The construction of the city cluster of Guangdong, Hong Kong and Macao Bay Area is not only the intrinsic demand for the development of the Bay Area's economy and culture, but also an important strategic initiative to realize China's construction of a world-class innovation and economic zone. The strategy is aiming to implement the "one country, two systems", and the establishment of a new system of an open economy that is on a par with the international standards. Therefore, how to promote the synergistic and mutual assistance among cities in the Bay Area, build a multi-body linkage, enhance the level of resource factor allocation in the Bay Area, and finally coordinate the industrial links among the three places are important to realize the development of industries in the Bay Area. However, the coordinated development of industrial innovation in the Guangdong-Hong Kong-Macao Greater Bay Area faces the problems of increasing factor flow costs due to the institutional differences, insufficient independent innovation capacity of small and medium-sized enterprises (SMEs), the shortage of technological innovators reservationas well as the urgent need to upgrade industrial cooperation and division of labor. Accordingly, the article proposes the following countermeasures to promote the coordinated development of industrial innovation in the Guangdong-Hong Kong-Macao Greater Bay Area: (1) Improve the foundation and capacity of research and development.(2) Promote the rate of transformation of innovation results and knowledge, and to fully integrate the Bay Area's innovation resources and platforms. (3) Build the innovation ecosystem of the Guangdong-Hong Kong-Macao Greater Bay Area.

Ziqian Chen, Lingyun Song, Shiyun Hu. Study on Problems and Countermeasures of Collaborative Development of Industrial Innovation in Guangdong, Hong Kong and Macao Greater Bay Area. Academic Journal of Humanities & Social Sciences (2024) Vol. 7, Issue 3: 85-93. https://doi.org/10.25236/AJHSS.2024.070313.

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