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The 2024 Guangdong-Hong Kong-Macao Greater Bay Area Global Investment Promotion Conference, held on November 8th, attracted global businesses to explore new opportunities in one of China's most dynamic economic regions. Co-hosted by the governments of Guangdong, Hong Kong, and Macau, the event saw a record-breaking 1,933 projects signed, amounting to a total investment of 2.26 trillion yuan.

This year's conference featured a main event, nine city-level investment promotion conferences, and numerous roadshows and industry-specific investment promotion activities worldwide, garnering strong support from global enterprises. Prominent business leaders including Martin Brudermüller, Chairman of the Board of Executive Directors of BASF, Koo Bon-Moo, Chairman of Wilmar International, and Darren Woods, Chairman and Chief Executive Officer of Exxon Mobil, shared their insights on investing in the Greater Bay Area.

The conference also witnessed the signing of 24 major projects and the unveiling of a new batch of Guangdong Global Investment Advisors, outstanding investment cities, and star investment projects.

Previous editions of the conference have also yielded significant results. The 2022 conference resulted in 853 investment and trade projects, with a total investment of 1.81 trillion yuan. As of now, 77.6% of these projects have commenced construction, and the completed investment has reached 521.81 billion yuan. Similarly, the 2023 conference signed 859 projects, with a total investment of 1.63 trillion yuan. The progress on these projects is even more impressive, with 78% of them already underway and a completed investment of 525.57 billion yuan.

Data shows that Guangdong province saw a remarkable 29.9% year-on-year increase in newly established foreign-funded manufacturing enterprises in 2023. Notably, the actual utilization of foreign capital in Guangdong's manufacturing sector reached 49.22 billion yuan, representing an 11.7% year-on-year growth and accounting for 30.9% of the province's total actual utilization of foreign capital – the highest proportion in the past five years.