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GBA facilitates robust SMEs' development

GBA facilitates robust SMEs' development
The GBA has attracted businesses of all sizes from home and abroad thanks to the lucrative business opportunities it offers.

Table of Contents

The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) has experienced significant economic growth in the past five years, with its economic output increasing to more than 13.6 trillion yuan. The region's market integration and innovation in supply chains have led to rapid growth for small and medium-sized enterprises. Efforts to streamline customs clearance and cargo flow are underway, with the launch of the "Guangdong-Hong Kong-Macao Three-Places-One-Lock Scheme" in March. The region's integration of logistics and information technology has given rise to smart logistics and digital technology, encouraging SMEs to venture into global markets. The GBA is becoming a leading force in the digital transformation of global trade, with new forms of trade such as cross-border e-commerce emerging. The logistics industry is working to provide more efficient, diverse, and smart services to support the region's integrated and high-quality development.