GBA Brief
Guangzhou: Financial sector to scale new heights
The added value of Guangzhou's financial industry will account for 9.5 percent of the Guangdong provincial capital's GDP, and the sector's total assets will exceed 11 trillion yuan (US$1.7 trillion) by 2025, according to Guangzhou's 14th Five-Year Plan (2021-25) for National Economic and Social Development, unveiled on Sept 3.
For the first time, the city-level plan calls for the establishment of a futures industrial park to be centered on the Guangzhou Futures Exchange. Other proposals include setting up an international commercial bank in the Greater Bay Area and promoting Guangzhou's role as a pilot city for the use of digital renminbi.
Foshan: Shunde kicks off pilot CDO program
Foshan's Shunde district has started a chief data officer program aimed at accelerating the operations of a digital-focused administration and the building of a smart city.
The Guangdong provincial government had earlier issued a work program on piloting the CDO system. Six provincial bureaus and 10 cities at prefectural level or above, including Foshan, were included in the program.
Shenzhen
Huizhou: Nearly 5,000 5G base stations built
Huizhou has been actively promoting the development of the 5G network, paving the way for the full commercialization of the new-generation wireless system.
The city had invested 2 billion yuan (US$310 million) in the construction of 5G base stations, with 4,829 stations having been built by the end of last month. More than 770 new base stations were installed this year, and about 2.24 million mobile-phone users in Huizhou are using the 5G network.
Dongguan: 1,000 yuan monthly grant for HKSAR young people
Dongguan is to provide a monthly subsidy of 1,000 yuan (US$155) for not more than 18 months for Hong Kong young people working in the city under the Hong Kong Special Administrative Region government's Greater Bay Area Youth Employment Scheme.
The subsidy, announced on Aug 30, is one of 10 new allowances approved to boost employment and entrepreneurship in the city, including 300,000 yuan for qualified Hong Kong and Macao youth innovative entrepreneurship bases.
Zhongshan: Vouchers distributed to residents to boost sports
Zhongshan's Education and Sports Department is rolling out the second phase of a sports promotion program, with 1.2 million yuan (US$186,000) worth of sports vouchers to be distributed to local residents until Sept 30 to promote the development of sports.
The distribution of the vouchers coincides with the opening of the new school term this month. The authorities said more sports venues around schools will be included to enable youngsters to enjoy discounts, with the aim of encouraging parents and students to take up sports as a habit.
Jiangmen: Gearing up for an innovative city
Jiangmen has launched a three-year plan to turn itself into a national innovative city.
The development of high technology will be stepped up to help the city become the pivot of the global technology and innovation center in the Greater Bay Area. Jiangmen also intends to increase the number of high-tech companies to 2,200, and raise spending on research and development to 2.5 percent of its GDP by 2023.
Zhaoqing: Work on high-speed rail link with Foshan to begin
Construction work on a new 41.2 kilometer high-speed railway connecting Zhaoqing with Foshan will begin in December. The project, expected to be completed in four years, is part of the Zhuhai-Zhaoqing high-speed railway, which links up Zhuhai, Jiangmen, Foshan and Zhaoqing.
Zhaoqing is an important transport hub in the Greater Bay Area, linking the region with the southwestern part of the country. Shenzhen is also building a high-speed rail link with Jiangmen, providing a new transportation route for Shenzhen and Hong Kong travelers bound for Guizhou province and the Guangxi Zhuang autonomous region, through Zhaoqing.
Zhuhai & Macao
The Communist Party of China Central Committee and the State Council on Sunday released a plan for creating an in-depth cooperation zone for Guangdong province and Macao, which covered an area of 106 square kilometer on Hengqin Island of Zhuhai,
making important arrangements to support the diversified economic development of Macao. The plan introduced several complementary policies to promote the long-term prosperity and stability of Macao and its integration into the overall development of the country.
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