2017年“两会”期间，李克强总理提出要谋划建设粤港澳大湾区，这是港澳珠三角一体化的升级版。改革开放以来，港资企业对全国，尤其是珠三角的经济发展和转型升级发挥了不可替代的作用。2014年中国经济进入新常态，改革开放先行一步的珠三角，最先感到转型升级的压力，特别是“三期叠加”倒逼企业加快转型升级的压力。文中归纳了粤港澳大湾区港资企业转型升级的特征事实，提出港资企业转型升级新模式——“跨国并购追赶模式”，并介绍了香港创科集团的成功案例。结论是根据粤港澳大湾区港资企业的特点，跨国并购是实现企业转型升级的一种可行模式，可适时利用跨国并购实现技术、品牌的飞跃，通过再投资培育自主创新能力，最终实现企业转型升级。
In 2017，Premier Li Keqiang proposed to plan Guangdong-Hong Kong-Macao Greater Bay Area，this is integration upgrading of Hong Kong and the Pearl River Delta.Since the reform and opening up，Hong Kong enterprises play an important role in China，especially in the Pearl River Delta for economic development and transformation and upgrading.After the 2014 “Chinese Economics New Normal”，the reform and opening of the Pearl River Delta，firstly feel the pressure of transformation and upgrading，but also the first to begin the transformation and upgrading of practice.This paper summarizes stylized facts of Hong Kong enterprises in Guangdong-Hong Kong-Macao Greater Bay Area，and a new model of Hong Kong enterprises upgrading—“cross-border mergers and acquisitions to catch-up model”，to introduce Hong Kong TTI group as a successful case.Conclusion is that，a feasible model for the transformation and upgrading of Hong Kong enterprises is to buy technology and brand through cross-border mergers and acquisitions.Our suggestion is that enterprises should realize cross-border mergers and acquisitions by integration of upstream and downstream，foster social capital，with the help of key technology mergers and acquisitions，and then to achieve technological catch-up and market expansion.
| Keywords： | Transformation and UpgradingCross-Border Mergers and AcquisitionsGuangdong-Hong Kong-Macao Greater Bay Area |
