Core Viewpoint - Guangdong has the potential to create a platform that serves the Fourth Industrial Revolution, focusing on sustainable development in the modern service industry [26]. Group 1: Current Status and Challenges - Guangdong's modern service industry is at a leading position nationally, particularly in technology innovation, financial services, and digital economy [4]. - Despite its strengths, the industry faces challenges such as insufficient high-end supply and regional imbalances [5]. - The development of service trade in the Greater Bay Area (GBA) is lagging behind goods trade, with a need for structural optimization [30]. Group 2: Recommendations for Development - It is suggested that the GBA should consider pilot projects to apply modern service industry rules based on Hong Kong's service trade framework, promoting a unified market across the region [6][48]. - A "three-in-one" model is proposed, emphasizing the need for basic research, applied technology, and financial support to drive technological innovation [12][13]. - The establishment of a robust financial support system is crucial, as the lack of a venture capital system is seen as a significant shortcoming in China's technological advancement [22][24]. Group 3: Strategic Advantages of the Greater Bay Area - The GBA has unique advantages, including Hong Kong's status as an international free port, cultural diversity, and proximity to Southeast Asia, which can be leveraged for high-level growth in service trade [39][41]. - There is a call for Guangdong to align its regulatory mechanisms with those of Hong Kong to enhance service trade cooperation and establish a comprehensive business rule system [42][45].