The Impacts of the GBA Across Industries (1)
- September 5, 2023
The Greater Bay Area brings diverse impacts across different industries. Here’s an overview of the effects and trends in various sectors:
1) Technology and Innovation:As one of the technological innovation hubs in the Greater Bay Area, Shenzhen is renowned for its thriving tech industry. Notable tech giants like Huawei and DJI have established and flourished in Shenzhen, injecting vitality into the region’s technology and innovation sector.
2) Financial Services:
As the international financial center of the Greater Bay Area, Hong Kong has been strengthening its economic cooperation with mainland cities. For example, mainland companies can access cross-border financing services through Hong Kong’s financial institutions and leverage the city’s financial market for fund operations.
3) Trade and Logistics:
Improved transportation infrastructure between Greater Bay Area cities has positively impacted trade and logistics. The Guangzhou-Shenzhen-Hong Kong high-speed rail significantly reduced travel time between Guangzhou, Shenzhen, and Hong Kong, facilitating the mobility of people and goods.
4) Manufacturing:
Integrating the Greater Bay Area aims to build advanced equipment manufacturing and advanced manufacturing industry clusters. For example, Dongguan in Guangdong Province is one of the world’s largest electronics manufacturing hubs, attracting investments and factory establishments from numerous domestic and international manufacturers.
Other News
- All Post
- Greater Bay Alliance
The long-awaited Shenzhen-Zhongshan Bridge has finally passed its completion inspection on June 16th. This infrastructure marvel, comprising an underwater tunnel through the Pearl Riverbed and a cross-sea highway bridge, will connect the two cities and slash their travel time to just 30 minutes.
The 15th LET - a CeMAT Asia Event was officially unveiled recently, held for three consecutive days (May 29-31) at the Guangzhou China Import & Export Fair Complex.
Asset partners comprise capital investors and real estate providers with financial resources and physical logistics properties such as warehouses, logistics centers, and distribution centers. Both parties are driven by achieving long-term stable returns and asset appreciation, but they may need more experience in operating logistics assets.
With the increasing demand for online shopping, the logistics industry faces significant challenges and opportunities. To meet the growing needs, logistics operators must invest substantial funds in acquiring new logistics equipment, such as automation, intelligence, and digitization, to enhance operational efficiency and service levels. However, such investments can be a significant burden for many logistics operators.