1.       Overview

China’s Guangdong-Hong Kong-Macau Greater Bay Area (hereinafter referred to as the Greater Bay Area) consists of the Hong Kong Special Administrative Region, the Macao Special Administrative Region as well as Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing in Guangdong Province. It will become a world-class city cluster and an international first-class bay area.

The four core cities of the Greater Bay Area, i.e. Hong Kong, Macao, Guangzhou and Shenzhen, will serve as the core engines of regional development. The Greater Bay Area will propel the development in South Central China and Southwest China as well as Southeast and Southern Asia.

Shenzhen is China’s first special economic zone, featuring high-quality economic growth and sound structure. Its industrial structure is mainly composed of four pillar industries, i.e. the high-tech, finance, modern logistics and cultural and creative industry which account for more than 80% of the GDP. Its economic increment is chiefly from the emerging industries whose contribution to the growth of GDP accounts for around 50%. Shenzhen is one of the Chinese cities featuring the highest degree of marketization and the best business environment. It boasts a fair market environment and high efficiency government.

2.       Development Objectives

The Outline Development Plan for the Guangdong-Hong Kong-Macau Greater Bay Area released on 18 February 2019 clarifies that Shenzhen shall play its leading role as a special economic zone, a national economic core city and a national innovation city, expedite its transformation into a modern and international innovation city, and strive to become a capital of innovation and creativity with global influence.

3.       Key Platforms

The Guidance for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area (Shenzhen) released in June 2020 clarifies that Shenzhen shall accelerate the construction of seven key platforms, i.e. Qianhai Shenzhen-Hong Kong Modern Service Industrial Cooperation Zone, Shenzhen Hong Kong Science and Technology Innovation Cooperation Zone, Guangming Science City, Xili Lake International Science and Education City, Sha Tau Kok Shenzhen-Hong Kong International Tourism Consumption Cooperation Zone and Shenzhen Bio-pharmaceutical Industry Innovation and Cooperation Zone in the Greater Bay Area.

4.       Positioning of Districts

(1)      Futian District

It is a central business district with a focus on core service functions sucha as finance, culture and education. The district prioritizes the construction of the Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone.

(2)      Luohu District

As an old district, it shall strive to become a vibrant international consumpton and tourist area with a focus on the development of the Shenzhen-Hong Kong port economic belt.

(3)      Nanshan District

It is a central intelligence district with concerntrated innovation resouces influcing neighbouring areas and it priortizes the contruction of the Xili Lake Internatinal Science and Education Town.

(4)      Yantiand District

It is an international shipping hub and prioritizes the contruction of the Sha Tau Kok Shenzhen-Hong Kong International Tourism Consumption Cooperation Zone.

(5)      Baoan District

It is a regional sevice center for coordinated development of both banks of the Pearl River.

(6)      Longuang District

It is a hub for the global electronics and information industry and the center of eastern Shenzhen.

(7)      Longhua District

It is an emerging industrial hub and a new hub for fasion industry.

(8)      Pingshan District

It is the pilot zone for future industries in eastern Shenzhen and prioritizes the contruction of the Shenzhen Pinshan High-tech Park and the Shenzhen Bio-pharmaceutical Industry Innovation and Coopertion Zone in the Greater Bay Area.

(9)      Guangming District

It is a worldwide first-class science hub and the center of nothern Shenzhen and prioritizes construction of the Guangming Science Town.

(10)    Dapeng District

It is a world-class coastal ecological resort and prioritizes construction of the free port of international yacthing tourism.

(11)    Shenshan Special Cooperation Zone

It is a new town of emerging industries.

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