Abstract

Bay Area, short for Guangdong-Hong Kong-Macao Greater Bay Area, has become the core growth to boost global economy development and the key dynamic to drive technology innovation, because of its open economy structure, efficient allocation ability of resources, powerful agglomeration spillover function and highly-developed industrial system, the three-dimensional traffic network of land, sea and air, rich coastal resources and high-end elements of innovation, which makes it playing the core role of leading innovation, gathering and radiation. Bay Area is marine countries'external portal hub of connecting international transportation, trade, science and technology and finance. To develop Bay Area's economy and enhance attraction for international capital is the strategic choice to build international competitive city and strive for more international discourse power. Bay area economy has the advantage of talent, knowledge, technology, capital resource formed by large urban cluster and advanced factors of productivity by perfect division of industry chain, which makes supernormal profit made by every square meter of Bay Area far more than other areas. The large scale of economy is incomparable drived by open-leading, innovation of science and technology. Bay Area economy is playing a leading role in the global economy.

Guangdong-Hong Kong -Macao Greater Bay Area is the fourth largest bay area after Tokyo, New York and San Francisco bay area, which has strong attraction and radiative power to global capital investment. In addition to the common development of the first three, its ecological circle has obvious geographical advantage. Bay Area is developing toward highly-open, innovation-leading, suitable for living and employment and regional coordinated, considering the modern transportation network of sea, land and air between islands and inland, import and export port and the productive forces spatial layout of industry division among 9+ 2 large urban agglomeration, and has initially revealed the rudiment of world-class large urban agglomeration and international free trade port. At the critical time, especially the19th Congress of the Communist Party of China has pointed out the position and developing directions of Bay Area and the development plan is calling out, it is the first task of GuangDong Academy of Social Sciences, which is in it, to cooperate with country programme on Bay Area's development in dynamic tracing of perception, measurement, prediction, and provide instant decision-making consultation service for the party and the country, policy consultation service for enterprise development. This project will carry out the follow-up study on the construction of Guangdong-Hong Kong-Macao Greater Bay Area from this year.

Guided by the Thought on Socialism with Chinese Characteristics for a New Era of Xi Jinping and confirmed by Report on the19th Congress of the Communist Party of China（CPC）, the study earnestly unifies thought and action to General Secretary Xi's important speech spirit on top-design, providing theoretical support to Guangdong's Integration into construction of Bay Area and realization of“Four Walking in front of the Country”. Based on Framework Agreement on Deepening Cooperation among Guangdong, Hong Kong, Macao and Promoting construction of Great Bay Area published by the National Development and Reform Commission（NDRC）, the study grasps“New Portal to the Outside”，“International First-class Science and Technology Innovation Centre”，“Global Financial Centre”，“Junction on the Belt and Road”，“Modern Industrial Chain Synergy”，“International Livable City”,“First-class International Business Environment”，“International Open Free -Trade Port”，“Drive Radiantly Regional Economic Development”，“Model of Institutional Innovation”as the key problems of research, providing theory support for the construction of Guangdong-Hong Kong-Macao Greater Bay Area.

Keywords: Bay Area Economy; Open-leading; Innovation-driven; Suitable for Living, Employing and Tourism; System Arrangement