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Regional Financial Development and Economic Growth in China: A Study of Guangdong–Hong Kong–Macao Greater Bay Area

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China: The Great Transition

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Abstract

The construction of the Guangdong–Hong Kong–Macao Greater Bay Area has become one of China's key development strategies, and it is particularly important to explore the relationship between financial development and economic growth in this region. This chapter analyses the economic status and financial development level of the Greater Bay Area. The research shows that the economic growth in the Greater Bay Area has no significant driving effect on financial development. The improvement of the level of financial development and the reorganization of the financial system have promoted the long-term impact of economic growth in the Greater Bay Area.

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Author information

Authors and Affiliations

  1. Adam Smith Business School, University of Glasgow, Glasgow, Scotland, UK

    Yuhao Luo

  2. Business School for the Creative Industries, University for the Creative Arts, 21 Ashley Rd, Epsom, KT18 5BE, UK

    Bhabani Shankar Nayak

Authors
  1. Yuhao Luo
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  2. Bhabani Shankar Nayak
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Correspondence to Bhabani Shankar Nayak .

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Editors and Affiliations

  1. University for the Creative Arts, Epsom, Surrey, UK

    Bhabani Shankar Nayak

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Luo, Y., Nayak, B.S. (2023). Regional Financial Development and Economic Growth in China: A Study of Guangdong–Hong Kong–Macao Greater Bay Area. In: Nayak, B.S. (eds) China: The Great Transition. Springer, Singapore. https://doi.org/10.1007/978-981-99-0051-0_3

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