2024 GBA Global Investment Promotion Conference Highlights Growing Investment Potential

KUALA LUMPUR, Nov 12 (Bernama) -- The 2024 Global Investment Promotion Conference for the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) kicked off in Guangzhou, gathering leaders from 650 Fortune Global 500 companies and representatives from 89 countries, on Nov 8.

Co-hosted by Guangdong and the Hong Kong and Macao SARs, the event showcased the region’s progress and investment potential five years after the launch of the GBA Development Plan, according to a statement.

Guangdong Party Secretary, Huang Kunming, opened the conference with a keynote address, inviting global investors and talents to collaborate in advancing the GBA’s status as a leading hub for innovation and connectivity.

“Over the past five years, Guangdong, Hong Kong, and Macao have forged new ties in industry and technology. We welcome partners worldwide to join us in building a world-class bay area,” he said.

Meanwhile, Guangdong Governor, Wang Weizhong shared that Guangdong ranks first in regional innovation capabilities and serves as an incubator for new technologies and business models.

“Our business environment continues to lead, recognised for four consecutive years as the best in China,” said Wang, noting that ecological and green development are core to the province's growth strategy.

The conference received positive responses from global business leaders, who shared their experiences and visions for investment in the GBA.

The event facilitated 1,933 projects, with a total investment of 2.26 trillion Chinese yuan, adding to the region’s dynamic growth. Notably, 76.8 percent of projects from past conferences have started, amounting to over one trillion Chinese yuan in progress. (100 Chinese yuan = RM61.25)

As part of the event, Wang led a roundtable for multinational executives to exchange insights on investment and operational plans, providing an open forum to discuss business interests and receive feedback for future development in the GBA.

-- BERNAMA