要素市场化配置将让湾区经济更有活力

Core Viewpoint - The State Council has approved a two-year pilot program for market-oriented allocation of factors in ten key urban areas, including the Guangdong-Hong Kong-Macao Greater Bay Area, aimed at enhancing economic vitality and efficiency in resource allocation [1][2]. Group 1: Market-Oriented Allocation of Factors - Market-oriented allocation of factors means that the prices and ownership of these factors are determined by the market [2]. - The reform aims to eliminate institutional barriers and address key issues in various factors, such as technology, land, and data [2][3]. Group 2: Objectives and Challenges - The core objective of the reform is to establish a unified, open, and competitively ordered factor market system [3]. - The Greater Bay Area faces complex challenges due to its unique status as a "one country, two systems, three tariff zones" region, necessitating improved efficiency in factor allocation [3]. Group 3: Focus on New Factors - The pilot program emphasizes the efficient allocation of new factors, particularly data, which is crucial in the digital economy [4]. - The proposal includes exploring mechanisms for data property rights, circulation, and cross-border transmission to unlock data value and position the Greater Bay Area as an international data hub [4]. Group 4: Integration of Government Services - Promoting integrated government services is a key direction of the reform, requiring rule alignment, standard recognition, and regulatory collaboration [5]. - The pilot program aims to facilitate the flow of human resources, technology transfer, and capital allocation across the nine cities, enhancing cooperation in areas like household registration and social security [5]. Group 5: Broader Implications - The reform is expected to strengthen the flow and cooperation of factors between the nine cities in the Greater Bay Area and Hong Kong-Macao, creating a model for factor allocation that accommodates different systems and economic frameworks [5]. - The initiation of this pilot program represents a significant opportunity for regional development and a strong declaration of China's commitment to deepening reforms and expanding openness [5].