EY Report: GBA Enterprises Must Build Complete Ecosystem to Compete Globally
SingTao · 1 SOURCESabout 1 hour ago2 MIN
Summary
Ernst & Young has published its Greater Bay Area Enterprise Going-Global Insights Report themed "Building a Globalization Ecosystem," presenting a comprehensive framework designed to help enterprises establish robust support systems for global expansion. The report introduces the "GBA Globalization Ecosystem" framework with "Building Global Competitiveness × Participating in Global Value Chain Restructuring" as its top-level vision, supported by "Four Pillars and Eight Dimensions."
Key Points
- The four pillars encompass institutions and rules, factor circulation, entrepreneurship and innovation, and infrastructure and hub networks
- The eight dimensions extend from these pillars: policy compliance, ESG risk control, cross-border finance, talent services, industry clustering, technology innovation, logistics infrastructure, and global supply chain management
- EY China Chairman Chen Kai stated that the next phase of enterprise globalization competition hinges on who can build a more complete globalization ecosystem, shifting from speed to comprehensive ecosystem support capability
- Qianhai Cooperation Zone saw imports and exports grow 57.2% and foreign investment increase over 102% in H1 2024, accounting for 76.9% of Shenzhen's total
- Enterprises have entered the "Going Global 4.0 Era" of deep globalization, requiring differentiated core competitiveness and refined operational capabilities for local market adaptation
Why It Matters
The report provides a strategic roadmap for GBA enterprises navigating increasingly complex global markets, highlighting that success now depends on ecosystem-level support rather than individual company capabilities. For Hong Kong businesses seeking to leverage the Greater Bay Area as a springboard for international expansion, the framework offers actionable guidance on leveraging cross-border financial services and institutional advantages to achieve sustainable global growth .
The report provides a strategic roadmap for GBA enterprises navigating increasingly complex global markets, highlighting that success now depends on ecosystem-level support rather than individual company capabilities. For Hong Kong businesses seeking to leverage the Greater Bay Area as a springboard for international expansion, the framework offers actionable guidance on leveraging cross-border financial services and institutional advantages to achieve sustainable global growth .