HK yacht experience can benefit GBA

Enhanced cooperation in the yacht industry could promote Hong Kong's cross-boundary tourism and help ease its berth shortage problem, while bringing sound management experience to mainland cities in the Guangdong-Hong Kong-Macao Greater Bay Area, industry leaders said.

They also called on the government to take full advantage of the experience of the Northbound Travel for Hong Kong Vehicles program and set up a similar system for the cross-boundary operation of yachts.

The Guangdong provincial government last week issued a work plan to promote the high-quality development of the yacht industry from 2024 to 2027. According to the document, the province aims to increase the market value of the yacht sector and related industries to 100 billion yuan ($13.8 billion) or more by 2027, with the number of registered yachts reaching 4,000.