Nansha Development Zone/ Nansha New Area
Basic information
Found at the central divergence of the PRD
One of three pre-existing development zones that came together to form the current Guangdong Free Trade Zone
Advantages to HK:
Nansha Development Zone is a financial and commercial development experimental zone, with emphasis on developing the headquarters economy, financial services and commercial services --> HK could be invited to establish regional headquarters --> can promote Guangdong-Hong Kong-Macau cooperation in financial services --> achieve liberalization (自由化) of trade in services with HK and Macau --> favourable to HK’s economic growth
Facilitate expansion of Hong Kong’s services industries into the Guangdong market --> radiate (＝expand) HK’s influence + enhance its competitiveness
Measures to facilitate investment by small and medium enterprises from Hong Kong are introduced in the Nansha Development Zone --> those enterprises can tap the Mainland market --> reap more profits
