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

GBA Prospects for Graduates

Panel of experts introduced students to the career paths available and how they can make the most of the opportunities

Bright Prospects for Hong Kong’s Youth

GBAYES programme creates wide range of career opportunities for graduates in the Greater Bay Area

Get Prepared Before Buying GBA Property

Investors should be aware of the legal procedures and possible risks when purchasing property 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

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

Exploring GBA Cities Series: GBA Growth Potential in Foshan and Huizhou

The latest industrial upgrading in Foshan and Huizhou shows how the Greater Bay Area initiative is helping each of the 11 GBA cities to focus on and develop their particular strengths. 

At a Chamber seminar on 22 July, Cynthia Lam, Director, China Tax and Business Advisory at PwC China, introduced the latest developments in Foshan and Huizhou. Roger Yeung, Vice President of Sales, BIEL Crystal Manufactory; Benny Wong, Chairman and Executive Director, Nameson Holdings; and Victor Lam, General Manager, Forward Winsome Industries, joined the panel discussion to share their insights on the business opportunities as well as their experiences operating in the GBA.

The speakers said that upgrading businesses to adapt to market changes was essential to success. They also advised members to consider the needs, land supply, transportation and preferential policies of each city when deciding where to expand into the GBA.

GBA Working Group Meeting

David Chung, Undersecretary for Innovation and Technology, updated members about the progress of the Hong Kong-Shenzhen Innovation and Technology Park in the Loop at the GBA Working Group Meeting on 16 July. The election of GBA Working Group leadership also took place at the meeting. Petrina Tam was elected group convenor, taking over from PC Yu, who retired from the convenor after serving the group for three years.

Exploring GBA Cities Series: Growth Potential of the Western GBA

Development of the Greater Bay Area’s western cities has a heavy emphasis on technology-intensive manufacturing, and their combined industrial value-added currently accounts for one-third of that of the entire GBA.

At a Chamber webinar on 22 June, Catherine Tsang, Partner, China Tax and Business Advisory Services, PwC China, introduced the latest trends in the western GBA. William Ling, Senior Vice President, Goldpac Group; Ivan Wong, Executive Director, Kum Shing Holdings; and Milford Choi, VP-Business Development Hongrita Plastics; also joined the panel to share their insights on the business opportunities as well as the local policies to support investment in each of the cities.

Exploring GBA Cities Series: "Are You Ready to Invest in the Next Mega-city Region – GBA?"

The Greater Bay Area initiative is driving new property developments across the region and creating opportunities for Hong Kong investors interested in the GBA's growing real estate sector.

At a webinar on 17 May, Fay Wu, Head of Research, China at JLL, gave an overview of the property market trends in the GBA. She explained that a coherent and hierarchical growth pattern had emerged with Shenzhen as the primary node, and Guangzhou and Hong Kong as important growth engines. The transportation network within the region also led to collaboration and innovation.

Dr Dennis Tang, Registered Foreign Lawyer (China) at ONC Lawyers, discussed the issues to be considered when purchasing property in the region. He recommended members to buy properties from reputable developers, to focus on the property itself and conduct a thorough due diligence check before entering into any agreements.



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Enquiries

Ms Wendy Lo
Tel: (852) 2823 1232
Email: wendylo@chamber.org.hk
Over the years, we have helped businesses overcome adversity and thrive locally, in Mainland China and internationally.

If you want to take advantage of our network,insights and services, contact us today.

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