Gao Yunlong highlights need to strengthen connectivity and optimize port functions in GBA
The Business Conference on Guangdong-Hong Kong-Macao Greater Bay Area Development was held today (Dec. 11). Gao Yunlong, vice chairperson of the Chinese People's Political Consultative Conference, stated in his speech that the central government continues to support Hong Kong and Macao in better integrating into the national development framework, promoting the construction of the Greater Bay Area as a strategic pivot in the new development pattern and a demonstration area for high-quality development.
Regarding the expansion of cooperation and development opportunities in the Greater Bay Area, Gao put forward several recommendations, including strengthening connectivity, continuously optimizing port functions and layout studies, providing more convenient visa arrangements, improving policies for vehicles from Macao and Hong Kong entering the mainland, steadily advancing the interconnectivity of financial markets and further expanding pilot projects for trade foreign exchange facilitation.
He also emphasized promoting cross-border property convenience and exploring common industry standards, establishing a confirmation mechanism for Greater Bay Area standards, and broadening employment and entrepreneurial opportunities for residents of Hong Kong and Macao.
Gao further proposed promoting technology innovation synergy to create a globally competitive open environment for technological innovation, strengthening the integration of technology innovation with industrial innovation, increasing the application of technological achievements, and facilitating the transformation and upgrading of traditional industries in the Greater Bay Area.
He stated that China is committed to creating a first-class business environment that is market-oriented, law-based, and internationalized, further relaxing market access and removing restrictions on foreign investment in the manufacturing sector. Besides, he highlighted the need to accelerate the opening of service sectors such as telecommunications, encouraging companies from various countries to invest and develop in China.
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