Guangdong-Hong Kong-Macau Greater Bay Area Market Integration:Competition Policy Coordination and Institutional Innovation
As the region with the highest level of openness,the strongest market vitality and the highest quality of economic development in China,accelerating the integrated development of the Greater Bay Area market is an important measure to realize the strategic fulcrum of the new development pattern of the Guangdong-Hong Kong-Macao Greater Bay Area,a high-quality development demonstration site,and a new positioning of a leading place for Chinese path to modernization.The implementation of competition policies in the Guangdong Hong Kong Macao Greater Bay Area is conducive to promoting the pilot construction of a unified regional market in the Greater Bay Area.Leveraging the fundamental position of competition policy and innovating institutional arrangements can help maintain a fair competitive market environment,and play a decisive role in resource allocation.This is a fundamental prerequisite and important task for promoting a unified market in the Guangdong Hong Kong Macao Greater Bay Area.Therefore,it is necessary to establish the fundamental position of competition policy,implement a fair competition review system,improve the implementation mechanism of competition policy,improve the high standard institutional system to ensure fair competition and effective operation of the market economy,improve the collaborative regulatory system,and promote the construction of a unified,open,and orderly competition market in the Bay Area.
Guangdong-Hong Kong-Macao Greater Bay AreaMarket IntegrationCompetition PolicyPolicy CoordinationInstitutional Innovation