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China's Ministry of Commerce (MOFCOM) has jointly issued a 14-measure action plan with seven other regulatory bodies to expand digital consumption. The comprehensive policy package directs businesses to accelerate R&D innovation, scale up production of AI-enabled terminal devices, and supports the regulated development of emerging business models including on-demand retail, social commerce, and live-stream e-commerce.

China's Ministry of Industry and Information Technology (MIIT), along with two other government bodies, has formulated a work plan for the light industry sector. The plan outlines 15 key tasks across three pillars—consumption, investment, and exports—with a focus on cultivating new growth engines in high-demand consumer sectors such as health, elderly care, childcare, home furnishings, and cultural tourism.

To further facilitate cross-border trade payments, the National Foreign Exchange Administration (SAFE) will expand the scope of its high-level cross-border trade openness pilot program to include more regions. The initiative will also broaden the range of transactions eligible for netting settlement, covering trade payments and related service fees, thereby reducing overall capital settlement costs.

The National Immigration Administration (NIA) has rolled out a series of new exit-entry measures pertaining to Hong Kong and Macao. Among these, the number of ports implementing "facial recognition" smart clearance has been increased to 14. Residents of Hong Kong and Macao can now use contactless facial recognition for border clearance without presenting their travel documents, provided they consent to the collection and verification of their facial images and fingerprints for immigration inspection purposes.

On November 7, to accelerate the cultivation and opening of scenarios and to promote the large-scale application of new scenarios, the State Council issued the "Implementation Opinions on Accelerating the Cultivation and Opening of Scenarios to Promote Large-Scale Application of New Scenarios" (State Council Document [2025] No. 37), which outlines multiple categories of key economic and social application scenarios.

The Guangdong-Hong Kong-Macao Greater Bay Area has achieved a breakthrough in financial collaboration with the new bond market connectivity between Hong Kong and Macao, attracting local governments to issue green bonds. Meanwhile, Macao is advancing its "Digital Pataca" initiative and updated Investment Fund Law to strengthen its role as a China-Portugal financial platform, injecting new momentum into regional innovation.

the "International Science and Technology Innovation Centers Index 2025" offers key insights for policymaking and industrial planning. The report highlights China's rising innovation prowess, with the Greater Bay Area jumping to 4th globally and ranking 2nd in the "Innovation Highlands" dimension, demonstrating strong growth momentum and global competitiveness.

Focusing on the policy guidance of the CPC Central Committee's "Proposals for the 15th Five-Year Plan," this initiative conducted field visits to tech enterprises and research institutions in the Greater Bay Area, covering sectors like the low-altitude economy, unmanned systems, and new energy. It showcases how technological breakthroughs and industrial integration are building a globally leading hub of scientific and technological innovation.

The National Immigration Administration's "Announcement on 10 Innovative Measures to Support Expanding Opening-Up and High-Quality Development" introduces multiple facilitation policies, including the implementation of 240-hour transit visa exemptions at additional ports in the Greater Bay Area and the promotion of facial recognition smart clearance, significantly enhancing cross-border mobility efficiency.

The State Council's "Several Measures on Further Promoting Private Investment" (State Council Document [2025] No. 38) introduces multiple policies to stimulate private investment, covering infrastructure, low-altitude economy, government procurement, and financing support.

The Hong Kong Monetary Authority announced on November 13 the official launch of the "EnsembleTX" project into its trial phase. This milestone marks a significant advancement in conducting real transactions with tokenized deposits and digital assets within a controlled environment. Initially focusing on tokenized money market fund transactions, the platform will utilize tokenized deposits to enable faster and more transparent interbank settlement. EnsembleTX is set to become fully operational by 2026, with phased upgrades to support round-the-clock settlement.

As of November 11, the annual net purchases of southbound capital have exceeded HK$1.3 trillion, setting a new record since the launch of the Stock Connect program. The funds have primarily flowed into leading technology companies and financial stocks. Market analysts note that the Hong Kong stock market's strong performance, the expanding pool of high-quality assets, and attractive valuations are the key drivers behind this substantial capital inflow.

Guangzhou has recently surpassed 4.2 million registered business entities, leaping to the second position among all Chinese cities. This remarkable figure not only represents a "vote of confidence" from domestic and international investors in Guangzhou's development prospects through their capital commitments, but also stands as a vivid demonstration of the city's implementation of policies to "fully energize all types of business entities." It serves as compelling evidence of the strong developmental momentum generated by the continuous optimization of Guangzhou's business environment.

Hong Kong Trade Development Council (HKTDC) released a new research report on November 13, highlighting Hong Kong's pivotal role as an investment and financial hub in regional supply chain transformation. The report further indicates that the Guangdong-Hong Kong-Macao Greater Bay Area, with its unique and highly concentrated supplier network, remains irreplaceable.

The third Shenzhen-Hong Kong Financial Cooperation Committee meeting recently held in Hong Kong culminated in a gold sector cooperation memorandum. The agreement enables Hong Kong gold merchants to partner with qualified Shenzhen refiners in processing trade, advancing Hong Kong's development as an international gold trading hub. Both sides also agreed to enhance fintech collaboration, with plans to jointly announce supportive policies aimed at establishing a global fintech center and strengthening financial integration within the Greater Bay Area.