Core Viewpoint - The commencement of the Guanghui Expressway expansion project marks a significant step in enhancing transportation infrastructure in the Guangdong-Hong Kong-Macao Greater Bay Area, aimed at alleviating traffic congestion and improving connectivity [1] Project Overview - The Guanghui Expressway expansion project spans approximately 153.9 kilometers, starting from Huangpu District in Guangzhou and ending in Huidong County, Huizhou [1] - The project includes 29 interchanges, 4 service areas, and 2 parking areas, with design speeds of 100 km/h for certain segments and 120 km/h for others [1] Road Expansion Details - The section from Huizhou Xiaojinkou to Guangzhou Luogang will be expanded from a dual six-lane to a dual ten-lane configuration [1] - The section from Huizhou Xiaojinkou to Lingkeng will be expanded from a dual four-lane to a dual eight-lane configuration [1] Impact on Regional Connectivity - Upon completion, the project is expected to effectively alleviate traffic congestion and strengthen the interconnectivity within the Greater Bay Area, further extending its influence into the eastern Guangdong region [1]

Core Viewpoint - The Guangdong-Hong Kong-Macao Greater Bay Area is positioned as a frontier for China's opening up to the world, with increasing numbers of enterprises from the region moving towards international markets, supported by Hong Kong's advantages as an international and market-oriented platform [1][2] Group 1: Financial Development and Cross-Border Cooperation - The Hong Kong Monetary Authority (HKMA) has made significant progress in cross-border credit cooperation in the Greater Bay Area over the past two years, enabling banks in Shenzhen and Hong Kong to establish credit information for cross-border enterprises, thus providing a more reliable basis for cross-border financing [1] - The HKMA encourages mainland enterprises to establish overseas business headquarters and treasury centers in Hong Kong to effectively manage overseas funds [1] Group 2: Payment Systems and Technological Advancements - Current global payment systems face challenges such as multiple intermediaries and high costs, but these issues are expected to be gradually resolved with technological advancements [1] Group 3: Investment Connectivity and Market Response - The HKMA and mainland regulatory bodies are enhancing the "Southbound Pass" initiative, expanding the range of investors from banks to include major securities firms, funds, insurance, and wealth management institutions, injecting new momentum into the program [2] - As of June this year, over 160,000 individual investors participated in the "Cross-Border Wealth Management Connect," more than double the number during the previous version [2] - The market value of holdings under the Southbound Pass has exceeded 16 billion RMB, doubling compared to the previous version of the program [2]

Group 1 - The launch of the Hong Kong agent witness account opening service in Dongguan marks a significant step in facilitating the establishment of bank accounts for Hong Kong and Macau residents in mainland China, enhancing the payment system's service efficiency in the Guangdong-Hong Kong-Macau Greater Bay Area [2][4] - The Industrial and Commercial Bank of China (ICBC) Dongguan branch successfully completed the first Hong Kong agent witness account opening, demonstrating the service's operational readiness and efficiency [3] - The People's Bank of China Dongguan branch provided comprehensive guidance to seven participating banks, ensuring compliance, operational optimization, and risk management for the new service [2][3] Group 2 - The new service significantly improves the cross-border living experience for Hong Kong and Macau residents in Dongguan, offering better payment services for their daily needs [4] - The first successful account opening was completed in just four hours, showcasing the efficiency of the process and the positive feedback from customers [3] - The collaboration between ICBC Dongguan and its Hong Kong counterpart involved extensive internal training and system testing to ensure seamless service delivery [3]

Core Insights - The Zhuhai Border Inspection Station reported that as of May 30, the passenger flow through the Gongbei Port between Guangdong and Macau has exceeded 50 million this year, marking a 12% year-on-year increase, making it the first port in the country to reach this milestone in 2023 [1] Group 1 - The significant increase in passenger flow indicates a robust recovery in cross-border travel between mainland China and Macau, driven by residents traveling for tourism, study, and work [1] - The data reflects the ongoing acceleration of connectivity and integration within the Guangdong-Hong Kong-Macau Greater Bay Area [1]

