Greater Bay Area Tax Series Articles
Tax Research on Guangdong-Hong Kong-Macau Greater Bay Area Series
Tax Strategies: Investing in the Guangdong-Hong Kong-Macao Greater Bay Area
11 January 2022
In 2017, witnessed by President Xi Jinping, China’s National Development and Reform Commission, the People's Government of Guangdong Province, the Government of the Hong Kong Special Administrative Region, and the Government of the Macao Special Administrative Region signed the Framework Agreement on Deepening Guangdong-Hong Kong-Macao Cooperation in the Development of the Greater Bay Area (“the GBA”), which sets out the goals and principles, and key areas, of cooperative development of the GBA.
In the little more than four years since, thanks to the efforts of governments, industry players, enterprises, and society, and supported by encouraging policies, the GBA now ranks among the world’s top bay areas in size, population, GDP growth, and cargo and passenger traffic, and is expected to become the largest bay area and metropolitan region globally.