The Guangdong provincial traffic regulator decided to make it easier for some companies to get car license plates that ease travel among Guangdong, Hong Kong and Macau as part of China’s Greater Bay Area integration.
Guangdong's Traffic Management Bureau said it will remove some previous restrictions on companies’ qualification, such as cross-border investment value and tax payment, for business vehicle plates that are permitted to travel freely between the province and the two Special Administrative Regions.
China is putting in place a series of new policies to streamline business links and labor flows among Guangdong, Hong Kong and Macau as part of the ambitious Greater Bay Area project.
The traffic regulator also pledged greater efforts to crack down on a black market in cross-border car plates that has thrived as the plates have been difficult to obtain. Rising demand for cross-border travel has driven the black market price to more than 1 million yuan ($149,000), Caixin learned.