Foreign businesses access to opportunities available in GBA

 Update:2021-11-29    Source: Newsgd.com

BYD will seize the historical opportunities of the Greater Bay Area (GBA) to build a green transportation industry system, and help to create a "zero-emission GBA", said BYD representative at an event held in Hong Kong and Shenzhen on November 26 to showcase the latest business outlook of the GBA.

Themed as "A New Journey with Greater opportunities - Virtual Tour to the Greater Bay Area for Foreign Businesses in Hong Kong", the event attracted several hundred attendees including GBA government officials, enterprise executives and foreign businesses in Hong Kong.

In a virtual tour section to present the intelligent equipment, medical and innovations, heads of six well-known GBA enterprises shared their achievements and experiences in this area.

"As the GBA witnesses an improving environment for the protection of intellectual property rights, Carl Zeiss Vision as a foreign company, will make more innovative products in China and train more scientists and engineers," said Wilson Peng, Managing Director of ZEISS Vision Care China.

The event was held both online and offline by the Office of the Commissioner of the Ministry of Foreign Affairs in Hong Kong SAR, HK SAR government and Guangdong government.

"Whatever the international situation evolves, China will not change the resolve to open wider at a high standard, and will not change the determination to share development opportunities with the world," said Liu Guangyuan, Commissioner of the Ministry of Foreign Affairs in the HK SAR in his welcoming remarks. And he said GBA is favorable in its well-developed advantages and geographical position, thus increasingly attracting global investors.

Carrie Lam Cheng Yuet-ngor, Chief Executive of the HK SAR, pointed out several key factors for GBA's success. For instance, the commitment to develop a high-quality GBA will call for more openness and innovation, more international cooperation and more synergy between Hong Kong and the mainland cities. She said, businesses based in Hong Kong will certainly enjoy the first-mover advantage.

China will comprehensively implement the "One Country, Two Systems" policy, make use of the advantages of Guangdong, Hong Kong and Macao, strengthen the integration of rules and mechanisms and provide a better business environment for various market players, including foreign-funded enterprises, said Cong Liang, Vice-chairman of the National Development and Reform Commission in the keynote speech.

During the event, officials from the Office of the Leading Group for Developing the GBA and major GBA cities including Guangzhou, Shenzhen, Zhuhai and Dongguan introduced the province's participation in promoting the GBA's development.

Focusing on the strategic positioning in the Outline Development Plan for the GBA, Guangdong has made a lot of progress, said Zhu Yonghui, Deputy Director of the Office of the Leading Group for Developing the GBA.

For instance, Guangdong is improving its modern transportation system, now the travelling time among major cities within the GBA is reduced to one hour or less. At present, it only takes 30 minutes to drive from Hong Kong to Zhuhai and Macao, and it only takes 48 minutes to reach Guangzhou by high-speed rail from Hong Kong.