https://www.scmp.com/rss/327142/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com When the pandemic is finally behind us, Hong Kong will return, with its regional neighbours, to the Greater Bay Area project. It used to be a hot topic of discussion among academics and policymakers before Hong Kong was effectively shut out by pandemic border controls. However, there is little doubt that the Greater Bay Area remains a key part of Hong Kong’s long-term development. As a project of regional economic integration, its success will ultimately be determined by the free exchange of... https://www.scmp.com/comment/opinion/hong-kong/article/3177370/hong-kongs-denial-dependent-visas-mainland-spouses-sends?utm_source=rss_feed https://www.scmp.com/comment/opinion/hong-kong/article/3177370/hong-kongs-denial-dependent-visas-mainland-spouses-sends?utm_source=rss_feed Fri, 13 May 2022 22:45:14 +0000 Buyers from Hong Kong are expected to recharge demand for homes in the Greater Bay Area as cheaper loans and seamless cross-border remittances added to the appeal of working and living in the region. Industrial and Commercial Bank of China (Asia), the local unit of China’s biggest lender by assets, said demand from local buyers for mortgage financing of Bay area homes surged last quarter as the economies in mainland and Hong Kong showed signs of recovery following forecasts for annual growth in... https://www.scmp.com/business/article/3130428/greater-bay-area-hongkongers-seen-boosting-demand-homes-banks-dangle?utm_source=rss_feed https://www.scmp.com/business/article/3130428/greater-bay-area-hongkongers-seen-boosting-demand-homes-banks-dangle?utm_source=rss_feed Wed, 21 Apr 2021 07:04:48 +0000 Shenzhen was nothing more than a fishing village four decades ago, before China carved out its first special economic zone to experiment with market capitalism. Well-heeled people from neighbouring Hong Kong flocked across the border for holidays, or to buy a second home for a fraction of what it would cost at home. Things look rather different now. Shenzhen’s economy has grown bigger than Hong Kong’s, and it is now home to several of China’s largest companies such as the US$700 billion games... https://www.scmp.com/business/china-business/article/3129077/shenzhen-property-how-home-prices-chinese-tech-hub-compare?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3129077/shenzhen-property-how-home-prices-chinese-tech-hub-compare?utm_source=rss_feed Sun, 11 Apr 2021 01:56:29 +0000 Two new financial markets are taking shape on the drawing boards in southern China, with the potential to turbocharge the Greater Bay Area (GBA)’s economic growth engine. This is the making of Asia’s largest and peerless capital market. A carbon futures exchange is due for commencement this year in Guangzhou, augmenting the brisk transactions of emission certificates that had been ongoing in the Guangdong provincial capital since 2013. Across the Pearl River in the special administrative region... https://www.scmp.com/business/banking-finance/article/3090756/exchanges-take-shape-macau-guangzhou-turbocharge-southern?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3090756/exchanges-take-shape-macau-guangzhou-turbocharge-southern?utm_source=rss_feed Fri, 26 Jun 2020 22:32:05 +0000 Quality HealthCare Medical Services’ centre in downtown Guangzhou is like any other privately run facility. Patients coming in and out of doctors’ offices, busy nurses and pharmacists carefully checking medical prescriptions before handing out the drugs. But there’s something else that sets the Hong Kong-based operator of multi-specialty medical centres apart. In January, it became the first foreign-owned facility in the Greater Bay Area to qualify for direct reimbursement by mainland China’s... https://www.scmp.com/business/companies/article/3089800/chinas-aim-integrate-greater-bay-area-comes-together-hong-kong?utm_source=rss_feed https://www.scmp.com/business/companies/article/3089800/chinas-aim-integrate-greater-bay-area-comes-together-hong-kong?utm_source=rss_feed Sat, 20 Jun 2020 04:01:20 +0000 Shenzhen, home to several Chinese technology giants, is also the birthplace of most of the fastest-growing companies in the Greater Bay Area, befitting the city’s reputation as China’s Silicon Valley. The southern Chinese metropolis had 30, or nearly 38 per cent, of the 80 fastest-growing companies in the bay area (GBA) between 2015 and 2018, according to the inaugural SCMP-Statista Growth Champions of the Greater Bay Area 2020 survey. Hong Kong, the home base for the five fastest-growing... https://www.scmp.com/business/companies/article/3041644/shenzhen-boasts-most-growth-champions-scmp-statistas-survey-80?utm_source=rss_feed https://www.scmp.com/business/companies/article/3041644/shenzhen-boasts-most-growth-champions-scmp-statistas-survey-80?utm_source=rss_feed Wed, 11 Dec 2019 23:15:11 +0000 Hong Kong could take a lead role in southern China’s Greater Bay Area (GBA) initiative by pursuing the development of innovation and technology industries, and emerge as the region’s “Silicon Valley”, says Jane Cheng, head of the Association of Chartered Certified Accountants (Acca), Hong Kong. Cheng says the Hong Kong government must act to ensure the city optimises its role in the GBA, a proposed joint economic cluster of 11 cities in southern China, including Macau. “Hong Kong should work to... https://www.scmp.com/special-reports/business/topics/special-report-greater-bay-area/article/2147720/will-hong-kong-be?utm_source=rss_feed https://www.scmp.com/special-reports/business/topics/special-report-greater-bay-area/article/2147720/will-hong-kong-be?utm_source=rss_feed Mon, 28 May 2018 