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China's State Council on Monday issued guidelines for developing a "Greater Bay Area" around the Pearl River Delta, in a bid to spur growth and transformation in Hong Kong, Macao, and nine cities in Guangdong Province. The plan also aims to foster cross-border transactions of the yuan and financial products such as funds and assets management within the bay area. Ronald Wan, the non-executive chairman of Partners Financial Holdings, explains the role Hong Kong can play in this process.