香港基金会-达新银行大湾区产业发展指数2024

Contents Overview5 Index Features and Abstract The1stmulti-dimensional assessmentof industrial development inall11 A comprehensive analysis of1,400+data pointsfrom130+statistical indicators •Among the Greater Bay Area’s four core cities,Hong Kongleads inFinancial Services,Trade &Logistics, andCulture, Sports & Tourism (CST).Shenzhenexcels inInnovation & Technology(I&T)as well asManufacturing.Guangzhouranks first inConstruction & Real Estate, whileMacaodemonstratesrobust growthacross multiple sectors.•Hong Kong, Shenzhen, and Guangzhouexhibitunique advantagesin various industries,fosteringsynergistic development through collaboration.For instance, the three cities have distinctpositioning in Finance and Trade, while each occupies different positions in the value chain of I&T.•The future score of the Confidence Index is52.0, higher than50.4of the current score, implyinggreater optimismfor 2025.•Hong Kong’s 6 industries can be categorised into3 groups: Finance and Trade aretraditional pillarindustrieswith green and digital developments as the growth drivers; I&T and CST arekey strategic industrieswhere policy support takes time to translate into significant growthpotential; Real Estate and Manufacturing showsigns of improvement, and are expected to benefitfrom macroeconomic recovery and industry upgrading respectively. Introduction The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) development is a key strategy of the country.The differing developments of the “9+2” cities enable them to grow complementary advantages, creating adiverse range of industries and becoming a hub for international talent and capital. As such, the economicand industry conditions in the GBA have attracted great attention and are crucial for companies seekingmarket opportunities. To better understand the current development of the GBA as well as the uniquepositioning and potential of each city, Our Hong Kong Foundation and Dah Sing Bank jointly present theGreater Bay Area Industry Development Index 2024 (the Index). Starting from 2024, the Index will annuallytrack the performance of the 11 cities across 6 key industries, providing policymakers, businesses, andresearch institutes with important references through multi-dimensional and scientific assessments. Methodology In selecting the appropriate industries for measurement, the research team considered a range of factors,including national development directions, industry scale, development potential, and the positioning ofeach city. The following 6 industries have been ultimately selected for study: Data are utilised to measure the performance of the 6 industries over the past year. There are over 60data sources including government statistics from the cities, corporate websites, reports from universitiesor research institutes, and private databases. A number of tier-1 indicators are derived for each industryaccording to its key development elements, such as “Infrastructure”, “Industry Talent”, and “EconomicContribution”. The tier-1 indicators for the 6 industries may vary due to the characteristics of each industry.To emphasise the importance of policies in driving industrial innovation and the synergistic developmentof the GBA, “Policy Support” is included as a tier-1 indicator for each industry. “Policy Support” coversthe 4 common areas: cross-city cooperation, business and entrepreneurship facilitation, digitalisation, andgreen development, as well as the specific policy area for individual industries. Relevant policies effective inthat year are included. Under each tier-1 indicator, there are relevant tier-2 indicators. The research teamreferred to industry research and local experts’ opinions, and considered factors such as the completenessand comparability of data. In each industry, the weights of tier-2 indicators are determined by PrincipalComponent Analysis (PCA) (accounting for 90%), except for “Policy Support” (accounting for 10%). To capture the confidence and outlook of the industries in the region, the research team conducted asurvey of middle and senior-level staff from 3,112 enterprises in 11 cities. The number of respondents ineach city was determined by the city’s proportion of the GBA’s GDP. The number of respondents in eachindustry in a single city was also determined by the proportion of each industry’s GDP to the total GDP ofthe 6 industries in that city. The ratio of SMEs to large enterprises within each industry is approximately 1:1. Analytical Framework The Index will be updated annually to reflect the growth of the industries over the past years, using 2023as the base year. Within an industry, each of the 11 cities is assigned a city growth rate according to theindicators, and the industry growth rate is calculated based on the proportion of GDP of each city in theindustry to that of the GBA; the 6 industry growth rates are used to calculate 1 composite growth ratebased on the proportion of industry GDP to that of the GBA. In addition to the