China-Hong Kong Transportation Faces New Opportunities

On September 22, 2023, the State Council issued the "Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area", proposing to build a world-class city cluster, an international science and technology innovation center, an international financial center, and an international shipping hub. This has brought new opportunities for the development of Transportation between China and Hong Kong.

China-Hong Kong transportation refers to cross-border transportation between mainland China and Hong Kong. In recent years, with the further advancement of the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, transportation between China and Hong Kong has shown a trend of rapid development.

According to data from the Ministry of Transport of China, China-Hong Kong freight volume will reach 135 million tons in 2022, a year-on-year increase of 12.5%. Among them, land transportation volume was 105 million tons, a year-on-year increase of 13.5%; sea transportation volume was 30 million tons, a year-on-year increase of 10.5%.

The development of transportation between China and Hong Kong mainly benefits from the following factors:

The rapid economic development of the Guangdong-Hong Kong-Macao Greater Bay Area. The Guangdong-Hong Kong-Macao Greater Bay Area is one of the most economically developed regions in my country, accounting for 1/10 of the country's total economic output. With the rapid economic development of the Guangdong-Hong Kong-Macao Greater Bay Area, the demand for cross-border transportation is also increasing.

Continuous improvement of infrastructure. In recent years, the transportation infrastructure between mainland China and Hong Kong has been continuously improved, providing a strong guarantee for the development of transportation between China and Hong Kong.

Continuous optimization of the policy environment. The Chinese government has been committed to promoting economic and trade cooperation between China and Hong Kong, and has introduced a series of policies and measures to provide a good policy environment for the development of transportation between China and Hong Kong.

The development of transportation between China and Hong Kong will provide important support for the economic and social development of the Guangdong-Hong Kong-Macao Greater Bay Area. In the context of the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, transportation between China and Hong Kong will usher in greater development opportunities.