Greater Bay Area to boost integration and opening-up

The building of the Guangdong-Hong Kong-Macao Greater Bay Area, or the 4.0 version of the cooperation among the three regions, marks their deeper integration and a new stage in the country's opening-up.

Wang Fuqiang, director of the department of industrial planning of the China Center for International Economic Exchanges, who participated in the planning of the GBA, made the remarks during the 2018 High-Level Policy Forum on Global Governance, held by his center and the United Nations Development Program, in Guangzhou, Guangdong province, on Thursday.

The first two stages of the cooperation among Guangdong province, and the Hong Kong and Macao special administrative regions, involve commodities and traditional services, and the third stage is characterized by cross-region finance following the establishment of pilot free trade zones in Guangdong, Wang said.