Author(s)

Yichen Li, Shuci Zeng

Corresponding Author

Yichen Li

Abstract

The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is a key national-level urban agglomeration aimed at fostering innovation, industrial integration, and high-quality development. Factor market integration—including labor, capital, logistics, and information—is critical for promoting deep regional economic cooperation, yet the GBA faces challenges such as institutional fragmentation, administrative barriers, and insufficient cross-border infrastructure. This study systematically examines the current status of factor market integration in the GBA, analyzes its mechanisms for enhancing regional cooperation through reduced transaction costs, optimized resource allocation, and industrial chain synergy, and identifies major obstacles hindering integration. Drawing on comparative experiences from the Yangtze River Delta and the European Union, the paper proposes strategic recommendations including institutional openness, coordinated governance mechanisms, infrastructure network optimization, and reforms to facilitate talent, capital, and data flows. The findings provide theoretical and policy guidance for advancing factor market integration and achieving high-quality, deep economic cooperation in the GBA.

Keywords

Guangdong-Hong Kong-Macao Greater Bay Area; Factor Market Integration; Deep Economic Cooperation; Institutional Coordination; Regional Development Strategy