Guangdong to Plan a Bigger Free Trade Zone

The planned free trade zone that will cover Hong Kong, Macao and several parts of Guangdong will place it focus on services, finance and commerce. The remark was made by Guangdong Governor Zhu Xiaodan who led a delegation to a short visit to Hong Kong for the 16th meeting of the Hong Kong-Guangdong Cooperation Joint Conference.

During the conference they stated that the planned Guangdong-Hong Kong-Macao Free Trade Zone is under consideration and its position is entirely different from the free trade zone in Shanghai. The first of its kind on the mainland the FTZ will bbe turned into a regional trade hub that will focus on powering economic development in the Pearl River Delta with Hong Kong playing a major role unrivaled.

Xiaodan also confirmed the plan to bundle Hong Kong and Macao with the three special development zones in Guangdong namely Hengqin in Shuhai, Nansha in Guangzhou and Qianhai in Shenzhen which is waiting the approval from Beijing. By bundling it will bring the zone to more than 1,000 square meters which will make it bigger than Shanghai’s.

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