BEIJING, May 21 (Xinhua) -- Guangdong-Hong Kong-Macao Greater Bay Area, one of China’s regions highlighting coordinated development, will play an important part in promoting the Belt and Road Initiative, according to a Securities Daily report citing a Chinese think-tank researcher on Monday.
Huang Zhilong, director of macroeconomy research center of Suning Institute of Finance, said the Greater Bay Area will make contributions to the Belt and Road development via international cooperation in industrial and financial sectors.
The Greater Bay Area is China’s leading industrial and technology hub and the main source of China’s outbound investment along the Belt and Road markets, Huang said.
He added that the developed capital and financial markets in the Greater Bay Area will help alleviate some financing issues under the Belt and Road Initiative.
The researcher also said that the Greater Bay Area, a core part of the 21st-century Maritime Silk Road infrastructure networks, will drive the interconnectivity of infrastructure.
The Greater Bay Area includes the Hong Kong Special Administrative Region, Macao Special Administrative Region, and nine cities in south China's Guangdong Province. (Contributed by Zhang Jun, Ding Lei, dinglei@xinhua.org, edited by Zhang Aifang, zhangaf@xinhua.org)
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