Strategic Planning of Global Innovation and Industry Highland in Guangdong–Hong Kong–Macao Greater Bay Area from a Medium- and Long-Term Perspective

Abstract

As the construction of Guangdong–Hong Kong–Macao Greater Bay Area enters a new stage, it is necessary to further improve technological innovation and emerging industries of this area and promote its global influence to support the high-quality development of China’s industries. In this study, we analyze the role of this area in the national economic development and explore the development status of technological innovation and emerging industries in this area. Moreover, we propose strategic goals and key tasks for the medium- and long-term development under the unique institutional framework of “one country, two systems”. The Guangdong–Hong Kong–Macao Greater Bay Area can be built to be a global innovation and industry highland that is open, integrated, and sustainable via four steps by 2050, and a borderless Greater Bay Area can be constructed orderly through integrated technological innovation. The key tasks that we proposed include: (1) strengthening the construction of an international technological innovation center, (2) improving the ability of science and technology to support industrial development, (3) cultivating world-class clusters of emerging industries, (4) creating a gathering place for outstanding professionals in China and abroad, (5) deepening the integration of finance and technology, (6) establishing a diversified investment coordination mechanism for scientific innovation, and (7) exploring an innovation and industrial factor flow mechanism.

Keywords

• Guangdong–Hong Kong–Macao Greater Bay Area, technological innovation, emerging industries, global inovation and industry highland, bay area economy