Web care text

Project Benefits

Economics

Economic Integration of HK with the Western PRD and its Neighbouring Provinces

Economic Integration of HK with the Western PRD and its Neighbouring Provinces

The HZMB will be of strategically importance to the further economic development of Hong Kong, Macao and the Western Pearl River Delta region (“Western PRD”). It will significantly reduce transportation costs and time for travellers and goods on the road. With the HZMB, the Western PRD will fall within a reachable 3-hour commuting radius of Hong Kong. This would enhance the attractiveness of the Western PRD to external investment, which is conducive to the upgrading of its industry structure. Hong Kong will benefit from this new economic hinterland, with its vast human and land resources which will provide ample opportunities for Hong Kong businessmen to expand their operation in the Mainland.

 

The connectivity brought about by the HZMB will also benefit various sectors in Hong Kong, such as tourism, finance and commerce. In particular, it will enhance Hong Kong’s position as a trade and logistics hub as goods from the Western PRD and Western Guangdong, Guangxi, etc., can better make use of the airport and container port in Hong Kong. The HZMB will accelerate the economic integration of the PRD and its neighbouring provinces and enhance its competitiveness vis-á-vis countries of the Association of Southeast Asian Nations and other economic zones such as the Yangtze Delta region. Hong Kong will stand to gain in this process.

Synergy with the HKIA and Tung Chung New Town

Visitors through the HZMB can conveniently reach the nearby facilities such as the HKIA, Asia World-Expo, hotels, etc. located conveniently at the Airport Island, thus enhancing the business opportunities of these facilities.

Synergy with the HKIA and Tung Chung New Town

Being close to Tung Chung new town and Lantau Island with many tourist attractions, such as Ngong Ping 360, the Giant Budda, etc, the HKBCF will bring with additional economic benefits and business opportunities to the area at large.