国务院昨日公布全国部分地区要素市场化配置综合改革试点实施方案，粤港澳大湾区内地九市是十大试点之一。今次试点不仅涉及土地、劳动力、资本等传统要素，亦支持试点地区探索数据、算力、空域等新型要素配置方式和价值实现路径。其中，湾区方案提及发展多层次资本市场、打造粤港澳大湾区债券平台、开展海陆空全空间无人机体系建设等任务。香港各界要紧紧把握内地新一轮改革的机遇，发挥好自身优势，在加快与大湾区融合发展的进程中，为本港经济高质量发展注入新动能。

　　在内地改革开放中，广东一直是领头羊，扮演着试验田的角色。大湾区内地九市纳入要素市场化配置综合改革试点，再次体现了中央对广东及大湾区的重视。作为大湾区城市之一的香港，不能置身事外。根据粤港澳大湾区九市要素市场化配置综合改革试点实施方案，围绕促进技术要素成果转化、提高土地配置效率、引导人力资源畅通流动、加快培育数据要素市场、增强资本要素配置能力、加强资源环境制度建设、全面提高要素协同配置效率等七个方面展开，这些改革内容与香港息息相关，香港正好发挥所长。

　　大湾区内地九市中，广州、深圳、佛山、东莞原本就是制造业和创新重镇，推动土地、资本、数据、技术要素的市场化改革，使其向新质新域生产力方面倾斜，有力推动资本高效流动与整合。对香港而言，这是与大湾区内地城市深度融合发展的契机，双方合作的门槛更低，机会面更广。香港的法律、会计、咨询等专业人才大有用武之地，进一步巩固香港国际金融和专业服务中心的地位。

　　新一轮改革推动完善科技成果产权制度，促进数据要素流通和共享机制，有效促进新质生产力培育和发展。香港的科研优势和国际化经验，成熟的产权制度，可结合大湾区内地九市的产业配套和市场需求，形成优势互补，香港创科发展也因此获得新动力。

　　湾区方案特别提到，发展多层次资本市场，支持深圳证券交易所继续完善上市制度，打造粤港澳大湾区债券平台，建立连接技术市场和资本市场的全国综合服务平台。香港作为国际金融中心，资本市场成熟，近年也有不少内地债券在香港发行，香港在这方面的丰富经验，可在湾区内地九市的资本市场改革中发挥独特的作用。

　　湾区方案强调，强化新业态新领域和服务业要素保障，聚焦深海、航空、人工智能等新业态、新领域，推动生产要素创新性配置。香港正在全力发展创新科技，河套深港创新园更是香港与深圳合作的重点项目，湾区的要素市场化改革，既为香港创科产业带来发展机遇，也可为香港提供借鉴。

　　值得一提的是，试点改革方案为大湾区部署了开展海陆空空间无人机体系建设等任务，在确保安全的情况下，探索空域、频率等方面新型要素配置方式，形成发展新动能。深圳在内地低空经济发展方面早着先鞭，有很强的实力，有关安排体现了国家所需和地方所长的结合。深圳在无人机产业体系建设方面的探索创新，对同样在大力推动低空经济的香港来说，别具意义。

　　香港一直是内地改革开放的见证者、参与者与受惠者。内地新一轮改革，将为香港带来巨大发展机遇和红利，并将加快香港进一步融入大湾区的步伐。特区政府需要高度重视今次改革，加强与湾区内地城市的机制对接、规则衔接，社会各界也要提升对大湾区融合发展的认识，在以香港所长、贡献国家所需中，实现香港的高质量发展。

　　《大公报》 2025年9月12日　　

　　Seize the Opportunity of Reform and Promote Cross-boundary Integrated Development

　　 The State Council yesterday announced an Implementation Plan for Comprehensive Reform of Market-based Allocation designates the nine mainland cities of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) as one of the ten pilot regions. Unlike previous initiatives, this round of pilot reform not only covers traditional factors of production such as land, labor, and capital, but also encourages pilot regions to explore new modes of allocation and value realization for emerging elements like data, computational power, and airspace. Notably, the GBA plan outlines key tasks including the development of a multi-tiered capital market, the creation of a Guangdong-Hong Kong-Macao GBA bond platform, and the construction of an integrated air, land, and sea unmanned systems network. Against this backdrop, it is imperative for all sectors in Hong Kong to seize the new opportunities afforded by this fresh wave of mainland reform, make full use of their unique strengths, and actively foster greater integration with th　　e GBA. By doing so, Hong Kong can inject fresh momentum into the city's pursuit of high-quality economic development.

