GBA Reports

Tapping the GBA’s Diversity

Complementary roles of Greater Bay Area cities will provide opportunities for Hong Kong

Making Cross-Border Payments Seamless

Improved financial products aim to make cashless transactions more efficient in Hong Kong and across the GBA


In the June issue, we report on our delegation's visit to Guangzhou and Shenzhen to see first-hand some of the latest GBA developments. We also learn about the differing global attitudes to Mainland Chinese companies, and hear from a number of our Chamber leaders at our annual AGM.


Greater Bay Area Survey - 2018

The Greater Bay Area’s (GBA) economy will grow faster than the rest of China over the next three years, and boost corporate expansion plans, according to the majority of business executives in a joint survey by KPMG, HSBC and the Hong Kong General Chamber of Commerce. The survey, titled Navigating the Greater Bay Area – Second annual survey on key drivers for success, was conducted in June and July 2018 and received responses from 714 business executives in Mainland China, Hong Kong and Macau.

The respondents highlighted a number of benefits of the GBA; 68% indicated the area’s potential for allowing access to more business opportunities, while 53% flagged options for greater synergy achieved by pooling resources.

While the GBA is expected to create business opportunities across all sectors, the survey respondents identified technology and innovation (53%), trade and logistics (45%) and financial services (44%) as the three key sectors to benefit the most.


Greater Bay Area Survey - 2017

A survey on key drivers for success

Businesses overwhelmingly support China’s Greater Bay Area initiative, according to a YouGov survey commissioned jointly by KPMG and the Hong Kong General Chamber of Commerce. The two-month survey was conducted in June and July 2017 and received responses from 614 business executives in Hong Kong (410), Guangzhou (91), Shenzhen (82) and other GBA cities (31).

Of the total respondents, close to 65 percent were at a senior management level, while around 35 percent were middle management or below. The companies they represent were from a wide range of industries, including manufacturing (157), distribution (143), e-commerce (73), retail (70), logistics (58), and others. The idea of Hong Kong, Macau and Guangdong working together to create GBA resonated with the survey respondents with 80 percent indicating their support for integrated development across the region.


Past Events

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.

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.

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