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Guangdong issues guidelines to curb "involution" in finance. A $12.4bn foreign semiconductor project lands in Guangzhou. Shenzhen allocates nearly $800mn to boost consumption. John Lee outlines 5 directions for HK to align with the national 15th Five-Year Plan.

Guangdong's UHD video cluster hit 1.08t yuan in 2025, becoming its 10th trillion-yuan cluster. Leveraging its complete supply chain, the sector leads China in panel output, TV production, 4K content, and 5G bases.

The new version of the "Regulations for the Implementation of the Drug Administration Law" will come into effect on May 15, 2026. The revisions improve drug R&D and registration processes, strengthen production and operational management, and support innovation in pediatric and rare disease drugs, while also enhancing regulatory oversight and legal responsibilities.

On February 11, the Hong Kong SAR Government and the Ministry of Commerce signed an MOU in Beijing to strengthen overseas comprehensive services. The agreement aims to support mainland enterprises going global by enhancing collaboration with Hong Kong's professional service institutions.

Guangdong updated the "Hong Kong and Macau Drug and Medical Device Access" list, with the 2025 edition effective February 2. It includes 45 drugs and 70 devices for designated GBA city hospitals, replacing the previous version. Details are available on the Guangdong Medical Products Administration website.

Six Shenzhen departments jointly issued rules to support Hong Kong, Macao, and Taiwan youth. Macao youth in the “GBA Career Pathway” program receive RMB 2,000 monthly living subsidies, following Hong Kong’s scheme. Taiwan youth enjoy equal subsidy access. The “Shenzhen HK-Macao Youth Employment Entrepreneurship Home” plaque is canceled. Funds are managed under existing regulations.

Guangzhou and Shenzhen have both achieved "dual-trillion" status in retail sales and foreign trade. Guangzhou leverages its trade hub strength and industrial renewal, while Shenzhen excels in tech innovation and exports. Together, they serve as the GBA’s core engines, driving complementary, coordinated growth and advancing world-class city cluster development.

Guangdong issued its 2026 action plan to optimize the law-based business environment, aiming to refine legal systems, regulate enterprise-related law enforcement, strengthen judicial protection of property and IP rights, and enhance legal services. It seeks to foster a stable, fair, and transparent legal climate, boost high-quality development, and facilitate Greater Bay Area rule alignment.

Guangdong unveiled its 2026 action plan to foster a first-class market-oriented business environment, focusing on industrial ecosystems, enterprise services, and market systems. It outlines 18 measures covering land supply, financing, data elements, approval efficiency, and fair competition to cut institutional costs, energize entities, and drive high-quality development.

Guangdong authorities issued a policy package integrating fiscal and financial measures, covering strategic emerging industry funds, loan interest subsidies, policy insurance, financing guarantees, and risk compensation. It aims to lower financing costs, support key industries, boost consumption, and drive high-quality economic growth.

The State Council unveiled a plan to boost service consumption, targeting transport, housekeeping, online audio-video, auto aftermarket, and inbound spending. It fosters new drivers like performances, sports events, and emotional/experiential services, enhancing supply through financial support and credit systems to improve quality and benefit people.

The 2026 Guangdong Action Plan for a First-Class International Business Environment aims to boost openness via enhanced urban services, trade facilitation, transport hubs, foreign investment access, and Guangdong-HK-Macao cooperation. These measures seek to build an efficient and inclusive ecosystem to support the province’s high-quality development.

Guangdong issued an inclusive finance plan with 17 tasks across six areas, offering comprehensive services. It debuts measures supporting agriculture, cross-border data verification, insurance for gig workers, and senior care investment.

Guangdong has maintained its status as China's largest economy for 37 years, serving as the core engine of the Greater Bay Area. The achievements of its 14th Five-Year Plan and the growth targets for the 15th Five-Year Plan provide essential momentum and a solid foundation for building a dynamic and internationally competitive first-class bay area.

At the Guangdong Provincial People's Political Consultative Conference, members focused on advising the Greater Bay Area's "soft connectivity," discussing ways to deepen pragmatic cooperation between Guangdong, Hong Kong, and Macao through strengthened rule alignment and mechanism integration in legal, healthcare, and cultural sectors, providing robust momentum and solid support for high-quality regional development.