Group 1 - The Hong Kong SAR government announced the effectiveness of the Companies (Amendment) Ordinance 2025, allowing companies established outside Hong Kong to apply for registration in Hong Kong [1] - The types of companies eligible for registration include private limited companies, public limited companies, private unlimited companies with share capital, and public unlimited companies with share capital [1] - The Financial Secretary highlighted that the new registration mechanism will help companies navigate adverse external business environments and enhance Hong Kong's role as a "super connector" and "super value creator" [1] Group 2 - The Hong Kong Insurance Authority stated that the new framework provides a simple and cost-effective solution for companies seeking to relocate to Hong Kong [2] - Local insurance companies registered overseas have shown strong interest in the new system, indicating a desire to leverage opportunities from the Greater Bay Area [2]

Core Insights - The Guangdong-Hong Kong-Macao Greater Bay Area is experiencing a significant increase in cross-border traffic during the May Day holiday, indicating strong connectivity in infrastructure, consumer scenarios, and cross-border payment methods [1] Group 1: Traffic Statistics - As of May 3rd, over 255,000 people have crossed the Hengqin Port, with vehicle traffic exceeding 20,000, representing a year-on-year increase of 55% and 54% respectively [1]

Core Points - The opening of the Guangzhou Panyu Hotel City Check-in Lounge on March 31 marks an expansion of the Hong Kong International Airport service network, enhancing transportation connectivity in the Guangdong-Hong Kong-Macao Greater Bay Area [1][3] - The new check-in lounge offers 38 daily round trips to Hong Kong Airport, facilitating travel for a large number of passengers [3][4] - The Hong Kong Airport Authority emphasizes the importance of the new lounge in strengthening the airport's role as a key hub in the region and enhancing the international connectivity of the Greater Bay Area [3][7] Summary by Sections City Check-in Lounges - The Guangzhou Panyu Hotel City Check-in Lounge is strategically located in a bustling area of Panyu District, providing convenient access and comprehensive facilities for travelers [3] - The lounge will introduce self-service check-in kiosks in April, further simplifying the travel process and improving efficiency [3] Expansion of Airport Network - The Hong Kong International Airport has been rapidly expanding its city check-in lounge network, with an average of one new lounge opening each month this year [7] - Recent openings include lounges in Zhaoqing, Guangzhou, Foshan, and Jiangmen, enhancing connectivity for local residents and business travelers [3][4][7] Enhancing Connectivity - The establishment of city check-in lounges is a significant step in improving the passenger transport network in the Greater Bay Area, allowing seamless travel from home to the airport [4][7] - The airport is also enhancing upstream check-in services, allowing passengers to complete check-in and baggage drop-off at various ports before heading directly to the airport [8] Future Developments - The Hong Kong International Airport plans to continue improving passenger experiences and expanding its service facilities, including the upcoming opening of a parking facility at the Hong Kong-Zhuhai-Macao Bridge [8]

Core Viewpoint - The "Yue Car South" policy is expected to be announced soon, aiming to enhance cross-border transportation and promote the development of the Guangdong-Hong Kong-Macao Greater Bay Area [1][2]. Group 1: Policy Implementation - The Hong Kong Transport and Logistics Bureau is actively discussing the practical implementation of the "Yue Car South" policy with mainland authorities, with arrangements to be announced in due course [1]. - The initial phase of the policy aims to allow "Yue Cars" to access an automated parking facility at the Hong Kong port via the Hong Kong-Zhuhai-Macao Bridge [1][2]. - The Guangdong provincial government is also working on optimizing the "Yue Car South" initiative, alongside other cross-border transportation measures [1]. Group 2: Regulatory Framework - A draft management regulation for vehicles entering and exiting the Hong Kong port via the Zhuhai port has been publicly solicited for opinions, indicating a structured approach to the policy [2]. - Vehicle owners must submit reservation applications to the Hong Kong Airport Authority and provide necessary documentation as per their regulations [2]. - The vehicles eligible for the "Yue Car South" policy are defined as non-operational small passenger cars registered in Guangdong, with specific size and seating capacity limits [2]. Group 3: Economic Impact - The "Yue Car South" policy is anticipated to significantly enhance connectivity within the Greater Bay Area, expand consumption, and facilitate the flow of innovative resources, thereby promoting economic growth [2]. - Zhuhai has positioned itself as a key city for implementing the "Yue Car South" policy, enhancing the convenience for residents traveling between Hong Kong, Macau, and the mainland [2].