02:01:47 +0000 The Greater Bay Area (GBA) has become a buzzword for governments and corporations, but there remains doubt about how it will materialise. King & Wood Mallesons says the area’s GDP will exceed US$4.6 trillion by 2030. In the works is the development of a new “Silicon Valley”, combined with the growth of sports, cultural and convention centres meeting increasing mainland Chinese tourism figures and population demand. Some practical difficulties arise in the new GBA, however. At its heart stands a... https://www.scmp.com/special-reports/business/topics/special-report-greater-bay-area/article/2147716/can-chinas-greater?utm_source=rss_feed https://www.scmp.com/special-reports/business/topics/special-report-greater-bay-area/article/2147716/can-chinas-greater?utm_source=rss_feed Mon, 28 May 2018 01:47:59 +0000 Hong Kong will need to play up its role as a reliable legal hub in the mainland’s Greater Bay Area (GBA) economic zone. Paul Teo, head of Baker McKenzie’s arbitration practice for Greater China, says the legal aspects of the pact will face a number of challenges given the different systems being employed in Hong Kong, Macau and the GBA’s nine mainland cities. “With the rapid growth and increasing sophistication of business activity being conducted on the mainland, including in particular, the... https://www.scmp.com/special-reports/business/topics/special-report-greater-bay-area/article/2147328/chinas-greater-bay?utm_source=rss_feed https://www.scmp.com/special-reports/business/topics/special-report-greater-bay-area/article/2147328/chinas-greater-bay?utm_source=rss_feed Mon, 28 May 2018 01:47:57 +0000 Peter Sabine Peter Sabine High rents, greater connectivity and lack of space are driving the co-living trend in mainland China and Hong Kong. This is where residents pay for room space and then share a variety of communal facilities and amenities such as Wi-fi. Often tied in with co-working spaces, the co-living facilities are sold as a tech-entrepreneurial community space, which critics have derided as subdivided housing in fancy dress. “For those locked out of the residential market, the emergence of the co-living... https://www.scmp.com/special-reports/business/topics/special-report-greater-bay-area/article/2147714/millennials-avoid?utm_source=rss_feed https://www.scmp.com/special-reports/business/topics/special-report-greater-bay-area/article/2147714/millennials-avoid?utm_source=rss_feed Mon, 28 May 2018 01:31:15 +0000 The Greater Bay Area could soon be a tourism boost for its member cities. Last December, the 11 tourism authorities within the GBA formalised their collaboration by establishing the Tourism Federation of Cities in Guangdong, Hong Kong and Macau Bay Area. The area’s potential as a world-class tourism and leisure precinct is expected to create more attractions, and more incentives to stay and play. Visitors could fly in to either Hong Kong or Shenzhen airports, and be within a one-hour commute of... https://www.scmp.com/special-reports/business/topics/special-report-greater-bay-area/article/2147713/hong-kong-heart?utm_source=rss_feed https://www.scmp.com/special-reports/business/topics/special-report-greater-bay-area/article/2147713/hong-kong-heart?utm_source=rss_feed Mon, 28 May 2018 01:17:35 +0000 The road to workplace mobility helped by economic cooperation in the Greater Bay Area (GBA) opens up exciting opportunities for career progression, according to Dean Stallard, managing director of Hays Hong Kong and south China. Hong Kong’s status as an international financial centre and offshore renminbi hub is already driving demand for financial services across the border, where local authorities say they hope to attract 650,000 professionals to work in Qianhai, Shenzhen, alone. In addition... https://www.scmp.com/special-reports/business/topics/special-report-greater-bay-area/article/2147709/greater-bay-area?utm_source=rss_feed https://www.scmp.com/special-reports/business/topics/special-report-greater-bay-area/article/2147709/greater-bay-area?utm_source=rss_feed Mon, 28 May 2018 01:17:33 +0000 With the Hong Kong and Beijing governments putting their muscle behind the Greater Bay Area (GBA) initiative, there is every reason to believe the region can create a global economic powerhouse. The area includes some of China’s most dynamic cities, with abundant expertise in trade, manufacturing, services, and hi-tech innovation. But if their clients are to capitalise on the opportunities, leading banks and financial institutions must ensure the requisite services, infrastructure and personnel... https://www.scmp.com/special-reports/business/topics/special-report-greater-bay-area/article/2147708/greater-bay-area?utm_source=rss_feed https://www.scmp.com/special-reports/business/topics/special-report-greater-bay-area/article/2147708/greater-bay-area?utm_source=rss_feed Mon, 28 May 2018 01:03:50 +0000 Hengqin island in Zhuhai is being transformed into an entertainment hub, pegged to be the Orlando of China, as part of the Greater Bay Area development project in the Pearl River Delta, and set to rival other progressive bay areas such as San Francisco and Tokyo. One of the main tourist attractions on Hengqin is Lai Sun Group’s Novotown, an integrated tourism and entertainment project. Phase one has been completed, and features two indoor attractions – Lionsgate Entertainment World, with... https://www.scmp.com/special-reports/business/topics/special-report-greater-bay-area/article/2147707/lai-sun-groups?utm_source=rss_feed https://www.scmp.com/special-reports/business/topics/special-report-greater-bay-area/article/2147707/lai-sun-groups?utm_source=rss_feed Mon, 28 May 2018 01:03:48 +0000