The State Council has issued a guideline for developing a “Greater Bay Area” around the Pearl River Delta in south China, The Paper reported.
Hong Kong, Macau, Guangzhou and Shenzhen will be positioned as the core engines for the regional development of the bay area, according to the guideline.
Hong Kong must also consolidate and enhance its status of international finance, shipping and trade centres, international aviation hubs, global offshore (RMB) business as well as an international asset and risk management centre.
Meanwhile, Macau should focus on building a world tourism and leisure centre.
Guangzhou must enhance the functions of being an international business and trade centre and comprehensive transportation hub, while upgrading its science and technology education and cultural services.
And Shenzhen must strive to become an innovative and creative city with world influence.