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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.

Financial Secretary Paul Chan Mo-po noted on November 9 that Hong Kong's innovation and technology ecosystem is thriving, with the number of startups increasing by 40% to approximately 4,700. As flagships of I&T, Hong Kong Science Park and Cyberport facilitated their portfolio startups in securing about HK$6 billion in funding over the past year. Additionally, several companies based in the parks have successfully listed in the past year or so, raising a total of HK$5.2 billion.

Regulations on Clinical Research and Translation of Novel Biomedical Technologies were adopted by China's State Council on September 12, 2025. Designed to standardize and promote advances in medical technology, these Regulations will take effect nationwide on May 1, 2026.

Guangdong Medical Products Administration Releases New Data Collection Regulations for Clinically Urgent Hong Kong and Macao Medical Products, Revising Interface Guidelines and Optimizing Authentication to Enhance Full-Process Traceability

Guangdong has drawn up an action plan to facilitate the integrated development of manufacturing and artificial intelligence (AI) in the province. Funding support will be offered to enterprises through policy tools in the form of “model vouchers”, “computing vouchers” and “training vouchers” to lower the cost of computing power usage and promote the intelligent upgrading of manufacturing concerns.

In a bid to establish the province as a leader in the development of low-altitude economy industries in the Chinese Mainland, Guangdong has introduced 16 measures aimed at encouraging key technology breakthroughs, infrastructure construction and increases in application scenarios. One policy highlight is to support Guangzhou, Shenzhen and Zhuhai in spearheading the launch of intra- and inter-city low-altitude passenger routes.