SFC Dialogue丨Xia Le: GBA needs to coordinate Multi-City Development

️Sharon Hu, journalist for Southern Finance Omnimedia Corp (SFC)

From May 20th to 21st, the "2025 Greater Bay Area Forum" is held in Guangzhou.

"If calculated by population, the economic scale of the Guangdong - Hong Kong - Macao Greater Bay Area should be the most prominent among all bay areas." Xia Le, Chief Economist for Asia at Banco Bilbao Vizcaya Argentaria (BBVA), is deeply impressed by the development of the Greater Bay Area.

He mentioned that the Greater Bay Area has advantages such as a complete industrial chain and the presence of Hong Kong, a historical international financial center. When discussing future development, Xia Le believes that the Greater Bay Area needs to coordinate the development of various cities and break through institutional constraints.

He is convinced that the Greater Bay Area will be able to coordinate the institutional design for its cities. Xia Le stated that against the backdrop of increasing external economic uncertainties, exploring how to leverage financial innovation to serve the Greater Bay Area's own technology-driven industrial development is a crucial topic.