Our Hong Kong Foundation—Dah Sing Bank Greater Bay Area Industry Development Index 2024
Our Hong Kong Foundation—Dah Sing Bank Greater Bay Area Industry Development Index 2024
The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) development is a key strategy of the country. The differing developments of the “9+2” cities enable them to grow complementary advantages, creating a diverse range of industries and becoming a hub for international talent and capital. As such, the economic and industry conditions in the GBA have attracted great attention and are crucial for companies seeking market opportunities.
To better understand the current development of the GBA as well as the unique positioning and potential of each city, Our Hong Kong Foundation and Dah Sing Bank jointly present the Greater Bay Area Industry Development Index 2024 (the Index). Starting from 2024, the Index will annually track the performance of the 11 cities across 6 key industries, providing policymakers, businesses, and research institutes with important references through multi-dimensional and scientific assessments.
Index Features and Abstract
Among the Greater Bay Area’s four core cities, Hong Kong leads in Financial Services, Trade & Logistics, and Culture, Sports & Tourism (CST). Shenzhen excels in Innovation & Technology (I&T) as well as Manufacturing. Guangzhou ranks first in Construction & Real Estate, while Macao demonstrates robust growth across multiple sectors.
Hong Kong, Shenzhen, and Guangzhou exhibit unique advantages in various industries, fostering synergistic development through collaboration. For instance, the three cities have distinct positioning in Finance and Trade, while each occupies different positions in the value chain of I&T.
The future score of the Confidence Index is 52.0, higher than 50.4 of the current score, implying greater optimism for 2025.
Hong Kong’s 6 industries can be categorised into 3 groups: Finance and Trade are traditional pillar industries with green and digital developments as the growth drivers; I&T and CST are key strategic industries where policy support takes time to translate into significant growth potential; Real Estate and Manufacturing show signs of improvement, and are expected to benefit from macroeconomic recovery and industry upgrading respectively.
The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) development is a key strategy of the country. The differing developments of the “9+2” cities enable them to grow complementary advantages, creating a diverse range of industries and becoming a hub for international talent and capital. As such, the economic and industry conditions in the GBA have attracted great attention and are crucial for companies seeking market opportunities.
To better understand the current development of the GBA as well as the unique positioning and potential of each city, Our Hong Kong Foundation and Dah Sing Bank jointly present the Greater Bay Area Industry Development Index 2024 (the Index). Starting from 2024, the Index will annually track the performance of the 11 cities across 6 key industries, providing policymakers, businesses, and research institutes with important references through multi-dimensional and scientific assessments.
Index Features and Abstract
Among the Greater Bay Area’s four core cities, Hong Kong leads in Financial Services, Trade & Logistics, and Culture, Sports & Tourism (CST). Shenzhen excels in Innovation & Technology (I&T) as well as Manufacturing. Guangzhou ranks first in Construction & Real Estate, while Macao demonstrates robust growth across multiple sectors.
Hong Kong, Shenzhen, and Guangzhou exhibit unique advantages in various industries, fostering synergistic development through collaboration. For instance, the three cities have distinct positioning in Finance and Trade, while each occupies different positions in the value chain of I&T.
The future score of the Confidence Index is 52.0, higher than 50.4 of the current score, implying greater optimism for 2025.
Hong Kong’s 6 industries can be categorised into 3 groups: Finance and Trade are traditional pillar industries with green and digital developments as the growth drivers; I&T and CST are key strategic industries where policy support takes time to translate into significant growth potential; Real Estate and Manufacturing show signs of improvement, and are expected to benefit from macroeconomic recovery and industry upgrading respectively.
