The need for better communication
Hong Kong and Shenzhen are separated only by a strip of water but there exist notable differences in their economic systems. While the governments in Hong Kong and Shenzhen have multiple collaboration arrangements, there is a lack of leading bodies to guide the execution and ensure the cohesiveness of the projects.
Transport facilities construction to be optimized
An integrated intercity rail network covering the entire GBA is yet to be built. The transport hub in Shenzhen requires optimization, with particular attention to multi-modal transport, as well the coordination of central and local operators.
Difficulty in innovation and technology plan implementation
Shenzhen needs to enhance its research capability, core technologies, and industry-university-research institute collaboration, and Hong Kong needs access to a market to help its prototyping and commercialization of research outcomes.
Difficulty in raising capital for infrastructure
To make these plans appealing to external investors, Hong Kong and Shenzhen must explore ways to raise funds with market-based models to relieve the need for large capital input.
Synergy in smart transportation is to be achieved
Hong Kong and Shenzhen lack a unified digital platform in smart transportation development.