Policy Dialogue Series | Hong Kong in Greater Bay Area: Pioneer or Follower?

The 2019 Greater Bay Area (GBA) blueprint has pointed to a high concentration of key factors of innovation, an advancement level of internationalization and solid foundation of cooperation within the region. But it also alludes to issues of overcapacity, imbalance and mismatch of the supply and demand structure, as well as institutional differences under 'one country, two systems', that may affect market connectivity and the flow of factors of production. How can Hong Kong, being a major hub of GBA, gain further strength in economic and social innovation and avoid becoming merely a 'follower' adapting to a GBA defined by other municipalities like Shenzhen and Guangzhou?