The economic potential in China's Greater Bay Area (GBA) is immense, with its rapidly growing GDP surpassing 13 trillion yuan, a dynamic consumer market of 86 million people, and strategic infrastructure enhancements fostering a conducive environment for foreign companies.

Join us at this webinar, where we in collaboration with experts with extensive experience from the region, explore how financial sector openness and simplified market access in China's Greater Bay Area unlock business opportunities - Featuring insights from the case company: Lundbeck.

The Business Environment in the Greater Bay Area

The Guangdong - Hong Kong - Macao Greater Bay Area, also simply known as the Greater Bay Area (GBA), is a megalopolis with the largest and most populated urban area among the four largest bay areas in the world. It consists of nine cities in China's Guangdong Province, being Guangzhou, Shenzhen, Dongguan, Foshan, Zhongshan, Zhuhai, Huizhou, Jiangmen & Zhaoqing, as well as the two special administrative regions, Hong Kong and Macao. The total population is 86 million people, or 5% of China's total, and is expected to rach 100 million by 2030. Since the announcement of the outline GBA development plan in 2019, the total GDP of the area has surpassed 13 trillion yuan. Already today, GBA is not only a huge and dynamic consumer market, but also a critical export hub accounting 37 % of China's exports. The GBA infrastructure includes five international airports, advanced high-speed railway connections, and three of the World's top ten container ports.

In December 2023, China revealed a three-year action plan for the GBA focusing on increasing openness in Mainland China's financial sector with the intention of enhancing the market environment in the GBA. The plan envisions simplified market entry procedures and institutional barrier elimination in order to reduce costs and promote a sound ecosystem for business and intends to ease regulatory standards potentially boosting the attractiveness of the GBA for foreign enterprises.

While the regulations and integration of the area are only starting to take shape these years, the GBA is envisioned by Chinese Government planners to become an integrated economic area by 2035.

SPEAKERS

• Søren Bindesbøll, Consul General of the Royal Danish Consulate in Guangzhou,
• Professor XU Lihe, associate dean of GBA Institute, Guangdong University of Foreign Studies (GDUFS)
• Professor LI Xing, professor emeritus Aalborg University, Guangdong Institute for International Strategies (GIIS)
• Minglei Zhu, Vice President for Government Affairs & Market Access, Lundbeck China

FORMAT

Online

TIME

June 26th, 15:00 – 16:30 (CN) / 9:00 am -10:30 am (DK)

PRICE

Member Free, Non-member RMB150