The Central Government lays great stress on the development of the Guangdong-Hong Kong-Macau Greater Bay Area (GBA) as a long term plan at the national level. What are some implications to Hong Kong?
The Guangdong Province, Hong Kong and Macao combined for a total gross domestic product of approximately RMB 10.49 trillion in 2016, accounting for 14% of China's total GDP. This is comparable to the world's tenth largest economy – Canada. The total population of the three places is close to 120 million, almost the same size as the world's tenth most populous country – Japan. In this regard, Guangdong, Hong Kong and Macao together can almost be perceived as a country in terms of its total economic size and population. In essence, what are the characteristics of the GBA economy? What are some differences in the cities' industrial developments? Despite the many challenges involved, how should Hong Kong interact with other cities?
Mr G. Bin Zhao, Senior Economist at PwC China, and Ms Catherine Tsang, Tax Partner at PwC China Tax and Business Advisory Division will discuss with members on 20 October. Mr Zhao will brief members on the latest GBA development, as well as business opportunities and economic implications brought by relevant policies. Ms Tsang will talk about some preferential tax policies in the Guangdong Pilot Free Trade Zone and effective taxation arrangements within the GBA.