Drawing a new blueprint for the development of the Greater Bay Area, the "Guangdong-Hong Kong-Macao Greater Bay Area Supply Chain Promotion Report" is released.

This morning, the third Guangdong-Hong Kong-Macao Greater Bay Area Development Business Conference with the theme of "Empowering the Greater Bay Area to Explore New Opportunities" was held in Guangzhou. About 1,200 people from Guangdong, Hong Kong, Macao, foreign business associations, industry experts, and company representatives attended the conference to discuss the development of the Greater Bay Area. The conference focused on international supply chain innovation and global trade risk response. In-depth discussions were held on international business concerns such as cross-border financial cooperation, commercial law cooperation promotion, AI and biopharmaceutical industry integration in the Greater Bay Area. As the business integration and economic cooperation among Guangdong, Hong Kong, and Macao continue to deepen, the cooperation among the three regions has reached a new level. So far, Guangdong has attracted over 260,000 Hong Kong and Macao-funded enterprises. By 2024, the import and export volume between Guangdong and Hong Kong and Macao is expected to exceed 1 trillion yuan. Guangdong, Hong Kong, and Macao together manufacture 70% of consumer drones globally, 40% of smartphones, a quarter of new energy vehicles in China, and a fifth of integrated circuits. Regional integration has achieved new breakthroughs. At the third Guangdong-Hong Kong-Macao Greater Bay Area Development Business Conference, the first-ever "Greater Bay Area Supply Chain Promotion Report" was released. The report consists of four chapters, focusing on the business perspective, systematically reviewing the promotion of the Greater Bay Area supply chain in recent years. It also presents the first map of the Greater Bay Area's intelligent automotive and innovative pharmaceutical supply chains, revealing the new opportunities brought by the supply chain promotion system for regional industrial cooperation and corporate innovation. The report also proposes 39 forward-looking and scientific countermeasures in four areas: creating a high-quality infrastructure network, formulating collaborative supply chain policies, creating a more dynamic environment for innovative development, and improving inclusive and secure financial service systems.