Group 1 - The world's largest clean energy base, the ±800 kV UHVDC transmission project from the eastern Tibet region to the Guangdong-Hong Kong-Macao Greater Bay Area, has officially commenced construction, marking the start of the most powerful and technologically advanced flexible DC transmission project globally [1] Group 2 - As of September 16, 2025, the CSI Guangdong-Hong Kong-Macao Greater Bay Area Development Theme Index (931000) has risen by 0.15%, with a one-year net value increase of 54.59% [2] - The Greater Bay Area ETF has achieved a maximum monthly return of 21.99% since its inception, with an average monthly return of 5.38% during the rising months [2] - The ETF's Sharpe ratio for the past year is 1.79, indicating strong risk-adjusted returns [2] Group 3 - The CSI Guangdong-Hong Kong-Macao Greater Bay Area Development Theme Index closely tracks companies benefiting from the development of the Greater Bay Area, including a selection of up to 50 Hong Kong stocks, 300 companies from the Shanghai-Hong Kong Stock Connect, and 100 mainland securities [3] - As of August 29, 2025, the top ten weighted stocks in the index include China Ping An, BYD, and China Merchants Bank, collectively accounting for 49.06% of the index [3]

Core Insights - The third Guangdong-Hong Kong-Macao Greater Bay Area Development Business Conference was held on September 15, focusing on empowering the Bay Area and exploring new opportunities [1] - The conference emphasized international supply chain collaboration and global trade risk management, addressing issues such as cross-border financial cooperation and the integration of AI and biomedicine industries [3][6] Group 1: Conference Overview - The conference attracted over 1,200 representatives from domestic and international government institutions and the business community [1] - The event aimed to deepen cooperation in the Greater Bay Area and enhance the confidence of the international business community in participating in its development [6] Group 2: Economic Cooperation and Achievements - Guangdong has attracted over 260,000 enterprises from Hong Kong and Macau, reflecting deepening economic cooperation among the three regions [8] - In 2024, the import and export scale between Guangdong's nine cities and Hong Kong and Macau is expected to exceed 1 trillion RMB [10] Group 3: Supply Chain Report - The conference saw the release of the "Greater Bay Area Supply Chain Promotion Report," which outlines the supply chain promotion situation in the Bay Area from a business perspective [11] - The report includes a supply chain map for smart vehicles and innovative pharmaceuticals, highlighting new opportunities for industrial cooperation and enterprise innovation [11] Group 4: Policy Recommendations - The report proposes 39 forward-looking and scientific policy recommendations across four areas: building a high-quality infrastructure network, formulating collaborative supply chain policies, creating a vibrant innovation environment, and improving inclusive and secure financial services [12] - Additionally, a temporary arbitration guide for the Guangdong Free Trade Zone was released to assist foreign and domestic enterprises in resolving disputes [12]

Core Viewpoint - The third Guangdong-Hong Kong-Macao Greater Bay Area Development Business Conference was held in Guangzhou, focusing on international supply chain collaboration and global trade risk management, with approximately 1,200 participants from various sectors [1] Group 1: Conference Highlights - The conference emphasized cross-border financial cooperation, commercial legal collaboration, and the integration of artificial intelligence and biomedicine industries [1] - Guangdong has attracted over 260,000 enterprises from Hong Kong and Macau, with the import and export scale to Hong Kong and Macau exceeding 1 trillion RMB in 2024 [1] - The region produces 70% of the world's consumer drones, 40% of smartphones, 25% of new energy vehicles, and 20% of integrated circuits, indicating significant industrial collaboration [1] Group 2: Supply Chain Report - The first "Guangdong-Hong Kong-Macao Greater Bay Area Supply Chain Promotion Report" was released, detailing the supply chain promotion situation in the region [1] - The report includes a supply chain map for smart vehicles and innovative pharmaceuticals, highlighting new opportunities for industrial cooperation and enterprise innovation [1] - It proposes 39 forward-looking and scientific policy recommendations across four areas: high-quality infrastructure, collaborative supply chain policies, vibrant innovation environments, and inclusive financial services [1]

