The Guangdong-Hong Kong-Macao Greater Bay Area will foster closer collaboration and integration within the region, an industry official said.
The development of the Guangdong - Hong Kong - Macao Greater Bay Area is expected to support the area's residential property market, according to international real estate adviser Savills.
Guangdong, Hong Kong and Macao heads talked about their expectations for development of the area at the China Development Forum 2019 in Beijing on Monday.
The central government authorities have wasted no time since the two sessions concluded in Beijing earlier this month, with President Xi Jinping paying a state visit in Italy, Monaco and France to promote the Belt and Road Initiative as well as enhance bilateral relations with those European countries.
Facts & Figures about the Guangdong-Hong Kong-Macao Greater Bay Area
Dvelopment plan highlights of the Greater Bay Area
Many Hong Kong residents use payment apps on their smartphones for various consumer services these days but have found it impossible on the mainland unless they have a mainland bank account tied to their payment apps.
More efforts should be made to support Hong Kong's integration into the national development, as well as making better use of "one country, two systems" in the nation's further reform and opening-up, said Wang Zhimin, director of the Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region, at a meeting on Monday.