GBA Reports

HIGH-LEVEL MISSION TO GUANGDONG

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.

Smoothing the Path to Guangdong for Business

Visit to Guangzhou and Shenzhen showed Chamber delegation the latest GBA developments

Mission to Guangdong

High-level delegation hears about the latest GBA developments from senior officials during visit to Shenzhen and Guangzhou

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

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.

Thrive together

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.
 



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