The Greater Bay Area Entrepreneurs Forum
Hong Kong's Strategic Role in Driving Sustainable Development
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The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) have a combined population of approximately 86 million people. Its diverse economy includes technology, finance, manufacturing, and logistics, and it has emerged as a global innovation and technology hub. The GBA boasts advanced infrastructure, including extensive transport networks, high-speed rail, airports, and bridges that enhance city connectivity.
There are 22 GBA companies listed in the 2024 Fortune Global 500. In 2023, these enterprises generated approximately $1.4 trillion in revenues, contributing about 12.7% of the total revenues of China's 133 Fortune Global 500 companies, which reached $11 trillion. The companies span diverse areas like information technology, automobiles, biomedicine, finance, infrastructure development, and real estate.
The GBA's cultural diversity is a product of its rich history, dynamic economy, and the interplay of traditional and modern influences. This vibrant cultural landscape enhances the quality of life of its residents and makes it an attractive destination for visitors and investors alike.
The GBA's economic dynamism, supportive policies, robust infrastructure, and collaborative environment create a fertile ground for SMEs to innovate, grow, and succeed in a competitive landscape.
Dr Jane Lee, President of OHKF, emphasised, “This year marks the 10th Anniversary of OHKF. As a leading think tank ranked among the top 1% globally, we are committed to advancing public policy research and advocacy, connecting globally, and contributing to Hong Kong’s prosperity, stability, and sustainable development.
The Forum exemplifies our dedication to fostering business growth in the GBA on a global scale, providing foreign enterprises with valuable insights into the region's potential.”
She continued, “Focusing on both development opportunities and challenges within the GBA, the Forum gathers visionary leaders, thinkers, and practitioners from diverse fields. Together, they are committed to shaping the future of this vibrant economic hub and igniting conversations that will drive sustainable growth and enhance cross-border collaboration.”
Diving into Data
The Index covers six key sectors: financial services, innovation and technology, trade and logistics, manufacturing, construction and real estate, culture, sports, and tourism. The Index provides insights into city advantages, policy analysis, growth trends, and a confidence index, making it an essential resource for understanding the GBA's economic landscape.
.jpg "Our Hong Kong Foundation–Dah Sing Bank Greater Bay Area Industry Development Index 2024” is to be held on 5 November. Photo: Our Hong Kong Foundation.")
The Index will give business leaders, entrepreneurs, and investors essential insights into market trends and growth opportunities. It will also inform government policy decisions and strengthen regional development strategies. Researchers and academics find the Index valuable for economic development and urban planning," said Pascal Siu, a Senior Researcher at OHKF.
Insights and Innovation
It will delve into cutting-edge trends in smart city development and sustainable practices by bringing together an impressive array of business leaders and entrepreneurs from the GBA and the Asia-Pacific region.
With over 15 SMEs showcasing their groundbreaking solutions, this event promises to expand business horizons and unlock new avenues for growth and partnership. Don't miss this chance to be part of a transformative dialogue shaping the future of the GBA!
.jpg "The Guangdong-Hong Kong- Macao Greater Bay Area Entrepreneurs Forum 2024: Hong Kong’s Role in the New Era - Pre-forum Dialogue, Pitching, and Mingling Session” is to be held on 5 November. Photo: Our Hong Kong Foundation.")
Dr Jane Lee emphasised, "Beyond attracting businesses to the GBA, it is crucial to recognise Hong Kong's pivotal position as a bridge between China and the international community."
Hong Kong must leverage its distinctive strengths in financial and technological innovation, talent cultivation, and global connectivity to propel the growth of the GBA. This initiative aligns with the 14th Five-Year Plan for Economic and Social Development and the Central Government's Long-Range Objectives through 2035. By harnessing these assets, Hong Kong can play a pivotal role in fostering regional collaboration, enhancing its competitive edge, and contributing to sustainable economic development in the GBA.
.jpg "The Guangdong-Hong Kong-Macao Greater Bay Area Entrepreneurs Forum 2024: Hong Kong’s Role in the New Era” is to be held on 6 November. Photo: Our Hong Kong Foundation.")
With a focus on key areas such as financial industries, artificial intelligence, high-end manufacturing, financial services, the green economy, and digital assets, the forum will feature over 30 distinguished speakers and panellists, including leaders and entrepreneurs from diverse sectors. They will illuminate Hong Kong's role as a conduit for opportunity and address the challenges ahead. Importantly, the forum is designed to significantly accelerate high-quality development across the GBA through knowledge sharing and collaboration.
This year marks the fifth anniversary of the Outline Development Plan for the GBA, which implemented various measures to help Hong Kong businesses leverage recent economic and technological advancements and explore new opportunities with a fresh perspective.
As the GBA continues to evolve, collaboration, innovation, and visionary leadership are paramount. Whether you are an experienced entrepreneur, a budding innovator, or a forward-thinking policymaker, the forum offers a gateway to new opportunities and valuable connections in one of Asia's most dynamic economic regions.