The objectives of Greater Bay Area are to further deepen cooperation amongst Guangdong, Hong Kong and Macao, fully leverage the composite advantages of the three places, facilitate in-depth integration within the region, and promote coordinated regional economic development.
On 1 July 2017, witnessed by President Xi Jinping, the National Development and Reform Commission and the governments of Guangdong, Hong Kong and Macao signed the Framework Agreement on Deepening Guangdong-Hong Kong-Macao Cooperation in the Development of the Greater Bay Area in Hong Kong. The Framework Agreement sets out the goals and principles of cooperation and establishes the key cooperation areas in the development of the Greater Bay Area. Since then, the relevant Central Government departments and the three governments have strived for policy breakthroughs with an innovative and open mind in taking forward the development of the Greater Bay Area jointly.
For details, please visit the official GBA webpage.
