FTZ to spur regional cooperation in Bay Area

The Guangdong Pilot Free Trade Zone plans to develop into a demonstration area for cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area, by encouraging investment and trade among the three regions with targeted policies, officials said.

"We will facilitate international trade, introduce more preferential financial policies and facilitate infrastructure development in the FTZ, making more efforts to build it into a demonstration zone in the Guangdong-Hong Kong-Macao Greater Bay Area," said Guangdong Provincial Governor Ma Xingrui.

The Guangdong Pilot FTZ includes three areas - Nansha in Guangzhou, Qianhai and Shekou in Shenzhen, and Hengqin in Zhuhai. The Nansha area focuses on developing shipping and logistics, finance, international commerce and trade, and high-end manufacturing. The Qianhai and Shekou area specializes in finance, modern logistics, information services and financial technology.