Business Talks: Greater Bay Area Y8-E0-PRMB00-JUN0 Issued by The Hongkong and Shanghai Banking Corporation Limited
Contents Introduction P. Background and vision P. City clusters: a global comparison P.3 Combining strengths P.4 P.5 Greater Bay Area connectivity P.6 The Hongkong and Shanghai Banking Corporation Limited (the Bank ) neither endorses nor is responsible for the accuracy or reliability of, and under no circumstances will the Bank be liable for any loss or damage caused by reliance on, any opinion, advice or statement made in this brochure. The opinions and statistics expressed from featured sources, and except where a speaker is specifically identified as a representative of the Bank, do not represent the Bank s views. The opinions are subject to change without notice and should not be construed as a recommendation of any individual holdings or market sectors.
Introduction Guangdong-Hong Kong-Macao Bay Area (The Greater Bay Area) is an initiative that will form an exciting new chapter in South China s history. The Greater Bay Area aims to bring together the two Special Administrative Regions of Hong Kong and Macao with nine cities in Guangdong: Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing. Together, they will form a world-class city cluster that will play a leading role in global innovation, finance and trade. By combining the strengths of each city to facilitate trade and growth, the Greater Bay Area has the potential to be an economic powerhouse that will be comparable to or even surpass leading bay areas across the globe, such as Greater Tokyo Bay, San Francisco Bay Area and New York Metropolitan Area. As a major international financial centre, Hong Kong has an important role to play as the connector linking the Greater Bay Area cities to world markets. By leveraging its well-established capital markets and vast experience with international finance, Hong Kong can provide the other cities with support in areas such as project financing, bond issuance, investment, financial management and foreign exchange management. This represents a major opportunity for Hong Kong to boost its global status and to work with neighbouring cities to maximise their individual strengths. Hong Kong could play a pivotal role as an enabler in ensuring the success of this initiative. HSBC recognises the vast potential of the Greater Bay Area. With a significant presence across the Greater Bay Area cities, we are well positioned to help our clients seize the business opportunities available within the region and beyond. In doing so, we are able to facilitate the future growth provided by this initiative for both Hong Kong and neighbouring cities.
Background and vision The Framework Agreement on Deepening Guangdong-Hong Kong-Macao Cooperation in the Development of the Bay Area was signed on July 07, with the objective of promoting infrastructure connectivity, enhancing the level of market integration, cultivating new strengths in international cooperation and further developing the cluster into a global technology, finance and innovation hub. Key to realising this potential will be the construction of several transportation megaprojects. These projects include Hong Kong-Zhuhai-Macao Bridge, Shenzhen-Zhongshan Bridge and Guangzhou-Shenzhen-Hong Kong Express Rail Link. When completed, these projects will facilitate the flow of people, goods and capital within the region. Key Greater Bay Area statistics Population 67million Area 56,000km Zhaoqing Guangzhou Huizhou GDP 030 Combined GDP in 07: US$.5 trillion Expected GDP by 030: US$4.6 trillion 3x 07 Foshan Zhongshan Jiangmen Zhuhai Dongguan Shenzhen Hong Kong Macao Source:. Cooperate Information for Pan-Pearl River Delta (Data as of 06, Chinese only). Research on The Development and Planning of GD-HK-Macao Greater Bay Area City Cluster, by China Center for International Economic Exchanges
City clusters: a global comparison World-class city clusters, including the Greater Bay Area, Greater Tokyo Bay, San Francisco Bay Area and New York Metropolitan Area, share characteristics that are crucial to economic success. A well-developed transportation system, with government support + + Includes an international financial centre and a well-developed service industry An innovation hub with a number of 3leading universities Compared with other city clusters across the globe, the Greater Bay Area currently has the largest population, land area and number of top universities. The GDP of the Greater Bay Area is higher than San Francisco Bay Area but smaller than New York Metropolitan Area and Greater Tokyo Bay. Through increased connectivity from transportation projects currently under construction and with the advantage of a larger population, it is predicted that by 030, the Greater Bay Area will exceed the other city clusters in GDP. World-class city clusters Greater Bay Area San Francisco Bay Area New York Metropolitan Area Greater Tokyo Bay Population (m) 66.7 7. 3.4 43.5 Land area (,000 km ) 56 7.9.5 36.8 GDP (US$ trillion).36 0.8.4.8 Estimated GDP in 030 (US$ trillion) 4.6.. 3. Number of the world s top 00 universities 4 3 Number of Fortune 500 companies 6 8 60 3
