Chinanews.com, Guangzhou, December 12 (Reporter Cai Minjie) The accounting firm PricewaterhouseCoopers released the "Digital Gathering Bay Area Wisdom Future - Guangdong-Hong Kong-Macao Greater Bay Area Digital Economy Development Report 10" (hereinafter referred to as the report) in Guangzhou on the 9th. The report points out that the digital economy in the Greater Bay Area has the core elements and conditions for cluster innovation.

PwC released the Guangdong-Hong Kong-Macao Greater Bay Area Digital Economy Development Report 2023. Photo by Cai Minjie

The 2nd Digital Government Construction Summit and Digital Bay Area Development Forum is being held in Guangzhou. PwC released the report at the Digital Bay Area Development Forum held in the afternoon of the same day.

The development of the digital economy in the Guangdong-Hong Kong-Macao Greater Bay Area has a solid foundation, among which the added value of Guangdong's digital economy has reached 6.4 trillion yuan, ranking first in the country for six consecutive years. As the Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone in the Loop has pressed the "acceleration button" as a new engine of the digital economy in the Greater Bay Area, a new wave of science and technology and new industrialization will sweep across the Greater Bay Area on a larger scale and at a deeper level, and innovative technologies and innovation clusters will continue to emerge and proliferate.

Zhang Lijun, PwC China Regional Economy and Southern Market Leader, said that compared with the world's three major international bay areas, the Guangdong-Hong Kong-Macao Greater Bay Area has obvious advantages, with a larger spatial scope and wider industrial fields, and a concentration of innovative elements such as talents, capital and technology.

According to the report, among the 58039,27598 high-quality enterprises in Guangdong, Shenzhen has the most high-quality enterprises, with 47,5, accounting for 15740.57% of the total; Followed by Guangzhou, with <>,<> high-quality enterprises, only <>% of Shenzhen, but the largest number of enterprises in the intelligent networked vehicle and digital creative tracks, while Dongguan, Foshan, Zhongshan and other cities have emerged a number of high-quality enterprises in high-end equipment intelligent manufacturing, smart home appliances, intelligent robots and other tracks.

The scale of Hong Kong's digital economy exceeds HK$100 billion, and its dominant industries are financial technology and biotechnology. Macao's digital economy is in the early stage of development, and digital cultural tourism is its most important format.

The report points out that digital technology is reconstructing the industrial ecology of the Greater Bay Area, and the industrial track is becoming more and more subdivided, and there has been a multi-role interaction for a long time: the government, chain owners, upstream and downstream ecological enterprises, industrial carriers, industrial capital and service organizations, which have formed a full ecological structure of industrial development.

The report points out that the Guangdong-Hong Kong-Macao Greater Bay Area, as China's innovative exploration against the world's three major international bay areas, also has a unique development path. In terms of scientific and technological innovation, the Guangzhou-Shenzhen-Hong Kong Science and Technology Corridor has ranked second in the global innovation index cluster for many years, Guangdong has 9 national "double first-class" universities, ranks first in the country in terms of research and experimental development funding, and has more than 50 state key laboratories and Guangdong-Hong Kong-Macao joint laboratories. Five Hong Kong universities are ranked in the top 50 of the World University Rankings. The Guangdong-Hong Kong-Macao Greater Bay Area has accumulated 500 Fortune 25 companies, surpassing the New York Bay Area and the San Francisco Bay Area, but there is still a gap between corporate profits and other Bay Area.

According to the report, the Guangdong-Hong Kong-Macao Greater Bay Area has both the scientific and technological innovation elements of San Francisco, but it needs to further improve the scale and output value of cultivated enterprises, while Hong Kong and Shenzhen also have the financial elements of the New York Bay Area, and the Pearl River Delta advanced manufacturing cluster in the Tokyo Bay Area, the digital economy of the Greater Bay Area has the core elements and conditions of cluster innovation.

The era of the digital economy is the era of data. The report points out that the current obstacle to the digital bay area lies in the cross-border flow of data elements, which is the most emphasized need to be broken in the recently released "Three-year Action Plan for the Construction of the "Digital Bay Area".

Zhang Lijun emphasized that the smooth flow of data is the foundation of the construction of the digital bay area, and suggested that the Greater Bay Area should actively develop, utilize and manage data resources with the help of the Loop Cooperation Zone, improve the rules for cross-border data flow in Guangdong, Hong Kong and Macao, especially with the help of the Loop Cooperation Zone to explore the pilot of the "special data zone", so as to realize the legal flow of cross-border data between Shenzhen and Hong Kong. (ENDS)