Greater Bay Area Focus
- Market Focus
- Greater Bay Area Focus
The Greater Bay Area consists of the two Special Administrative Regions of Hong Kong and Macao, and the nine municipalities of Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen, and Zhaoqing in Guangdong Province.
The Greater Bay Area (GBA) – a region in Southern China that comprises two Special Administrative Regions and nine municipalities in Guangdong Province covering a total area of 56,000 km2 with approx. 70 million population and an aggregate GDP of US$1.5 trillion at the end of 2017 – is an initiative that has great significance in China’s development blueprint.
The GBA blueprint was revealed in February 2019 and details the concepts of how to transform the eleven cities into a global economic powerhouse. The blueprint touches upon encouraging governments in Hong Kong, Macao, and Guangdong to strengthen communication and cooperation with each other, and promoting the idea of cross-border collaboration. Hong Kong, Macao, Shenzhen and Guangzhou would be the key cities and core engines in GBA to lead regional development and reform as well as the driving forces for innovation.
Average GDP per capita more than double the China average
12% of China's GDP
2.6 times as big as New York Metropolitan Area
12th largest economic entity in the world
9 times as many people as in San Francisco Bay Area
Consumers spending almost 30% of their income on daily expenses
The consumer market expected to double by 2025
GBA Cities
Area: 1,110 Km2
Population: 7.47 million
GDP: US $346.59 bn
Per-capita GDP: US $46,325
Area: 33 Km2
Population: 0.68 million
GDP: US $24.33 bn
Per-capita GDP: US $35,714
Area: 1,997 Km2
Population: 17.56 million
GDP: US $401.17 bn
Per-capita GDP: US $22,846
Area: 7,434 Km2
Population: 18.68 million
GDP: US $362.73 bn
Per-capita GDP: US $19,422
Area: 1,736 Km2
Population: 2.44 million
GDP: US $50.48 bn
Per-capita GDP: US $20,693
Area: 1,784 Km2
Population: 4.42 million
GDP: US $45.69 bn
Per-capita GDP: US $10,342
Area: 2,460 Km2
Population: 10.47 million
GDP: US $139.91 bn
Per-capita GDP: US $13,367
Area: 3,798 Km2
Population: 9.50 million
GDP: US $156.82 bn
Per-capita GDP: US $16,509
Area: 14,891 Km2
Population: 4.11 million
GDP: US $33.51 bn
Per-capita GDP: US $8,147
Area: 11,347 Km2
Population: 6.04 million
GDP: US $61.21 bn
Per-capita GDP: US $10,129
Area: 9,507 Km2
Population: 4.80 million
GDP: US $46.41 bn
Per-capita GDP: US $9,672
Source: Census and Statistics Department of Hong Kong, Statistics and Census Service of Macao, the statistics bureaux of the relevant PRD cities, HKTDC
CW's Greater Bay Area Focus
For the past years, CW Group has been cultivating good relationship with government entities in Hong Kong, Shenzhen, Guangzhou and Zhuhai as well as collaborating with foreign chambers and working closely with our strategic partners in the GBA. We have developed a strong GBA presence with our headquarter in Hong Kong and our China offices strategically located in Shenzhen and Guangzhou.
As your trusted advisor, CW can assist your enterprise or business to set foot in Shenzhen, Guangzhou and further afield in the GBA via Hong Kong as a gateway to the Chinese market and conversely help Chinese companies in the GBA to go global with our extensive Mainland and International network.
With the ever-changing and complicated regulatory environment in China, our strategic partnership with Z&T Law Firm in Guangzhou provides legal consultancy services such as IP consultation, drafting business contracts, labor relations management and more. All in all, CW brings a one-stop solution to our clients and foreign enterprises planning to capture the tremendous opportunities introduced by the GBA Initiative.
Our China Consultancy Team (CCT), a team of multinational, multilingual and experienced professionals with accounting advisory and consulting capability, offers practical insights to help our clients make better judgement with their investment and expansion plan.
CW's Insights on Greater Bay Area
Investing in Shenzhen and the GBA: Hi-tech Powerhouse Unveils Plans to Widen Doors to Foreign Investment
At the forefront of innovative development, Shenzhen has captured the interest of foreign investors around the world. At the start of August 2023, the Shenzhen Municipal Government issued three documents,…
Guangdong-Macao In-depth Cooperation Zone in Hengqin, Zhuhai
The Guangdong-Macao In-depth Cooperation Zone in Hengqin, Zhuhai, is a significant development area aimed at supporting the growth and economic diversification of Zhuhai. It is part of the regional development…
The Automotive Spare Parts Industry in the Greater Bay Area
The automotive spare parts industry in the Greater Bay Area (GBA) is experiencing significant growth, driven by demand for high-quality products and innovation. The GBA is home to major automobile…
The Healthcare Industry in the Guangdong-Hong Kong-Macao Greater Bay Area: A Growing Opportunity for Foreign Investors
The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) in China has a rapidly growing healthcare industry with significant potential, driven by a large and growing market, favourable government policies, and a…
New Opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area’s Industries of Strategic Importance
Discover the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), a unique proposition for overseas companies with untapped business opportunities. As an industrial, services, and innovation powerhouse with gigantic, thriving markets, the…
The Guangdong–Hong Kong–Macao Greater Bay Area (GBA) playing a central role in China’s digital economy
China has made the digital economy a crucial part of its national development strategy, with a goal to increase the output of core industries in the digital economy to 10%…
