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Overview

Guangdong-Hong Kong-Macao Greater Bay Area
 

The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) project is a national strategy by the Chinese government to link nine cities in the Guangdong Pearl River Delta Economic Zone (PRD) with Hong Kong and Macao. The GBA aims to be a/an:

  1. vibrant world-class city cluster, which will lead China’s efforts in deepening reforms and opening up;
  2. International Technology Innovation Centre, which aims to be at the forefront of global technology advancement;
  3. strong pillar in supporting China’s Belt & Road Initiative (BRI);
  4. demonstrative zone for deepening cooperation between Mainland China and the Special Administrative Regions (SARs); and;
  5. region for quality living.

Innovation will form the foundation of GBA’s economy and development model. To develop the GBA into an International Technology Innovation Centre, there are plans to build a Guangzhou-Shenzhen-Hong Kong-Macao Technology Innovation Corridor, which will explore policy initiatives on cross border movement of talents, capital, information and technologies.

Hong Kong, Macao, Guangzhou and Shenzhen have been designated the core cities of the GBA. Specifically, Hong Kong will be the international finance, navigation and trade centre, as well as a transport hub for the GBA; Macao will be an international tourism city and a platform for enhanced trade and investments with Portuguese-speaking countries; Guangzhou will take on a leading role as the regional administrative centre; while Shenzhen will spearhead innovation development and leverage its unique status as a Special Economic Zone to experiment with new reforms.

Of the remaining PRD cities, Zhuhai, Foshan, Zhongshan and Dongguan are in the second tier, identified to develop strengths in high-tech sectors such as advanced manufacturing, as these four cities bordering the first tier cities have traditional strengths in the manufacturing industries. In addition, Guangzhou and Foshan; Macao and Zhuhai; and Hong Kong and Shenzhen, have been paired as regional sub-clusters to accelerate integration and development of the GBA.

Guangdong Province
 
KEY STATISTICS (2018)
Guangdong Guangzhou Shenzhen Foshan Dongguan Zhuhai Zhongshan
AREA
(SQ KM)
179,800 7,434.4 1,991.6 3,848.5 2,465.0 1,701.0 1,784.0
PERMANENT POPULATION
(MILLION)
113.5 14.9 13.0 7.9 8.4 1.8 3.3
POPULATION DENSITY
(PER SQ KM)
631.3 2,004.2 6,527.4 2,053.0 3,408.0 1,058.0 1,850.0
2018 Economic Statistics
GDP
(RMB BILLION)
9,727.8 2,285.9 2,422.2 993.6 827.9 296.6 363.3
GDP GROWTH
YEAR-ON-YEAR
+6.8% +6.2% +7.6% +6.3% +7.4% +8.0% +5.9%
GDP PER CAPITA
(RMB)
85,707 153,416 186,323 125,772 98,560 165,100 110,091
TRADE
(RMB BILLION)
7,161.8 981.0 2,998.4 459.9 1,341.9 324.6 234.2
ACTUAL FDI FLOW
(USD BILLION)
145.1 6.6 8.2 1.6 1.2 2.4 0.5
KEY STATISTICS (2018)
AREA
(SQ KM)
PERMANENT POPULATION
(MILLION)
POPULATION DENSITY
(PER SQ KM)
 
GDP
(RMB BILLION)
GDP GROWTH
YEAR-ON-YEAR
GDP PER CAPITA
(RMB)
TRADE
(RMB BILLION)
ACTUAL FDI FLOW
(USD BILLION)

Source: Guangdong Statistical Bureau

Iconic Singapore projects in Guangdong include:

  1. Guangzhou: China-Singapore Guangzhou Knowledge City, Capitaland’s Datansha Healthcare City
  2. Foshan: Mapletree’s Education Hub
  3. Dongguan: PSA’s Dongguan Container Terminal

Hong Kong and Macao
 
KEY STATISTICS (2018)
Hong Kong Macao
AREA
(SQ KM)
1,106.66 32.9
PERMANENT POPULATION
(MILLION)
7.482.5 0.667
POPULATION DENSITY
(PER SQ KM)
6,761.3 20,285.7
2018 Economic Statistics
GDP
(RMB BILLION)
364.8 54.49
GDP GROWTH
YEAR-ON-YEAR
3.0% 4.7%
GDP PER CAPITA
(RMB)
48,958 82,536
TRADE
(RMB BILLION)
1,138.4 12.66
ACTUAL FDI FLOW
(USD BILLION)
110.7 28.1
KEY STATISTICS (2018)
AREA
(SQ KM)
PERMANENT POPULATION
(MILLION)
POPULATION DENSITY
(PER SQ KM)
 
GDP
(RMB BILLION)
GDP GROWTH
YEAR-ON-YEAR
GDP PER CAPITA
(RMB)
TRADE
(RMB BILLION)
ACTUAL FDI FLOW
(USD BILLION)

Source: Census and Statistics Department, HKSAR and Yearbook of Statistics of Macao 2018

Singapore projects in Hong Kong and Macao include:

  1. Hong Kong: Singapore International School, Mapletree’s Festival Walk shopping mall
  2. Macao: Ascott Macao serviced residence

Fujian Province
 

Fujian’s economic hub is made up of the four cities of Fuzhou (provincial capital), Xiamen, Quanzhou, and Zhangzhou. Collectively, they account for nearly 70% of the province’s GDP. Fujian enjoyed relatively strong economic growth in the last five years, and was China’s 10th largest provincial economy in 2018.

