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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.
City still has a lot of advantages despite new regulations that will allow the tropical island to attract domestic and international visitors as well as businesspeople.
- Flex space provider IWG says it is adding locations rapidly in the Greater Bay Area as property owners seek to capitalise on the trend
- IWG works with Hysan Development, and major landlords Hongkong Land and Swire Properties also have their fingers in the co-working pie
The FinTech Association of Hong Kong and the Shenzhen FinTech Association have started working together for the first time as GBA opportunities loom.
The new branch in Shenzhen is one of the first Hong Kong projects in the Hetao zone, which will take the lead in serving hi-tech companies, as the two cities work on building a global hub.
New World Development sold more than 10 billion yuan (US$1.37 billion) worth of residential projects in mainland China in the first eight months of the year, the company said in a statement on Monday.
Country Garden warns of hefty first-half loss amid multiple challenges, including deterioration in sales and tough financing environment.
A slowdown in public markets has hurt demand for office leasing in Hong Kong, but a turnaround in deal activity with a boost from blockbuster listings could improve the prospects for the second half of the year, according to real estate firm Savills.
Hong Kong residents with family members holding residence permits in Shenzhen are eligible for the first time for government-subsidised housing after authorities relaxed rules to help low-income families get on the property ladder.
The Indian market has proved to be a bright spot for the firm, thanks to two blockbuster deals this year worth US$1.38 and US$1.87 billion involving the sprawling Adani Group. Jefferies is ‘long-term bullish’ on China.
Legislators point to automated model which cuts out second identity card check regularly required at crossings with mainland China.
Saudi Arabia’s top diplomat in southern China says the Greater Bay Area will be ‘the future of Asia’, but first some problems must be tackled in the economic and business hub.
Hong Kong firms are well-placed to take advantage of opportunities given the crisis facing their mainland rivals, but the economic situation warrants caution, analysts say.
Without solid plans, investors are wary of taking first steps even though they are generally supportive of the ambitious 627-hectare San Tin Technopole project in the northern New Territories, consultancy says.
Finance is the top career choice for graduates globally including Hong Kong, as they believe the sector offers better pay and growth prospects, according to a CFA Institute survey.
The British insurer’s foray into the Macau market completes its presence in all 11 cities in the Greater Bay Area.
Investors are keen to tap into opportunities offered by artificial intelligence start-ups in Hong Kong and the Greater Bay Area, as the technology is increasingly adopted by various industries, observers say.
The sector must boost training for new and existing employees to meet present and future challenges, says Arthur Yuen, deputy head of the Hong Kong Monetary Authority.
Authorities in the Greater Bay Area are discussing an expanded Wealth Management Connect scheme that will allow investors to buy global equity products as well as increase their individual quotas, the HKMA chief says.
Investing in overseas property can be fraught with problems, so buyers will do well to pay a great deal of attention to the finer details, as recouping their investments can prove insurmountable, experts say.
As the city strives to achieve carbon neutrality by 2050, Paul Chan believes it is ‘well positioned to be a leader in Asia for green finance and technology.’
Shenzhen, the home of electric vehicle manufacturer BYD, tech giant Huawei Technologies, internet services firm Tencent and drone maker DJI, reported higher economic growth than Shanghai and Beijing in the first quarter.
The joint report by the HKTDC and Link Asset Management identified four areas of growth for Hong Kong green real estate firms, including climate risk assessment and green financing.
‘Digital infrastructure, such as cloud AI computing, is the scientific research foundation for building Hong Kong into a technological innovation hub,’ Huawei’s William Xu said.
Hong Kong-based companies like Tutor Circle are resorting to remote hires after exhausting recruitment search in the city. Recruitment firms say clients are now open to the idea of hiring staff from Southeast Asia.
‘Holistic offerings’ aim to attract global family offices and asset owners, says Secretary for Financial Services and the Treasury Christopher Hui Ching-yu.
Hong Kong companies have reason to be optimistic about the return of Greater Bay Area’s (GBA) affluent tourists, but McKinsey & Company cautions that the city no longer is the no-brainer shopping destination, as Hainan and “daigou” become increasingly popular.
