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

Attracting Young Talent to the GBA

Motivating youths to work in Mainland cities in the Greater Bay Area is vital to the region’s growth, which will also benefit Hong Kong

Attracting Talent to the GBA: Who is Willing to Move and Why?

For Hong Kong businesses expanding in the Greater Bay Area (GBA), it is vital to attract the right talent to join their operations in the Mainland. However, not everyone in Hong Kong is willing to take up career opportunities across the border.

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

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 Youth Employment Scheme” Impact Study Phase 2 Report

The “Greater Bay Area Youth Employment Scheme” (hereafter the Scheme) was launched by the Government in early 2021. It aims to encourage enterprises with operations in both Hong Kong and the Greater Bay Area (hereafter the GBA) to recruit and deploy local university/ tertiary institution graduates to work in the Mainland cities of the GBA. As of mid-2022, most employees under the Scheme have been working for about nine months.

In order to assess the effectiveness of the Scheme and offer policy recommendations to the Government, MWYO and the Hong Kong General Chamber of Commerce (hereafter, HKGCC) have launched a longitudinal research study in four phases. Online surveys were conducted from September to October 2021 for Phase 1, and from March to April 2022 for Phase 2. HKGCC distributed the questionnaire to the employees through its members for Phase 2. This report focuses on the employees' changes in perception and attitude towards the Scheme and the Mainland cities of the GBA, in order to assess the Scheme's effectiveness.

The Phase 2 Survey received 187 valid responses from the employees for Phase 2. Among those who completed the Phase 2 questionnaire, 123 of them had also done so in Phase 1, which amounts to 88% of the total number of respondents in Phase 1.

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

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. Read More    

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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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

Promoting Mutual Cooperation between Hong Kong and Nansha

Ally Zhang, Director General of the Guangzhou Nansha Promotion Centre of Nansha-Hong Kong-Macao Cooperation, and Stephanie Liu, Deputy Secretary-General of the Consultative Committee on Guangdong-Hong Kong Cooperation (Guangzhou Nansha), called on the Chamber on November 18, where they were received by China Committee Chairman Eric Fok. The topics discussed were enhancing bilateral exchanges and explored possible areas of collaboration.

Fok stressed on closer cooperation in areas of focus such as business, youth and culture, while Zhang expressed the hope that Hong Kong enterprises would visit Nansha to explore its latest development and business opportunities. Both parties said they looked forward to establishing a closer relationship based on exchange and cooperation after the pandemic.

China Committee Meeting_Nansha Role as a Geteway to the GBA

Gregory So, Deputy Committee Director, and Raymond Yip, Hong Kong Chief Representative, Consultative Committee on Guangdong-Hong Kong Co-operation (Guangzhou Nansha) attended the China Committee meeting on 15 July, where they discussed the current policies of the Nansha district in Guangzhou and its role as a gateway to the Greater Bay Area.

At the same meeting, Eric Fok was re-elected as Chairman of the Committee, and SH Chan, Felix Lee and Edmond Yew were re-elected as Vice Chairmen.

Hong Kong Infrastructure Outlook – Unlock the Opportunities in the Metropolis

Major infrastructure development is on the way as part of Hong Kong's Northern Metropolis Development Strategy. At a seminar on 18 May, Marcos Chan, Executive Director and Head of Research for Hong Kong SAR, CBRE, introduced his firm’s latest report on Hong Kong’s infrastructure outlook, and discussed what the development of the city's transport and real estate infrastructure means for investors and businesses in Hong Kong.

The extensive new roads and railways will provide rapid links from Hong Kong to the Mainland, including faster links to the airport.

Chan noted that a significant part of the Northern Metropolis development would be in the logistics and innovation sectors, and said that much of the residential space had been allocated for public housing. He added that the current Harbour Metropolis would remain home to the financial sector, so he did not expect to see an exodus of businesses from the city’s original CBD.

Trade and Investment between GBA and ASEAN and the Roles of Hong Kong

We had useful seminar today on trade and investment between GBA and ASEAN and Hong Kong’s role. Irina Fan, Director of Research at HKTDC, said China’s trade and investment relations with ASEAN had been growing at a remarkable pace over the past two decades, with China surpassing the U.S., E.U. , U.K. and Japan in 2009 to become the region’s largest trading partner. She added that Hong Kong was an important platform for GBA-based businesses expanding into the ASEAN market as Hong Kong was the bloc’s second largest source of FDI, only after the U.S. GBA businesses were drawn to ASEAN by its cost-effectiveness for business, huge consumer market, abundant resources, and attractive government incentives.

Ricky Ng, Head of Wholesale Banking at UOB Hong Kong, said each ASEAN market had its own charm. Indonesia and Vietnam, for example, were great destinations for manufacturing as costs were relatively low. He pointed out that internet access, advanced manufacturing, and sustainable city solutions were the region’s most promising emerging opportunities, and projected a potential boost of US$1 trillion to the region’s economy by 2025. He added Hong Kong was an ideal stepping stone for Chinese enterprises entering ASEAN, as it possessed a state-of-the-art professional services sector, offered lower costs of financing and more flexible cash flows.

Also speaking at the event, Eva Tsang, Executive Director at Opal Cosmetics (Hong Kong) Limited, shared her experience expanding her company’s personal care and beauty products to the ASEAN market. She suggested that the first thing members should pay attention to when entering the market was to find a reliable partner and take good care of trademark registration and taxation. She also recommended companies make sure they take into consideration local needs, such as getting Halal Certification so that their products are permissible under Islamic law. 

Thanks also go to the Chamber’s GBA Working Group Convenor Petrina Tam and Asia & Africa Committee Chairman Jonathan Lamport for moderating the event.



Upcoming Events

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