Banking on the growth potential of China’s Greater Bay Area

Stuart Chan

As China’s most developed region, the Greater Bay Area (GBA) presents a myriad of opportunities, especially for the financial sector – PHD’s Stuart Chan explains how banks can take advantage of them to grow and expand in southern China.

The Greater Bay Area (GBA) is China’s most developed region with leading industries in the areas of manufacturing, financial services and technological innovation. It spans 11 different cities, with nine in the southern part of mainland China, including Hong Kong Special Administration Region (SAR) and Macao SAR.

The GBA Development Strategy was an initiative proposed by the Chinese government in its 13th Five-Year Plan. Signed on July 1, 2017, it aims to build a booming new economy through integration, innovation and internationalisation.

Integrationmeans aligning the economic and cultural aspects of China’s two Special Administration Regions with the mainland under...

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