To drive further economic growth, Fujian aims to promote industrial restructuring and upgrading through adopting innovation and entrepreneurship, promoting the clustering of high-end industries, and developing modern services. Emphasis will also be placed on the integration of urban and rural development to develop Fujian as a sustainable and liveable place through environmental protection and digitisation of information. Fujian will also leverage the Belt & Road Initiative (BRI) to strengthen its cooperation with Guangdong, Zhejiang and other neighbouring provinces, as well as external markets such as Taiwan. This is to strengthen its positioning in the 21st Century Maritime Silk Road.

Fujian’s Free Trade Zone (FTZ), established in 2015, will see a concentration of some of these developments. The Fujian FTZ comprises the following areas, each with its own focus areas:

  • Pingtan (43 sq km) – International Tourism Island and pilot zone for cross-straits interaction
  • Xiamen (43.78 sq km) – emerging industries and modern services, international transportation and financial trading hub
  • Fuzhou (31.26 sq km) – advanced manufacturing, international cooperation platform for the 21st Century Maritime Silk Road and pilot zone for cross-strait financial and services innovation.
KEY STATISTICS (2018)
Fujian Fuzhou Xiamen Quanzhou
AREA
(SQ KM)
124,000 13,066 1,865 11,000
PERMANENT POPULATION
(MILLION)
39.4 7.74 4.11 8.65
POPULATION DENSITY
(PER SQ KM)
317.7 592.4 2,203.7 786.4
2018 Economic Statistics
GDP
(RMB BILLION)
3,580.4 775.0 479.1 845.8
GDP GROWTH
YEAR-ON-YEAR
+8.3% +8.5% +7.7% +8.9%
GDP PER CAPITA
(RMB)
91,805 100,129 116,569 97,780
TRADE
(RMB BILLION)
1235.4 251.5 600.2 185.4
ACTUAL FDI FLOW
(USD BILLION)
4.63 0.81 1.63 0.63
KEY STATISTICS (2018)
AREA
(SQ KM)
PERMANENT POPULATION
(MILLION)
POPULATION DENSITY
(PER SQ KM)
 
GDP
(RMB BILLION)
GDP GROWTH
YEAR-ON-YEAR
GDP PER CAPITA
(RMB)
TRADE
(RMB BILLION)
ACTUAL FDI FLOW
(USD BILLION)

Source: Fujian Statistical Bureau

Singapore projects in Fujian include:

  1. Fuzhou: PSA’s container terminals in Mawei Port District and Jiangyin Port District
  2. Xiamen: ST Aerospace’s engine maintenance, repair and overhaul (MRO) facility in Xiamen Aviation Industrial Zone, YCH Group’s Distripark in Xiangyu Bonded Logistics Park, Straco’s Xiamen Underwater World
  3. Quanzhou: Luzerne Group’s ceramics tableware factory in Dehua
  4. Zhangzhou: Bee Cheng Hiang’s factory in Jiaomei Industries Comprehensive Development Zone

Hainan Province
 

Hainan, a tropical island off China’s south coast, was designated as a province and Special Economic Zone (SEZ) in 1988. Today, the services industry is the most significant contributor to Hainan’s GDP, accounting for more than half of the economy’s output. Agriculture and tourism are its key sectors.

Hainan is set to transform into an island-wide pilot FTZ and subsequently, a Free Trade Port (FTP). As China’s first and only FTP, Hainan will be a pilot zone for further opening up, with reforms relating to the free movement of goods, capital and people expected. Its services sectors, in particular, are set to receive a boost from the reforms.

KEY STATISTICS (2018)
Hainan Haikou Sanya
AREA
(SQ KM)
35,400 3,119 1,921
PERMANENT POPULATION
(MILLION)
9.34 2.3 0.615
POPULATION DENSITY
(PER SQ KM)
263.8 737.4 320.1
2018 Economic Statistics
GDP
(RMB BILLION)
483.21 151.11 59.6
GDP GROWTH
YEAR-ON-YEAR
5.8% 7.6% 7.2%
GDP PER CAPITA
(RMB)
51,955 66,042 30,487
TRADE
(RMB BILLION)
12.83 34.12 6.29
ACTUAL FDI FLOW
(USD BILLION)
0.733 0.25 0.78
KEY STATISTICS (2018)
AREA
(SQ KM)
PERMANENT POPULATION
(MILLION)
POPULATION DENSITY
(PER SQ KM)
 
GDP
(RMB BILLION)
GDP GROWTH
YEAR-ON-YEAR
GDP PER CAPITA
(RMB)
TRADE
(RMB BILLION)
ACTUAL FDI FLOW
(USD BILLION)

Source: Hainan Government Official Website

Singapore projects in Hainan include:

  1. Jinghope Holdings’ 5-star hotel and residential villas at Sanya Haitang Bay (managed under the Edition brand)
  2. Yanlord Land Group’s 5-star hotel and residential villas at Sanya Haitang Bay (managed under the Crowne Plaza brand)



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(Last updated on 12 September 2019 18:06:22)