GBA Reports

Zhaoqing’s Growing Appeal

A Hong Kong-style zone is among the projects aimed at attracting residents and businesses to this GBA city

Return to Longgang

Repeat visit to Shenzhen district gives members the opportunity to see the latest developments

Tapping the GBA’s Diversity

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

Surveys

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.

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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.

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Past Events

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.



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