{"id":6487,"date":"2020-05-15T11:13:26","date_gmt":"2020-05-15T11:13:26","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=6487"},"modified":"2026-04-24T05:12:54","modified_gmt":"2026-04-24T08:12:54","slug":"china-greater-bay-area","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/china-greater-bay-area","title":{"rendered":"China to support Greater Bay Area"},"content":{"rendered":"\n

China to provide financial support to fuel the development of the Greater Bay Area, which includes Guandong, Hong Kong and Macau.<\/p>\n\n\n\n\n\n\n\n

China.- Greater Bay Area will receive financial support from China to fuel economic development and growth post Covid-19. <\/p>\n\n\n\n

The Greater Bay Area includes the two Special Administrative Regions of Hong Kong and Macao, and the nine municipalities of Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing in Guangdong Province.<\/p>\n\n\n\n

The total area is around 56 000 km2 and, at the end of 2018, the total population was more than 71 million, with a gross domestic product of US$23,342 per capita.<\/p>\n\n\n\n

The new measures are intended to improve trade, infrastructure and connectivity in southern China and should provide a huge boost for Macau’s economy. <\/a><\/p>\n\n\n\n

Macau’s authorities have been planning to boost tourism development in the Greater Bay Area following the Coronavirus pandemic.<\/p>\n\n\n\n

The SAR has been using the Great Bay Area\u2019s aircraft networks to promote joint-tourism products with the other cities.<\/p>\n\n\n\n

The support will be jointly issued by the People\u2019s Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission and the State Administration of Foreign Exchange, according to local media reports.<\/p>\n\n\n\n

The funds will be used to deploy 26 specific measures including: promoting the Greater Bay Area\u2019s cross-border trade and facilitating investment and financing, expanding the opening-up of the financial sector, promoting the connectivity of financial markets and financial infrastructure, boosting innovation of the Greater Bay Area\u2019s financial services, and preventing cross-border financial risks.<\/p>\n","protected":false},"excerpt":{"rendered":"

China to provide financial support to fuel the development of the Greater Bay Area, which includes Guandong, Hong Kong and Macau.<\/p>\n","protected":false},"author":2,"featured_media":6493,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"China is providing substantial financial support to fuel the economic development and growth of the Greater Bay Area (GBA), encompassing Guangdong, Hong Kong, and Macau, post-COVID-19. These 26 specific measures aim to enhance cross-border trade, investment, financial market connectivity, and innovation, with a particular focus on boosting Macau's tourism and overall economy.","focusai_entities":"People\u2019s Bank of China, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, State Administration of Foreign Exchange","focusai_location":"China, Greater Bay Area, Guangdong, Hong Kong, Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen, Zhaoqing","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), payments_fraud_aml (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Adjustments GBA?","query":"What specific regulatory adjustments are anticipated to facilitate the expanded financial sector opening and cross-border capital flows within the GBA, particularly impacting iGaming operators?"},{"label":"Macau GGR Impact?","query":"What are the projected GGR growth implications for Macau's gaming vertical stemming from the enhanced tourism and economic integration within the Greater Bay Area?"}],"footnotes":""},"categories":[160,16338,163,158],"tags":[257],"class_list":["post-6487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","category-slider-home","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=6487"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6487\/revisions"}],"predecessor-version":[{"id":21446,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6487\/revisions\/21446"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/6493"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}