This photo shows tourists visiting Qimingli in the east of the Changdi Historical and Cultural Block in Jiangmen city, South China's Guangdong province on Feb 11, 2023. (PHOTO / CHINA DAILY)

The GoGBA platform officially came into service in Jiangmen on Wednesday, providing a range of services for Hong Kong businesses to help them explore the Guangdong-Hong Kong-Macao Greater Bay Area market. 

The services include providing policy consultation and market resources for enterprises from Hong Kong. Policy seminars, training, tea parties and other exchange activities will also be organized to facilitate their business development in the region.

7,760 Hong Kong-funded enterprises had been set up in Jiangmen as of May, accounting for 70 percent of the total number of overseas-funded enterprises

The platform was jointly set up by Hong Kong Trade Development Council and Jiangmen Association of Enterprises with Foreign Investment.

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“Hong Kong has been the most important source of foreign investment for Jiangmen,” Zheng Xiaoyi, vice mayor of Jiangmen, said. “I hope the two cities can further leverage their complementary strengths to promote the efficient and smooth flow of products, services, talents, capital, technology and other elements, and create a world-class business environment and trade platform.”

Peter Wong, the Southern China Regional Director of HKTDC, said Jiangmen has a solid industry foundation and extensive room for development. He expressed his expectation that the council and Jiangmen will further deepen collaboration to promote the development of Hong Kong enterprises in the city through the GoGBA platform. 

According to official statistics, 7,760 Hong Kong-funded enterprises had been set up in Jiangmen as of May, accounting for 70 percent of the total number of overseas-funded enterprises. Accumulative actual absorption of capital from Hong Kong stood at $12.7 billion, accounting for 58 percent of total foreign capital.

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So far, seven GoGBA platforms have been set up in the mainland cities of the Greater Bay Area, including Shenzhen’s Qianhai, Guangzhou’s Nansha, Zhuhai’s Hengqin, Dongguan, Zhongshan, Foshsan and Jiangmen.