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
Unlocking New Horizons in the Greater Bay Area
The Chamber’s recent Greater Bay Area Seminar highlighted the region’s immense growth potential, drawing over 100 participants eager to explore new opportunities

A Bridge to GBA Cities
The China Committee’s latest mission leveraged the Shenzhen-Zhongshan Bridge to explore business opportunities in Shenzhen, Zhongshan and Jiangmen

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 4 Report)

In 2021, the HKSAR Government (hereafter the Government) launched the “Greater Bay Area Youth Employment Scheme” (hereafter the Scheme) 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. The Government announced the regularisation of the Scheme in the 2022 Policy Address and its details on 1st March 2023. As of early 2023, all employees should have completed the pilot Scheme.

To assess the effectiveness of the Scheme, MWYO and the Hong Kong General Chamber of Commerce (hereafter HKGCC) launched a longitudinal research study in four phases in September 2021. This is the report of phase 4 of the study which was conducted in May 2023.

The survey findings were based on 72 employees who had returned the phase 4 questionnaire. The number of respondents was estimated to be 12.7% of the total number of employees who successfully completed the Scheme.

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Greater Bay Area Youth Employment Scheme Impact Study (Phase 3 Report)

The “Greater Bay Area Youth Employment Scheme” (“The Scheme”) was launched by the HKSAR Government in early 2021 to encourage enterprises with operations in both Hong Kong and the Greater Bay Area (“The GBA”) to recruit and deploy local university / tertiary institution graduates to work in the Mainland cities of the GBA. The Government announced the regularisation of the Scheme in the 2022 Policy Address, and its details on 1st March 2023. As of late 2022 and early 2023, the employees were nearing the completion of the pilot Scheme. To assess the effectiveness of the Scheme, MWYO launched a longitudinal research study in four phases.

Online surveys were conducted from November to December 2022 for Phase 3. The Hong Kong General Chamber of Commerce (“HKGCC”) distributed the online employer questionnaire to its members and its members distributed the employee online questionnaire to their employees. Also, HKGCC arranged in-depth interviews with the employers. We received responses from 88 employees and 28 employers. The number of employee responses is estimated to be 13% of all employees hired and still working under the Scheme (around 700). The survey findings were based on 70 employees who had returned the questionnaires both in Phase 2 and Phase 3, and 13 employers who reported that they had hired successfully under the Scheme

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“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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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
Deputy Director of the Investment Promotion Bureau, Taishan City visited the Chamber

Li Ming, Deputy Director of the Investment Promotion Bureau, Taishan City, visited the Chamber on 28 August.

Li outlined Taishan City’s advantages in a meeting with China Committee Chairman Felix Lee. With a GDP of 54.74 billion and a total area of 3,308 sq km, it is the only city in the Greater Bay Area offering large-scale land supply.

The Daguang Bay Economic Zone, an important platform that allows Jiangmen to participate in the development of the GBA, is listed as an essential development platform for cooperation between Guangdong, Hong Kong and Macao after Qianhai, Hengqin, Nansha and Hetao.

A Bridge to GBA Cities

A 35-member delegation led by China Committee Chairman Felix Lee and GBA Working Group Convenor Petrina Tam visited Shenzhen, Zhongshan and Jiangmen on 18-19 July to explore business opportunities in the cities along the Shenzhen-Zhongshan Bridge.

Liang Yaobin, Secretary of the Committee of Jinwan District, Zhuhai, visited

Liang Yaobin, Secretary of the Committee of Jinwan District, Zhuhai, visited the Chamber on 9 May. In a meeting with GBA Working Group Convenor Petrina Tam and Felix Lee, China Committee Vice Chairman, Liang explained the District’s economic and trade policies and invited Hong Kong enterprises to develop their business there.

Meeting with Mayor of Zhuhai

It was a pleasure to welcome Huang Zhihao, Deputy Secretary of the CPC Zhuhai Municipal Committee and Mayor of Zhuhai, to the Chamber on 7 May.

In a meeting with then Deputy Chairman Agnes Chan, HKGCC LegCo Representative Jeffrey Lam, China Committee Vice Chairman Felix Lee and members, Huang said the Zhuhai government was committed to accelerating the construction of industry 5.0 projects – including building low-cost, high-quality and large-scale factories over 10 million sq m to promote business development.

Zhuhai, which is set to become a medical services hub by 2025, is also constructing a dedicated street for Chinese medicine, which is expected to open in the second half of the year. The two sides also discussed trends in finance, healthcare, education, environmental protection and energy, as well as expanding cooperation between the two cities.



Upcoming Events
Convenor Mrs Petrina Tam
Secretary Ms Wendy Lo
Tel 2823 1232
Email [email protected]
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