Finance, real estate, stock market ... What are the gold opportunities in Guangdong-Hong Kong-Macao Greater Bay Area?

Beijing News (Reporter Gu Zhijuan) On February 18th, Xinhua News Agency announced that the Central Committee and the State Council issued the Outline of Guangdong-Hong Kong-Macao Greater Bay Area Development Plan (hereinafter referred to as "the Plan"), which became a programmatic document to guide Guangdong-Hong Kong-Macao Greater Bay Area's current and future cooperative development, with a short-term plan to 222 and a long-term plan to 235.

Guangdong-Hong Kong-Macao Greater Bay Area includes Hong Kong Special Administrative Region and Macao Special Administrative Region, Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing (nine cities in the Pearl River Delta). The Plan defines Guangdong-Hong Kong-Macao Greater Bay Area's strategic positioning: a dynamic world-class urban agglomeration, an international science and technology innovation center with global influence, an important support for the construction of the Belt and Road, a demonstration zone for deep cooperation between the mainland and Hong Kong and Macao, and a high-quality living circle suitable for living, working and traveling.

On July 1, 217, the National Development and Reform Commission and the governments of Guangdong, Hong Kong and Macao signed the Framework Agreement on Deepening the Cooperation between Guangdong, Hong Kong and Macao to Promote the Construction of Greater Bay Area. According to the agency, with the official implementation of the Greater Bay Area Plan, the investment theme in Guangdong-Hong Kong-Macao Greater Bay Area is expected to continue to heat up.

investment hotspots 1. High-end manufacturing industry and modern service industry-Guangdong-Hong Kong-Macao Greater Bay Area is expected to become the successor of the global electronic information manufacturing industry chain moving eastward

The Plan proposes that Guangdong-Hong Kong-Macao Greater Bay Area should accelerate the development of advanced manufacturing industry, cultivate and expand strategic emerging industries and accelerate the development of modern service industry.

citic jiantou research report suggests that high-end manufacturing, modern service industry and new economy may be the industrial opportunities contained in Guangdong-Hong Kong-Macao Greater Bay Area. Guangdong-Hong Kong-Macao Greater Bay Area has a wide industrial structure. Besides a large number of high-tech industries, there are many different traditional manufacturing industries, which lays a foundation for the combination of advanced technologies such as artificial intelligence, intelligent manufacturing, robots, new materials, cloud computing, industrial Internet and next-generation information technology with traditional industries. At the same time, Guangdong-Hong Kong-Macao Greater Bay Area has a developed manufacturing industry and a sound industrial system, which provides a broad space for the development of producer services such as R&D, logistics, finance, information technology, commerce, energy conservation and environmental protection. At the same time, the establishment of high-quality life circle also means that leisure tourism, pension, education, cultural entertainment and life service industry will also usher in a sound and rapid development stage.

citic securities research report points out that high-tech fields such as electronic information industry will be the core driving force of Greater Bay Area's economic development. with the Pearl River electronic information industry base beginning to take shape, Guangdong-Hong Kong-Macao Greater Bay Area is expected to become the successor of the global electronic information manufacturing industry chain moving eastward, and usher in the golden age of the second round of rapid development in this field in China. It is expected that the sub-fields such as consumer electronics, semiconductor industry and display panel will benefit the most.

investment focus 2: transportation and infrastructure-it is estimated that by 22, Greater Bay Area will realize "high-speed rail connecting the city with the city"

The Plan has put forward many measures in the transportation system, including building a world-class airport group, unblocking foreign comprehensive transportation corridor, building a rapid transportation network in Greater Bay Area, and improving the service level of passenger and cargo transportation.

citic securities pointed out that regional transportation integration contains important investment opportunities. A key point in the future development of Guangdong-Hong Kong-Macao Greater Bay Area is to break through all kinds of hardware and software barriers, promote the deep integration and development of all localities, and realize the integration of their advantages. Judging from the existing transportation network layout, it is expected that most of the planning will still fall on the inter-regional communication within the Pearl River Delta, and the way in which funds will be put in place in the future should be "government investment as the leading factor and private capital as part of the participation". It is estimated that by 22, the total mileage of railway operation in Greater Bay Area will reach 5,5 kilometers, and the railway network with high-speed railway as the backbone will be basically formed, realizing "high-speed railway connecting the city with the city". Investment in urban rail transit and expressway construction will also be accelerated, and major cities in Greater Bay Area will build/expand a number of airports. Key projects include the new construction of Shinkansen Airport in the Pearl River Delta, the reconstruction and expansion projects of Guangzhou Baiyun Airport, Shenzhen Baoan Airport, zhuhai jinwan airport Airport, Jieyang Chaoshan Airport and Huizhou Pingtan Airport.