Core Insights - The third Guangdong-Hong Kong-Macao Greater Bay Area Development Business Conference was held in Guangzhou, focusing on international supply chain collaboration and global trade risk management [1] - The conference attracted around 1,200 participants, including business associations from the three regions and international experts, to discuss development opportunities in the Greater Bay Area [1] - The "Guangdong-Hong Kong-Macao Greater Bay Area Supply Chain Promotion Report" was released for the first time, outlining the supply chain promotion situation in the region and highlighting new opportunities for industrial cooperation and innovation [1] Summary by Sections - **Conference Theme and Focus**: The conference theme was "Empowering the Greater Bay Area, Exploring New Opportunities," with a focus on cross-border financial cooperation, commercial legal collaboration, and the integration of artificial intelligence and biomedicine industries [1] - **Participants**: Approximately 1,200 attendees included representatives from business associations in Guangdong, Hong Kong, Macao, and international experts [1] - **Report Highlights**: The report consists of four chapters and provides a systematic overview of recent supply chain promotion efforts in the Greater Bay Area, including the first mapping of supply chains for smart vehicles and innovative pharmaceuticals [1]

本次大会以"赋能大湾区，共拓新机遇"为主题，由中国贸促会、广东省人民政府、香港特别行政区 政府、澳门特别行政区政府主办。来自国内外政府机构、工商界代表1200余人出席。 新华社广州9月15日电 第三届粤港澳大湾区发展工商大会15日在广州开幕，全国政协副主席姜信治 出席开幕式并致辞。 姜信治表示，建设粤港澳大湾区，是习近平主席亲自谋划、亲自部署、亲自推动的重大国家战略， 也是推动"一国两制"事业发展的新实践。《粤港澳大湾区发展规划纲要》发布6年来，粤港澳三地紧密 携手，推动大湾区经济实力、区域竞争力显著增强。希望与会各方深化交流合作，共同谱写粤港澳大湾 区高质量发展的新篇章，为建设开放型世界经济、构建人类命运共同体作出积极贡献。 ...

Core Insights - The event organized by the Nantong Shanghai Chamber of Commerce aimed to explore innovative cooperation opportunities in the Hengqin Guangdong-Macao Deep Cooperation Zone, focusing on strategic connections between the Yangtze River Delta and the Guangdong-Hong Kong-Macao Greater Bay Area [1][4]. Group 1: Strategic Development - The cooperation zone is establishing a regular communication mechanism to promote project implementation in sectors like new energy and healthcare, injecting new momentum into enterprise development for mutual benefits [4]. - The cooperation zone is building an "1+4" open system based on a special tax regime, facilitating efficient movement of people, goods, capital, and information [4]. - Eligible enterprises in the cooperation zone are subject to a corporate income tax rate of 15%, while high-end talent's individual income tax burden is capped at 15% [4]. Group 2: Industry Integration - The Hengqin cooperation zone's unique policy advantages and international business environment align well with the Nantong Shanghai Chamber of Commerce's goals of integrating the industrial chain, innovation chain, and value chain [7]. - The cooperation zone is collaborating with Macau to establish a China-Portuguese (Spanish) Economic and Trade Service Center, creating a strategic bridge for enterprises in the Yangtze River Delta to connect with Portuguese-speaking markets [7]. Group 3: On-Site Exploration - The visiting delegation conducted an on-site inspection of the Hengqin area, gaining a comprehensive understanding of its development status and potential [11]. - The delegation first visited the 62nd floor of the China Communications Construction Company to overlook the modern urban layout and transportation network of Hengqin [11]. - The group also explored the Hengqin Planning Exhibition Hall to understand the specific scenarios of cross-border trade facilitation under the "line management" policy [11].

Core Insights - The China Securities Index for the Guangdong-Hong Kong-Macao Greater Bay Area has shown a positive performance, with a 0.94% increase as of September 5, 2025, and notable gains in constituent stocks such as Tianci Materials and Yiwei Lithium Energy [1][4] Performance Summary - The Greater Bay Area ETF (512970) has increased by 0.22% recently, with a latest price of 1.39 yuan, and a cumulative increase of 1.61% over the past two weeks [1] - The ETF has achieved a net value increase of 40.75% over the past year, with the highest monthly return recorded at 21.99% since its inception [1][2] - The ETF's average monthly return during rising months is 5.38%, and it has outperformed its benchmark with an annualized excess return of 8.73% over the last three months [1] Liquidity and Trading Activity - The trading volume for the Greater Bay Area ETF was 3.14 thousand yuan with a turnover rate of 0.04% [1] - The average daily trading volume over the past month was 70.97 thousand yuan [1] Risk and Fee Structure - The management fee for the Greater Bay Area ETF is 0.15%, while the custody fee is 0.05% [2] Tracking Accuracy - The tracking error for the Greater Bay Area ETF over the past month is 0.028%, indicating a close alignment with the underlying index [3] Top Holdings - The top ten weighted stocks in the index account for 49.06%, with major companies including Ping An Insurance, BYD, and China Merchants Bank [4][6]

