|Modern Service Industry Seminar & Study Tour - Longgang, Shenzhen|
Impressed by the rapid development of Longgang, Shenzhen during an April mission, the Chamber re-ran a visit to Longgang in July so that members could learn more about the development of the district. HKGCC was invited by Xie Xiaobiao, Executive Chairman of the Shenzhen Association of Trade in Services, to join the Modern Service Industry Seminar Longgang, Shenzhen hosted by the Commerce Bureau of Shenzhen Municipality and Longgang Government. As one of the co-organizers of the seminar, the Chamber organized a 26-member delegation to join the event on 18 July to further deepen the cooperation between HKGCC members and companies in Longgang. Petrina Tam, Chairman of China Committee, spoke at the seminar.
|Real Estate Investment Opportunities in the Greater Bay Area|
Since the masterplan to transform the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) into a global economic powerhouse was rolled out two years ago, a much-anticipated blueprint for the region was finally released by the Chinese government in February. Over the past two years, there has been an explosion of investor interest in the area. At a lunchtime seminar on 16 July, Reed Hatcher, Head of Research, and Queeny So, Executive Director, Capital Markets, China from Cushman & Wakefield spoke on the most exciting markets and asset classes to watch for in the real estate investment scene. In their presentations, the speakers covered some noteworthy opportunities brought on by the vibrant Tier-1 cities in the GBA including Hong Kong, Shenzhen and Guangzhou. They also shared some of their insights on property investment trends in the GBA, as well as the reasons behind the rising investment interest for properties, particularly in Shenzhen and Guangzhou, arising from the government blueprint.
|Mission to Zhaoqing: Healthcare and Green Business Opportunities|
Following an invitation from Zhaoqing Municipal Government Mayor Fan Zhongjie, China Committee Chairman Petrina Tam led a delegation to visit the city on 11-12 July. After a high-speed train trip, the visitors had the opportunity to explore the latest developments in Zhaoqing’s healthcare, environmental protection and leisure industries. During meetings with senior officials, delegates discussed the "Zhaoqing Hong Kong City" plan. The officials explained that Hong Kong-style hospitals, schools, health centres, hotels and shopping malls will be built in the city. The delegation also visited a number of tourism hotspots including Dinghu, the bamboo forest in Guangning County and Seven Star Crags.
|Making Payments in the Greater Bay Area Convenient and Efficient|
Three expert speakers updated members on payment services in the Greater Bay Area at a Chamber luncheon roundtable on 30 May. Dick Ho, Deputy General Manager (Transformation & Digital Banking) at Bank of China (Hong Kong), shared how his bank had facilitated the development of cross-border payment solutions and enhanced the customer banking experience. Bosco Lin, Chief Commercial Officer of AlipayHK, spoke about the company’s extensive e-wallet service and shed light on the demands and expected benefits of cross-border services. Monita Leung, Head of Financial Services at HKT, shared how the company has tapped into the local market with its “Tap & Go” multi-currency mobile payment services, and its efforts to increase retail operation efficiency.
|Greater Bay Area – a New Growth Engine for Hong Kong|
As the Greater Bay Area (GBA) gains momentum, the business community in Hong Kong is keen to find out where the opportunities lie in this major initiative. At a full house roundtable luncheon on 27 May, Michael Enright, Managing Director at Enright, Scott & Associates, and Professor of Business and Economics at the University of Hong Kong, discussed the findings of a nine-month study on the GBA with attendees. New infrastructure developments, such as the high-speed rail and bridge links, will make the planned one- and two-hour living circles within the GBA increasingly achievable, creating greater opportunities through closer business interactions.
|Visit to China's Smart City – Longgang, Shenzhen|
China Committee Chairman Petrina Tam led a delegation to Longgang, Shenzhen on 12 April. Members first visited Vanke Longcheng Mall Project and Longgang City Planning Exhibition Hall to learn about the latest regeneration projects taking place in the city. Delegates then travelled to Longgang Smart Center to see how the centre is applying new technologies including the Internet, IOT and AI to everyday life. The mission ended with visits to Universiade Software Town, Shenzhen Longer 3D Technology Co Ltd, and Shenzhen Landing Medical High-Tech Co Ltd.
At the Greater Bay Area Forum on 10 April, the Chamber was delighted to have many distinguished speakers sharing their insights on how Hong Kong can capture the great opportunities arising from the Outline Development Plan for the GBA. The speakers discussed how the 11 cities should work together like a football team, with each focusing on its individual strengths.
Patrick Nip, Secretary for Constitutional and Mainland Affairs, said all the conditions in terms of timing, geographical advantage and human relations are now ripe for the development of GBA, and we cannot afford to miss it.
Liao Jingshan, Director General, Hong Kong and Macao Affairs Office of the People's Government of Guangdong Province, expressed his willingness to help Hong Kong enterprises enter the GBA by serving as a bridge for communication between Hong Kong and Guangdong Province Government. Liao is also Chairman, Committee for Liaison with Hong Kong, Macao and Taiwan, CPPCC, Guangdong Province.
|Visit to China's Silicon Valley - Shenzhen|
Members enjoyed an exclusive look behind the scenes at some of China’s tech giants during a mission to Shenzhen on 29 March organized by the Digital, Information & Telecommunications Committee.The delegation first visited Huawei’s Headquarters in Bantian Industrial Zone and learnt about its latest cloud and 5G developments. Members then travelled to Tencent Headquarter in Binhai to see how the company is applying new technologies to everyday life. At Forms Syntron Information, delegates toured the new headquarters and heard how the company is driving growth of ICT industries within the GBA. The mission ended with a presentation by WeBank, China’s first digital bank, to understand how virtual banks are transforming customers’ experience and the banking landscape.
|Opportunities Ahead - Transplanting HK's Success into the Greater Bay Area|
At a roundtable on 18 March, Tommy Yuen, Director (Constitutional and Mainland Affairs), Special Duties, HKSAR Government, briefed members on the key messages of the Outline Development Plan for the Greater Bay Area, and the direction of related work for the Government. Catherine Tsang, Partner at PwC China's Tax and Business Advisory Division, also shared her views on the latest GBA developments and how Hong Kong implants its successful experience to promote the development of the region.
|The Greater Bay Area Development Blueprint and Prospect|
The Central Government released its Development Plan for the Greater Bay Area on 18 February, which contains specific guidance on the role of Hong Kong. At a Chamber luncheon on 26 February, Dr Tse Kwok Leung, Head of Policy and Economic Research at Bank of China (Hong Kong), introduced members to the key points of the Plan. Also at the event, Daniel Leung, Chief FinTech Officer at Forms Syntron Information (HK), shared from his own experience how Hong Kong-based technology companies can grow by taking advantage of the opportunities in Shenzhen and the wider region.