The agreement comes as several major deals are signed between the emirate and various Chinese enterprises.
Greater Bay Area
The three-phase development is set to include an industrial park dedicated to key sectors like AI and big data, plus have capacity to house up to 25,000 residents.
Guangdong manufactured more than a quarter of China’s new energy vehicles in 2023, and 17 percent of Chinese-made vehicles in general – more than any other province in the country.
New rules are being set to let SAR residents bypass a daily remittance cap of 80,000 yuan when buying property in the GBA’s mainland cities.
Fifty-one-year-old Sha Yan has moved up the stock exchange’s ranks, taking the helm from Chen Huaping.
The new airport in western Guangdong is expected to become the third major aviation hub in the province, with an annual passenger volume of 30 million by 2035.
That was the top performance among China’s first-tier cities and, according to Shenzhen’s mayor, bodes well for the Greater Bay Area.
In a legal milestone, Macao’s neighbouring SAR and the Chinese mainland have agreed to enforce many of each others’ legal rulings.
The gathering will feature a lineup of sporting heavyweights, such as Li Ning and Dwayne Wade, discussing a range of issues ranging from sports investment to the fan economy.