　　 Guangdong has always been a pioneer and a testing ground in China's reform and opening-up process. The inclusion of the nine mainland cities of the GBA in the comprehensive pilot project for market-oriented allocation of factors once again highlights the central government's strong emphasis on Guangdong and the GBA. As one of the GBA cities, Hong Kong cannot stand aloof.

　　 According to the implementation plan for the pilot comprehensive reform of market-based factor allocation in the nine GBA mainland cities, efforts will be structured around seven key areas: promoting the commercialization of technological achievements, improving the efficiency of land allocation, facilitating the smooth flow of human resources, accelerating the cultivation of a data factors market, enhancing the capacity for capital allocation, strengthening the development of resource and environmental systems, and comprehensively improving the coordinated allocation of production factors. All these reform areas are closely linked to Hong Kong, providing an opportunity for the city to give full play to its strengths.

　　 Among the nine mainland cities in the GBA, Guangzhou, Shenzhen, Foshan, and Dongguan have long been strongholds of manufacturing and innovation. The push for market-oriented reform of land, capital, data, and technological factors - directing them towards new forms and fields of productivity - will effectively drive the efficient flow and integration of capital. For Hong Kong, this presents a valuable opportunity for deep integration and development with the GBA mainland cities, lowering the barriers to collaboration and broadening the scope of possibilities. Hong Kong's professionals in law, accounting, and consulting have much to contribute, further strengthening Hong Kong's status as an international financial and professional services centre.

　　 The new round of reforms will promote the improvement of the intellectual property system for technological achievements, facilitate the circulation and sharing of data factors, and effectively foster the cultivation and development of new forms of productivity. Hong Kong's research and development advantages, international experience, and mature intellectual property system can be integrated with the industrial support and market demands of the nine mainland cities in the GBA, creating complementary advantages. This will, in turn, provide new momentum for Hong Kong's innovation and technology development.

　　 The GBA plan specifically mentions the development of a multi-level capital market, supporting the Shenzhen Stock Exchange in continuing to improve its listing system, building the Guangdong-Hong Kong-Macao GBA bond platform, and establishing a national comprehensive service platform connecting the technology market and the capital market. As an international financial center, Hong Kong has a mature capital market, and in recent years, several mainland bonds have been issued in Hong Kong. Hong Kong's rich experience in this area can play a unique role in the capital market reforms in the nine mainland cities of the GBA.

　　 The GBA plan focuses on strengthening the protection of resources for new industries and the service sector, including areas like deep-sea, aviation, and artificial intelligence, while encouraging innovative use of production factors. Hong Kong is fully committed to developing innovation and technology, with the the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone being a key project of cooperation between Hong Kong and Shenzhen. The market-oriented reform of the factor market in the GBA not only brings development opportunities to Hong Kong's innovation and technology industry but also provides valuable insights for Hong Kong.

　　 It is worth mentioning that the pilot reform plan has outlined tasks for the GBA, including the development of a marine, land, and air unmanned aerial vehicle (UAV) system. Under the premise of ensuring safety, the plan explores new ways of allocating elements such as airspace and frequencies to create new development momentum. Shenzhen has been a pioneer in the development of the low-altitude economy in mainland China and possesses strong capabilities in this area. The arrangement reflects the combination of national needs and local strengths. Shenzhen's exploration and innovation in the construction of the UAV industry system is particularly significant for Hong Kong, which is also vigorously promoting the low-altitude economy.

　　 Hong Kong has always been a witness, participant, and beneficiary of the mainland's reform and opening-up. The new round of reforms on the mainland will bring tremendous development opportunities and benefits to Hong Kong, and will accelerate Hong Kong's further integration into the GBA. The HKSAR government needs to pay close attention to this reform, strengthen its mechanism and regulatory alignment with mainland cities in the Bay Area, and society as a whole should enhance its understanding of the GBA's integrated development. In leveraging Hong Kong's strengths and contributing to the national needs, Hong Kong can achieve high-quality development.