China unveils plan to boost business environment in the Greater Bay Area

Beijing has drawn up a blueprint designed to foster a world-leading business environment in its Greater Bay Area of Guangdong, Hong Kong and Macau.

The release of the three-year action plan by the National Development and Reform Commission, the country’s top economic planner, comes as the world’s second-largest economy is grappling with a dip in foreign investment as the economy slows and external de-risking efforts.

In the plan, the commission pledged to further ease restrictions for investors and attract multinational companies and international organisations to establish their headquarters in the technology and innovation hub.

We must align to high-standard international trade rules

“We must increase [our] attractiveness for inward investors,” the document, published on Monday, said.