To encourage and support young people to work and pursue their career in the Mainland cities of the Greater Bay Area ("GBA"), the Cheif Executive announced in the 2020 Policy Address the launch of the Greater Bay Area Youth Employment Scheme ("the Scheme") to encourage enterprises with operation in both Hong Kong and the GBA to recruite and deploy local universary/ tertiary instituation graduates to work in the Mainland cities of the GBA. The Scheme will provide 2,000 places, around 700 of which are designated for innovation and technology (I&T) post. Read More

FAQ

GBA Reports

Opportunities Abound Amid GBA-ASEAN Ties

Hong Kong businesses can tap into the soaring trade and investment links between the Greater Bay Area and Southeast Asia

Chamber Launches GBA Email Service

Helping members connect to learn more about the realities of doing business in the Greater Bay Area

Is GBA Investment Worth the Risk?

Technology firms are coming under pressure but this is also helping speed up innovation and industry diversification in the Greater Bay Area

GBA Development Plan

Outline Development Plan

(18 February 2019)

The promulgation of Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area signifies a new milestone in the development of the Greater Bay Area.

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Framework Agreement

(1 July 2017)

Witnessed by President Xi Jingping,the National Development and Reform Commission and the governments of Guangdong,Hong Kong and Macao signed the Framework Agreement on Deepening Guangdong-Hong Kong-Macao Cooperation in the Development of the Greater Bay Area on 1 July 2017 in Hong Kong.

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Surveys

Do Employers and Employees Approve of the Greater Bay Area Youth Employment Scheme?

Around 80% of participants have found the Greater Bay Area Youth Employment Scheme (GBAYES) to be beneficial, according to a survey of employers and employees.

The scheme aims to encourage businesses with operations in both Hong Kong and the GBA to recruit recent Hong Kong graduates to work in the Mainland GBA cities.

To assess the effectiveness of the Scheme, MWYO in collaboration with HKGCC have launched a longitudinal impact study in four phases, conducting online surveys and in-depth interviews. MWYO released its report for Phase 1 on 22 January, which looks at the views, expectations and difficulties encountered by the employers and employees.

According to the survey, 82% of employers said the scheme had helped them understand the skills of graduates. Among employees, 93% said that participating in GBAYES supported their career development. Challenges reported by employers included HR issues, in particular confusion around tax arrangements.

Two questionnaires were used, one for employers and the other for employees, which were distributed by HKGCC to participating member companies. In-depth interviews were also conducted with 10 employers, to present a more comprehensive analysis.

GBAYES was announced by Chief Executive Carrie Lam in her 2020 Policy Address. HKGCC members are major supporters of the scheme and have provided more than 450 places to local young people.

You can read the report and its recommendations in the links below.

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Greater Bay Area Survey - 2020

For this report, KPMG China, HSBC and HKGCC commissioned YouGov to conduct a survey of 747 business executives in mainland China, Hong Kong and Macau. Almost two thirds (64 percent) of respondents identified as either C-suite or senior management.

The survey was conducted from July to September 2019. Some 496 respondents (66 percent) are from companies whose principal base of operation is in Hong Kong; 13 (2 percent) are from Macau; 57 (8 percent) from Shenzhen; 34 (5 percent) from Guangzhou; 41 (5 percent) from other GBA cities in mainland China; and 106 (14 percent) from outside the GBA in mainland China.
The business executives are from a wide range of industries, including 185 companies from financial services, 98 from professional services, 89 from manufacturing, 85 from trade and logistics, 57 from technology and innovation, 50 from real estate, 32 from healthcare/life sciences, and 32 from retail.

Among the respondents who disclosed the turnover of their companies, 224 work for companies with annual revenues of more than USD 100 million, and 163 work for companies with annual revenues of between USD 10 million and USD 100 million. The rest work for companies with revenues of between USD 2 million and USD 10 million (108) and USD 2 million or less (83).

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Hong Kong     Innovation &
Healthcare

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

Meeting with Guangzhou Tax Bureau

Petrina Tam, Convenor of the GBA Working Group, along with a number of fellow group members, met with representatives from the Guangzhou Tax Bureau on 11 November to discuss the business opportunities in the Greater Bay Area and related Chinese industry and tax issues.

GBA Industry Focus Series: Grasping New Technologies to Enhance Business Connection Within the GBA

The GBA has been leading the way, with innovations flourishing across various sectors such as fintech, proptech, biotech and edutech, as well as evolutionary changes in the healthcare and logistics sectors.

At a seminar on 5 November, a panel of experts -- Allen Tak Bun Yeung, President of Greater Bay Area International Information Technology Association, William Gee, Partner of PwC Mainland China & Hong Kong, Peter Mok, Head of Greater Bay Area of Hong Kong Science and Technology Parks Corporation and Charlie Tang, Business Development Director of China Business, Commercial Group, HKT shared the latest business application of technologies in the GBA, and opportunities for further enhancing the connection between Hong Kong and the other GBA cities. They also shared some of the challenges and opportunities of the new tech-driven future that companies are facing.

GBA Working Group Meeting

Rocky Tung, Director, Head (Policy Research), Financial Services Development Council, shared his insights on the progress of financial services cooperation between Hong Kong and the Mainland, particularly in the Greater Bay Area region, at the GBA Working Group Meeting on 29 September. He also discussed the opportunities and challenges that Hong Kong businesses are facing in the GBA. Christophe Lee, Founder and CEO, Lotus Asset Management, also shared his on-the-ground experience of making use of financial services to expand his business across the GBA.

To support members expand their business in the GBA, Convenor Petrina Tam proposed to set up a GBA Working Group Service Centre with an enquiry hotline to provide consolidated information for members’ reference.

China Committee and GBA Working Group Meeting with Dr Patrick Lau, HKTDC

The GoGBA One-Stop Platform from HKTDC is a new business support programme to help Hong Kong companies access the Greater Bay Area. It includes digital information, business tools, advisory services and training as well as access to promotional and networking activities.

HKTDC’s Deputy Executive Director Patrick Lau visited the Chamber on 29 July along with his colleagues Yvonne So, Director, Corporate Communications and Marketing, and Godfrey Chan Digital Marketing Manager (Corporate). They introduced the GoGBA One-Stop Platform as well as its WeChat mini programme to the Chamber’s China Committee Chairman Eric Fok, GBA Working Group Convenor Petrina Tam and General Committee Deputy Chairman Leland Sun.

The Chamber representatives shared their thoughts on the platform and both sides discussed ways to help the Hong Kong business community access the opportunities in the GBA.



Upcoming Events

Convenor Mrs Petrina Tam
Secretary Ms Wendy Lo
Tel 2823 1232
Email gba@chamber.org.hk
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