GBA Reports

Bridging the Gap to the GBA

Members travel via new bridge to Zhuhai to see city’s industrial development

GBA Survey Reveals Confidence

Chamber’s Working Group finds optimism about business opportunities in Greater Bay Area

Navigating the Greater Bay Area

Business executives are strongly confident in the GBA development, according to the latest survey conducted by HKGCC, KPMG China and HSBC.

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

Delegation to Foshan

Members took advantage of the faster travelling time to the Greater Bay Area provided by the new High Speed Rail link on a Chamber visit to Foshan on 17-18 January. Petrina Tam, Chairman of the China Committee, and Eric Fok, Chairman of the Young Executives Club, led the joint delegation where they met with local leaders and officials to learn about the latest developments in the city and the growing cooperation between Hong Kong and Foshan. The delegates also visited a number of companies, business zones and facilities, including the newly opened GBA International Sports and Cultural Centre, the Foshan High-Tech Industrial Development Zone and Lingnan Tiandi, an old town regeneration project.

The Next Opportunity in the Greater Bay Area

Sam Farrands, Head of Projects at King & Wood Mallesons, shared his insights into the business, economic and social opportunities opening up as a result of the Greater Bay Area (GBA) at a roundtable luncheon on 4 October. With a population of about 68 million, the GBA is set to become one of the top metropolitan areas in the world, rivalling the economic performance of the Tokyo, San Francisco and New York bay areas. Farrands explained that the huge improvement in transport links also means that, within a few years, people will be able to easily travel across the region for leisure and cultural events. This will present opportunities in the development of social infrastructure, particularly in the areas of sports stadiums, museums, event management and other lifestyle facilities and services. Farrands also discussed some of the challenges, such as the different legal, tax and currency systems in Hong Kong, Macao and the Mainland -- which may risk impeding the GBA’s development.

Consider GBA Free Trade Zones for real estate growth

Marcos Chan, Head of Research at  CBRE for Hong Kong, Southern China and Taiwan, gave an overview of the development of the Greater Bay Area and the emerging opportunities for commercial real estate investors, at a roundtable on 21 September. Chan highlighted the free trade zones -- including Nansha, Qianhai and Hengqin -- which he said would be the major suppliers of space for development. The demand for commercial property in Shenzhen’s Qianhai, for example, is ample and there are more than 160,000 registered companies clustered in the area, he told members at the event.

Exploring GBA Opportunities in Zhaoqing and Zengcheng

PC Yu, Chairman of the Chamber’s China Committee, led a 34-member delegation to Zhaoqing and the Zengcheng Qiaomengyuan Overseas Chinese Entrepreneurs Industrial Zone in Guangzhou - both located within the Greater Bay Area - on 24-25 May. Delegates had the opportunity to exchange views during meetings with local leaders and officials on the latest development and cooperation between Hong Kong and Guangdong. The delegation also visited Zhaoqing New District, Chengfu Rehabilitation Project, Seven Star Crags scenic area and the Zhaoqing Hi-tech Development Industrial Zone.
 



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