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Greater Bay Area: Business, Property & Tech

Greater Bay Area: Business, Property & Tech
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.
Illustration by Henry Wong
Greater Bay Area

Greater Bay Area hospitals bet resort-like services will pull in global visitors

As Macau diversifies beyond gaming, wellness clinics are emerging as the next big pillar of the Greater Bay Area’s economy.

Wealth management

Hong Kong stands as key beneficiary of China’s continued opening up efforts

China technology

South China’s Greater Bay Area boasts world’s largest innovation cluster

Hong Kong economy

Opinion | Hong Kong must ensure it’s in the engine room financing future tech

Only with purposeful planning and coordinated policies can Hong Kong’s capital markets act as levers for innovation.

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Hong Kong’s stock exchange marked its busiest day of the year on July 9, when five companies made their debuts: semiconductor chip designer Fortior Technology, Lens Technology, Wuhan Dazhong Dental Medical, robotic logistics firm Beijing Geekplus and Beijing Xunzhong Communication. Photo: Aileen Chuang
Artificial intelligence

Hong Kong’s financial centre status gives it an edge in AI market, experts say

SenseTime chief financial officer Wang Zheng says ‘having easy access to capital is extremely important’ for AI companies.

Insurance

Hong Kong’s insurance market may balloon 55% as Greater Bay Area ages

Gross insurance premium in the city may jump to US$127 billion by 2032, Manulife Financial’s Asia president says.

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SCMP Business Awards

Nominations open for SCMP Live’s new 2025 Business Awards

Nominations open today until September 30 in seven categories.

A crossroad in Central on May 17, 2024. Photo: Yik Yeung-man.
Science

Neurobiologist Wang Jing leaves US to lead institute at China’s Shenzhen Bay Lab

Wang leaves University of California San Diego after 20 years to become director of the laboratory’s Institute of Molecular Physiology.

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IPO

Investors lap up soy sauce maker Haitian’s stock in Hong Kong debut

Company exercises an upsize option as its US$1.3 billion listing bolsters the city as the top global IPO venue.

China property

The future of retirement for wealthy Hongkongers could be this Zhuhai community

HN Group’s Serensia Woods, a 135,000-square-metre retirement community, is catering to Hong Kong’s ageing population with flats starting at HK$10 million.

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Serensia Woods, a 13,500-square-metre retirement community in Zhuhai’s Hengqin island, includes a 133-room hotel, four residential towers, four wellness centre towers and a spa centre. Photo: Handout
Mainland China

Editorial | Nansha gives bay area tech innovation boost

Guangzhou district will become a pilot zone for high finance and fintech, linking the development zone with global financial markets.

Nansha Free Trade Zone in Guangzhou, China. Photo: Shutterstock
Insurance

Hong Kong insurers extend Greater Bay Area medical coverage

BOC Life, FWD, Prudential unveil plans as firms see opportunities in ‘silver’ economy and cross-border retirement trend.

Hong Kong property

Hong Kong’s largest flex-office provider seeks deals with landlords

Partnering with International Workplace Group ‘makes a lot of sense to tap into growing demand for hybrid working’, CEO says.

Greater Bay Area

Hong Kong supporting European business collaboration surge in Qianhai

Escalating US-China trade war has resulted in European business chambers seeking out opportunities in the Greater Bay Area.

Qianhai, a special economic zone in Shenzhen near Hong Kong, has seen a surge of European business chambers seeking collaboration due to the growing tensions of the US-China trade war. Photo: Edmond So
Greater Bay Area

Macau’s most opulent lodging, The 13 Hotel and Casino, up for sale again

The 22-storey luxury property in Macau’s Coloane district was estimated last year to be worth US$309 million.

The striking red facade of The 13 Hotel and Casino. Photo: Handout
Two Sessions 2025

Editorial | Opportunities knock for Hong Kong with role in national development

City’s unique strengths mean it can take lead on international cooperation and exchanges while also benefiting from Beijing’s economic moves.

Hong Kong housing

Editorial | Hong Kong website helps hunt for property in Greater Bay Area

A solution for house hunting headaches in Greater Bay Area is sign of closer collaboration between Hong Kong and Guangdong province.

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Consumer protection in Hong Kong

Hong Kong’s consumer watchdog launches Greater Bay Area property portal

New website offers buyers and renters one-stop platform with up-to-date information, Consumer Council says.

The Shenzhen skyline. Hong Kong’s consumer watchdog has launched a new portal for property in 11 Greater Bay Area cities. Photo: Dickson Lee
Banking & finance

HSBC unveils 25-storey tower in Qianhai to drive cross-border collaboration

The bank says it sees ‘huge potential for economic and trade cooperation between Guangdong and Hong Kong’.

Bonds

Hong Kong and Macau link bond systems to create larger market

Four new bond issuances worth 3.2 billion patacas (US$401 million), plus 18 secondary-market transactions, settled on first day of linkage.

China property

More foreign property investors are likely to sell Greater Bay Area assets

Analysts attributed the expected sales to escalating geopolitical tensions and lower investment yields.

A China Vanke project in Nanjing. Photo: AFP
Macau

Wynn looks to Vegas to help revamp Macau’s US$28 billion casino economy

Macau seeks to source 60 per cent of its revenues from non-gaming sectors by 2028, from 20 per cent at present.

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Wynn Macau president and vice chairwoman Linda Chen and non executive chairman Allan Zeman. Illustration by Henry Wong
Hong Kong economy

Hong Kong’s Paul Chan meets Asean chief to promote city’s links with bloc

Finance chief ends visit to Indonesia, as survey of 600 Greater Bay Area companies finds strength of city’s connectivity with bloc has risen.

IPO

Hong Kong makes overture to Indonesian companies to raise capital

Companies in Southeast Asia’s most populous nation should find Hong Kong’s capital market an ‘attractive and advantageous’ place for raising funds, Paul Chan said.

Hong Kong property

Hong Kong developer cuts prices in Shau Kei Wan project amid oversupply

New price list takes average price in the district to the lowest level since September 2016 for primary launches: Midland Realty data.

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Oria, a 23-storey residential project in Shau Kei Wan developed by Hip Shing Hong (Holdings). Photo: Handout
Hong Kong economy

Opinion | Weakest link in Hong Kong’s tech ecosystem? Scale-up funding

With venture capital and IPO growth weak globally, start-ups should aggressively seek international commercialisation, leverage marketing strategies and connect with power players overseas.

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The absence of a robust series of funding escalators – from Series A to C, leading to trade sales or IPOs – risks producing numerous start-ups with innovative ideas but lacking commercially viable products. Photo: Shutterstock
Wealth management

Mainland Chinese investors unimpressed with Wealth Management Connect expansion

Restrictive marketing rules and stringent eligibility requirements will continue to deter wealthy Chinese from the scheme, analysts say.

Amazon

Amazon invites Chinese sellers to new bargain marketplace Haul

The US e-commerce giant is aggressively promoting its new budget-shopping platform this holiday season to take on Temu and Shein.

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