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The "Greater Bay Area" refers to the Chinese government's scheme to link the cities of Hong Kong, Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing into an integrated economic and business hub.
As city continues to benefit from an increasingly close relationship between China and the Middle East, start-ups need to seize opportunities.
City urged to draw on its “super roles” to raise capital, as well as to connect with and support investors and help the country become a financial powerhouse
But spending is very much about the future, and how well the city fares at achieving its objective will not be clear for a long time.
As the initiative marks its fifth anniversary, its steady achievement underlines the importance of more high-level planning between Hong Kong and the other 10 cities to further drive development.
Relaxing daily cross-border remittance caps will make it easier to purchase homes in the development zone, and thus provide incentive for jobseekers and entrepreneurs to move
Hong Kong will play a key role in Janus Henderson’s Asia expansion plan because the city is a portal to China, while the new investment-migration scheme will create demand for investment products, CEO Ali Dibadj says.
Chan says new or expanded firms, together with 30 companies that made similar moves last year, will invest more than HK$40 billion in the city and create 13,000 jobs.
Fosun Pharma will team up with Shenzhen’s government to raise a 5-billion yuan (US$700 million) healthcare fund to invest in start-ups and innovations in cellular biology, genetics and other fields related to biomedicine.
Just over a quarter of companies in Hong Kong expect to add staff this year, while some 16 per cent expect to cut headcount, KPMG survey shows. Many candidates are eyeing the Greater Bay Area as an alternative.
Financial services and logistics were the hardest-hit sectors in Hong Kong, while manufacturing was the most impacted across Greater China by ransomware.
Guidelines aim to preserve region’s food heritage, but some say they stifle chefs’ creativity, innovation.
Mayor Huang Zhihao says the centre aims to become a ‘digital city’ and forge closer links with Hong Kong and Macau.
Kennels at the Hong Kong-Zhuhai-Macau Bridge’s Hong Kong Port inaugurated as a World Customs Organisation Regional Dog Training Centre.
In his work report, country’s No 2 official also pledges Beijing will support Hong Kong and Macau’s economic growth and improve residents’ livelihood.
Transport and logistics secretary Lam Sai-hung says car park, with 1,000 spaces and plans for 6,000, will attract people from nearby cities to city and airport
The government’s recent adjustments are ‘steps in the right direction’, but further relaxations are needed to revitalise the industry, according to the Asian Securities & Financial Markets Association.
Citigroup will use Hong Kong as a hub to expand its wealth management business in the Greater Bay Area and Asia, which is set to become the fastest-growing region globally, according to global wealth head Andy Sieg.
PolyU chief says 2.5 million population of Northern Metropolis will need a hospital, highlights university’s strengths in healthcare and artificial intelligence.
The city has pulled all stops in its budget with the aim of retaining its status as an international asset and wealth-management centre in the face of intensified competition from Singapore and geopolitical tensions between the US and China.
One key budget initiative is launch of HK$10 billion New Industrialisation Acceleration Scheme.
Hong Kong secretary for innovation Sun Dong tells Economist conference city is a bridge to mainland China and poised to be a major AI hub.
HSBC, Standard Chartered and Hang Seng Bank are rolling out more products tied to the Wealth Management Connect scheme amid a drive by Beijing to boost the Greater Bay Area’s financial markets.
Growing number of elderly Hongkongers opting to live across the border, but concern groups say fundamental differences between local and mainland’s healthcare system still a deterrent.
Policy support measures and post-Covid sports activities have contributed to growth, executives say at an industry summit in Macau attended by Yao Ming and Dwyane Wade.
CBA’s Zhu Fangyu, Meng Duo and Li Qun among the stars on show as their team defeat a side drawn from the Macau Basketball League.
Macau is setting the stage to become a key driver of the Greater Bay Area’s sports sector, as the city looks to tap its tourism strengths and expand its economy beyond the gaming industry, a conference heard.