Trade Zone: Gba and Incubation Base

trade zone: If Macao establishes an offshore yuan NASDAQ, and it is complementary to the Hong Kong Stock Exchange HKSE and mutually beneficial to the mainland, it would be strategically significant for the development of the GBA and the Hainan Free Trade Zone, according to Global Times China. The GBA region is an incubation base for innovation and advanced technology. It should be guided by the basic principle of take full advantage of Macao and serve China's overall strategy, a vital component of the Greater Bay Area GBA and the country's multi-level capital market. According to official data from the Guangdong provincial monetary authority, the province is home to 45,000 state-level high-tech enterprises, but only 600 firms went public. The Shenzhen Stock Exchange and the Shanghai Stock Exchange are far from meeting the financing demands for high-tech enterprises, while the HKSE has a higher listing threshold. Of those listed companies, not all are high-tech enterprises. (news.financializer.com). As reported in the news.