With its unique geographical advantage of 'three sides surrounded by mountains and three rivers converging', the Guangdong-Hong Kong-Macao Greater Bay Area boasts numerous industrial clusters, making it a shining business card for China's economic opening-up to the outside world. According to statistics, the region has a total area of 56,000 square kilometers, a population of over 86 million at the end of 2022, and a total economic output of over 1.3 trillion yuan, making it a world-class urban agglomeration. As the financial industry plays an indispensable role in facilitating economic integration in the region, it serves as the lifeblood of the economy. With its long history, HSBC has accumulated rich experience and business expertise in regional trade and commerce. In response to the historic opportunities brought about by the economic integration of the Guangdong-Hong Kong-Macao Greater Bay Area, the HSBC Group has also made corresponding business arrangements. To explore the future development prospects of the Greater Bay Area and help more financial institutions seize business opportunities, Frank Wang, Global Director and Partner of Lightspot Consulting, had an in-depth discussion with Chen Qingyao, Deputy Chairman of HSBC China and Head of the Greater Bay Area Office, on a series of important topics.
