Hong Kong leads Greater Bay Area in finance, logistics and tourism, indices show

Hong Kong is the most competitive city in the world Greater Bay Area in three of the six most important industries, according to the index, which compares the relative advantages of 11 cities in the southern China region.

According to the first GBA Industrial Development Index compiled by Our Hong Kong Foundation (OHKF) and Dah Sing Bank, Hong Kong tops the rankings for financial services, trade and logistics, and culture, sports and tourism. The other three industries are innovation and technology, manufacturing, and construction and real estate.

According to the index, Hong Kong ranks first in finance with a score of 82.6, thanks to the city’s globalized market, well-developed talent pool and supportive policies that connect mainland China to the world. Shenzhen, home Ping An Bankranks second in financial services with 77.5, followed by Guangzhou with 66.2. Foshan from 53.5 and Dongguan from 53.2, according to the index.

“Hong Kong should actively integrate into the overall development (with mainland China), make full use of its unique role, uphold the common law and uphold international professional standards in accordance with the principle of one country, two systems,” OHKF President Jane Li said at the launch programs. index. “Hong Kong should seek new opportunities and promote added value with other cities (the Bay Area), creating synergies and driving industrial transformation.”

Our Hong Kong Foundation President Jane Lee (centre) and Dah Sing Bank Deputy Chairman Harold Wong (second from left) during the launch of the Industry Development Index at the Conrad Hotel in Admiralty on 5 November 2024. Photo: SCMP

Hong Kong remains the Bay Area’s most competitive city for trade and logistics, scoring 83 thanks to its free port status and China’s only common law jurisdiction, even though its container throughput is 83. fell out from the list of the 10 busiest ports in the world last year.