GBA now tech magnet for global investors

The Guangdong-Hong Kong-Macao Greater Bay Area has gained an upper hand in technological innovation and manufacturing, becoming a hotspot for investors from home and abroad, speakers said during a seminar on "Connectivity for Shared Prosperity" at the GBA Development Forum (Guangzhou) & Vision China.

The GBA has integrated technical innovation with the manufacturing sector, which is an obvious advantage compared with peer bay areas in New York, San Francisco and Tokyo, said Shen Minghao, dean of the Great Bay Area Institute.

Shen said more efforts should be made to further expand opening-up in services so as to promote high-quality development.

Klaus Zenkel, vice-president of the European Chamber and chairman of its South China chapter, said European companies are looking forward to more investment opportunities emerging from the information technology, green manufacturing, new energy and financial services sectors in the GBA.

Harley Seyedin, president of the American Chamber of Commerce in South China, said the chamber has benefited a great deal from their investments in China while contributing to China's GDP growth, and they will do more to help the proper and sustainable growth of the GBA.