China unveils plans for Nansha as third financial hub in Greater Bay Area

Quick Summary:

Latest measures follow efforts since 2023 to build up Qianhai and Hengqin in southern Guangdong province, and foster ties with Hong Kong.

It refers to a scheme to link the cities of Hong Kong, Macau and nine cities in Guangdong – Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing – into an integrated economic and business hub.

Beijing unveiled its Greater Bay Area plan in 2019 to create an economic powerhouse by 2035.

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Article Details

Author / Journalist: Yuke Xie

Category: Business

Markets: Hong KongChinaMacau

Topics: Kong China Greater Hong Financial Cross-border Area Measures Unveiled Guangdong Nansha

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-12 @ 21:10:41 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 220 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 28613071

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