Core Viewpoint - The company is focusing on the opportunities presented by the development of the Guangdong-Hong Kong-Macao Greater Bay Area, which is recognized as one of the most dynamic and open regions in China, driving demand for customized elevator upgrades and smart maintenance services [1] Company Overview - Founded in 1997, the company specializes in the research, development, production, sales, installation, and maintenance of elevators, escalators, moving walkways, and related components [1] Financial Performance - In the first half of the year, the company achieved a revenue of 1.858 billion yuan and a net profit attributable to shareholders of 180 million yuan, representing a year-on-year growth of 2.29% [1] - The company's earnings per share increased to 0.2254 yuan, reflecting a 2.27% year-on-year improvement [1] Strategic Focus - The company is enhancing its regional organizational structure in the Greater Bay Area and actively optimizing its channels to achieve high-quality development [1] - The ongoing urban renewal and smart city initiatives in the region are expected to further boost the demand for the company's products and services [1]

Group 1 - The National Financial Supervisory Administration has approved Fubon Bank (Hong Kong) Co., Ltd. to establish a branch in Shenzhen, which will enhance its cross-border financial layout and enrich the foreign capital ecosystem in Qianhai [1] - Fubon Bank (Hong Kong) is a wholly-owned subsidiary of Fubon Financial Holding Co., Ltd., which is the second-largest financial holding company in Taiwan by total assets and the largest by market capitalization [1] - The establishment in Qianhai is driven by the potential of the Guangdong-Hong Kong-Macao Greater Bay Area, aiming to leverage Qianhai's cross-border financial advantages to improve service quality and products for cross-border enterprises [1] Group 2 - With the continuous improvement of financial reform and the integration of financial rules between Shenzhen and Hong Kong, Qianhai is strengthening its role as a pilot demonstration window for the opening of the financial industry and an innovation zone for cross-border RMB business [2] - The added value of the financial industry in Qianhai is projected to double from 20.8 billion yuan in 2022 to 49.2 billion yuan in 2024, maintaining a growth rate of 13.8% in the first half of 2025 [2] - Currently, there are 503 financial institutions in Qianhai, with nearly 30% being Hong Kong and foreign financial institutions [2]

Core Insights - The Zhongzheng Guangdong-Hong Kong-Macao Greater Bay Area Development Theme Index (931000) has shown a positive performance, with a 0.75% increase as of August 27, 2025, and notable gains in constituent stocks such as ShenNan Circuit (002916) and XingSen Technology (002436) [2][4] Performance Summary - The Greater Bay Area ETF (512970) has experienced a 0.35% increase, marking its fourth consecutive rise, with a latest price of 1.43 yuan [2] - Over the past week, the Greater Bay Area ETF has accumulated a 4.93% increase, with a recent trading volume of 21.70 million yuan and an average daily trading volume of 108.33 million yuan [2][3] - The ETF's net asset value has risen by 46.19% over the past year, with the highest monthly return recorded at 21.99% since its inception [2][3] Risk and Return Metrics - The Sharpe ratio for the Greater Bay Area ETF over the past year stands at 1.60, indicating a favorable risk-adjusted return [3] - The ETF has experienced a relative drawdown of 0.43% compared to its benchmark this year, with a recovery period of 108 days [3] Fee Structure - The management fee for the Greater Bay Area ETF is set at 0.15%, while the custody fee is 0.05% [3] Tracking Accuracy - The tracking error for the Greater Bay Area ETF over the past month is reported at 0.027%, demonstrating its close alignment with the Zhongzheng Guangdong-Hong Kong-Macao Greater Bay Area Development Theme Index [3] Top Holdings - As of July 31, 2025, the top ten weighted stocks in the Zhongzheng Guangdong-Hong Kong-Macao Greater Bay Area Development Theme Index account for 50.37% of the index, with major companies including China Ping An (601318) and BYD (002594) [4][6]