Huatai Securities Research Report indicates that the benefit logic of infrastructure, port logistics and other related companies is clear. On the one hand, infrastructure investment comes from the connectivity between Guangdong, Hong Kong and Macao, including the construction of the Hong Kong-Zhuhai-Macao Bridge, the Guangzhou-Shenzhen-Hong Kong high-speed railway and other infrastructure, on the other hand, it comes from the infrastructure construction in Guangdong Province. In terms of port logistics, the construction of the Bay Area is expected to promote trade and export. According to the National Bureau of Statistics, in 217, the total import and export value of goods trade in Guangdong Province was 6.82 trillion yuan, accounting for 24.5% of the national total. If we add in the annual import and export (including re-export) trade volume of HK Trade Center, Greater Bay Area is expected to become the largest import and export trade base in China.

investment hotspot 3 financial industry-will become a new "pillar" industry in Guangdong-Hong Kong-Macao Greater Bay Area

The development of financial service industry is one of the focuses of Greater Bay Area's modern industrial system. The Plan proposes to build an international financial hub, vigorously develop characteristic financial industries, and promote the interconnection of financial markets in an orderly manner. Specific measures include supporting Guangzhou to build a regional private equity trading market, supporting Shenzhen to develop a capital market centered on Shenzhen Stock Exchange, gradually expanding the scale and scope of cross-border use of RMB in Greater Bay Area, expanding the space for cross-border investment between Hong Kong and mainland residents and institutions, and constantly improving the Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect and Bond Connect.

Shenwan Hongyuan Research Report points out that the financial industry will become a new pillar industry in Guangdong-Hong Kong-Macao Greater Bay Area. After Guangdong, Hong Kong and Macao reach a division of labor and cooperation, it will help stimulate the potential of Shenzhen's science and technology industry and new manufacturing industry. In addition, Shenzhen is also expected to form a regional financial ecosystem with Hong Kong and Macao.

citic securities research report points out that the financial industry is one of the important investment opportunities. The Guangdong-Hong Kong-Macao Greater Bay Area project is expected to strengthen many areas of the financial services industry (mainly in Hongkong). Therefore, banks, exchanges and financial technology have growth potential. On the stock level, although all financial stocks are expected to benefit from the plan over time, local banks in Hong Kong such as Bank of China Hong Kong and HSBC may be the biggest beneficiaries. In addition, what is more important is the capital market reform in the Mainland and Hong Kong, and Greater Bay Area will further support venture capital in the region and innovation incubation.

Huatai Securities also listed the financial industry as one of its main concerns. Guangdong-Hong Kong-Macao Greater Bay Area will give full play to international finance centre's advantages, relying on Guangzhou, Shenzhen, Macau and Zhuhai, and build Guangdong-Hong Kong-Macao Greater Bay Area's financial core circle that will lead the Pan-Pearl River Delta, radiate to Southeast Asia and serve the Belt and Road Initiative.

investment hotspot 4 real estate industry-real estate industry will benefit first

Shenwan Hongyuan research report puts forward that the construction of Guangdong-Hong Kong-Macao Greater Bay Area will undoubtedly benefit the real estate industry first. The continuous promotion of Greater Bay Area urban agglomeration in Guangdong, Hong Kong and Macao will attract more people to migrate to the urban agglomeration. The demand for real estate of this newly-increased population has increased steadily. At the same time, land valuation will also usher in a policy dividend period.

Citic Securities Research Report points out that real estate enterprises with rich development experience in Guangdong-Hong Kong-Macao Greater Bay Area may fully seize this opportunity. Companies with large land reserves in Shenzhen and Guangzhou may have room for resource revaluation. Real estate companies can also add new land reserves and pursue sustainable growth in scale. At the same time, the industrial parks of urban agglomerations in Greater Bay Area are also worthy of attention. Traditional industries upgrade and innovate parks, and promote the upgrading and adjustment of traditional advantageous industries.

Beijing News reporter Gu Zhijuan editor Chen Li proofreads He Yan.