Combining strengths The cities in the Greater Bay Area have achieved rapid growth throughout the last 40 years of China s economic reforms and opening up, developing specialities and unique advantages. Under this initiative, each city can focus on leveraging these skills to boost their own economy as well as contributing to the wider economic growth of the region. Therefore, a key objective of the Greater Bay Area is to improve cooperation in order to become a major economic powerhouse with diverse elements. Banking and financial services Hong Kong is a prominent international financial centre with a world-class financial and legal system, as well as extensive experience in banking and financial services. Technology Shenzhen is a major technology manufacturing and innovation hub, home to several of China s largest tech giants. Manufacturing Dongguan is a major manufacturing hub that acts as a base for many of the world s leading multinational businesses. Foshan has the largest number of townships among Guangdong s prefecture level cities, and has developed specialities in goods such as electronics and furniture. Zhaoqing is a cultural centre and is steadily growing its manufacturing sector, with rich primary resources including rare metals and herbal medicines. Zhongshan is a city at the heart of the home appliance industry chain which also excels in manufacturing denim wear. 4
Trading Guangzhou is one of China s most important trading centres, with an expansive transportation network that includes a busy port, railway and airport. Tourism and leisure Macao is a renowned tourism and leisure hub with a flourishing entertainment industry. Zhuhai is a major tourism hub with a beautiful, natural environment renowned for its high standard of liveability. The city also has a strong industrial base. Logistics Jiangmen is establishing itself as a logistics hub with several notable pillar industries including motorcycles, metal production and paper making. Green energy Huizhou is one of China s top green cities and specialises in petrochemicals and electronic information, as well as clean energy. Source: HKTDC Research 5
Greater Bay Area connectivity 連繫大灣區 These two maps outline the transport infrastructure projects between the cities of the Greater Bay Area, as well as HSBC s presence throughout the region. 以下兩幅地圖顯示連繫大灣區城市的運輸基建項目, 以及滙豐在區內的業務網絡 Better infrastructure linking the Greater Bay Area 大灣區基礎建設網絡漸趨完善 Guangzhou-Shenzhen- Hong Kong Express Rail Link 廣深港高速鐵路 Hong Kong-Zhuhai-Macao Bridge 港珠澳大橋 Trading hub 貿易中心 Project completed 已落成項目 Project in progress 在建項目 Project in planning 計劃中的項目 3 Guangzhou-Foshan Subway 廣佛環線 4 Guangzhou-Zhuhai Intercity Railway 廣珠城際軌道交通 5 Hong Kong-Shenzhen Airport Rail Link 港深機場鐵路 6 Guangzhou-Qingyuan Intercity Railway 廣清城際軌道交通 7 Shenzhen-Zhongshan Bridge 深中通道 8 Humen Pearl River Bridge 虎門大橋 9 Humen Second Bridge 虎門二橋 肇慶 Zhaoqing 3 江門 Jiangmen 佛山 Foshan 6 廣州 Guangzhou 4 中山 Zhongshan 珠海 Zhuhai 9 8 澳門 Macao 東莞 Dongguan 7 5 惠州 Huizhou 深圳 Shenzhen 香港 Hong Kong Tourism and leisure service hub 旅遊及休閑服務中心 Technology manufacturing and innovation hub 科技製造和創新中心 International financial centre 國際金融中心
HSBC s presence in Guangdong Province 滙豐在廣東省的業務網絡 Greater Bay Area 大灣區 Cities with an HSBC presence 滙豐業務網絡覆蓋的城市 Shenzhen Qianhai Free Trade Zone 深圳前海自由貿易區 韶關 Shaoguan Guangzhou Nansha Free Trade Zone 廣州南沙自由貿易區 清遠 Qingyuan 3 Zhuhai Hengqin Free Trade Zone 珠海橫琴自由貿易區 河源 Heyuan 梅州 Meizhou 茂名 Maoming 雲浮 Yunfu 陽江 Yangjiang 肇慶 Zhaoqing 佛山 Foshan 江門 Jiangmen 廣州 Guangzhou 中山 Zhongshan 3 珠海 Zhuhai 東莞 Dongguan 深圳 澳門 Macao 惠州 Huizhou Shenzhen 香港 Hong Kong 汕尾 Shanwei 揭陽 Jieyang 潮州 Chaozhou 汕頭 Shantou 湛江 Zhanjiang Presence since 進駐年份 Outlets 分行數目 Employees 員工數目 Bank outlets 銀行分行 98 86 c.,800 Life insurance 人壽保險公司 06 c. 0. Including HSBC, Hang Seng and their rural banks 包括滙豐 恒生和旗下的村鎮銀行. Including HSBC Software Development (Guangdong) Ltd, HSBC Electronic Data Processing (Guangdong) Ltd 包括滙豐軟件開發 ( 廣東 ) 有限公司 滙豐環球客戶服務 ( 廣東 ) 有限公司 Securities JV 合資證券公司 Other HSBC Group services companies 滙豐集團其他業務公司 07 c. 0 006 4 c. 4,000 * As of April 08 * 截至 08 年 4 月 6