter-provincial urban agglomerations such as the pearl River Delta Bay Area should be launched in 2017. At this time, the concept of the Guangdong-Hong Kong-Macao Greater Bay Area officially entered the level of national strategic deployment.

In this year's "Government Work Report", for the first time, "the study and formulation of the development plan for the urban agglomeration in the Guangdong-Hong Kong-Macao Greater Bay Area" was included in the report.

Financial service institutions should be prepared to seize the opportunities in China's Greater Bay Area.

Three medium and long-term measures need to be taken

"Guangdong-Hong Kong-Macao Greater Bay Area” planning stage

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