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.

Four major Hong Kong insurers including the local units of Ping An and China Taiping plan to introduce a new ‘one-stop’ motor insurance policy covering the city and Greater Bay Area as they expect cross-border traffic to surge under a forthcoming easing of travel quotas.

Financial Secretary Paul Chan tells Post forum that city will remain ‘financial market [where] the Western countries have a substantial stake’.

Guangdong and Zhejiang provinces both predict their economic growths will be ‘above 5 per cent’ this year after falling well short of last year’s GDP targets amid China’s restrictive zero-Covid policy.

Sources say John Lee is also expected to meet incoming state leaders such as Li Qiang, who will succeed Li Keqiang as premier.

Hainan wants to create an ‘outer island circle’ to shorten travel between the island and the Greater Bay Area. New transport links could include a cross-sea tunnel and greater connectivity through an airport upgrade.

Financial Secretary Paul Chan also confident high-powered banking summit will be held successfully next month.

Hong Kong is working with mainland Chinese authorities to enhance the one-year-old Wealth Management Connect scheme, the Hong Kong Monetary Authority’s CEO said on Friday.

Hong Kong’s ample capital, talent pool and links to the Greater Bay Area make it a great place for fintech businesses despite current challenges, Neil Tan, the new chairman of the FTAHK, tells the Post.

Hengqin will provide a cash reward of up to 50 million yuan (US$7.2 million) for each listed firm that moves to the island.

Financial Secretary Paul Chan tells forum that blueprint will map out direction for I&T growth for next five to 10 years.

Hong Kong’s role in the Greater Bay Area means it will win out over Singapore in attracting capital and talent, according to the bourse operator’s chairwoman.

Deng Zhonghua, former deputy director of the State Council’s Hong Kong and Macau Affairs Office, says city should bank on its unique advantages.

The real estate industry sector needs to coordinate on climate change-related risk mitigation or face disaster, according to a new report by the Urban Land Institute.

The region is well positioned to play a crucial role in China’s green transitions in both finance and industrial development, according to international speakers at TusPark’s 2022 GBA Summit.

Swire plans to bring its Taikoo Li and Taikoo Hui mixed-use projects to Shenzhen. It recently signed an agreement with the Futian district government to develop a retail-led commercial project.

After Phoenix TV quoted Weibo comments, a whole crowd turned up complaining to city leader about landfill stench.

Hong Kong and Shenzhen have announced 18 measures for financial firms to set up in Qianhai, as the two cities seek closer collaboration in drawing venture capital to the special economic zone.

Hong Kong’s strength lies in its ‘free, open and competitive environment’ that allows easy exchanges with the international community, says South Korean consul general Baek Yong-chun.

Fintech executives in Hong Kong are concerned about the city’s competitiveness as an industry hub, according to a survey conducted by Google and financial consultancy Quinlan & Associates.

Operators of subsidised care homes in Hong Kong could be allowed to run new ones in Greater Bay Area, welfare minister Chris Sun says.

The Guangdong-Hong Kong-Macau Greater Bay Area is well positioned to lead carbon reduction efforts in China as pilot carbon-trading exchange thrives, experts say.

Authorities in Hong Kong and mainland China should consider launching a pilot “capital connect” to allow for the freer flow of capital within the Greater Bay Area, former Hong Kong central banker Norman Chan Tak-lam says.

The city has seen a brain drain in recent years and this is a huge challenge, according to Lee.

Hongkongers’ demand for homes in the Greater Bay Area slumped by as much as 80 per cent in the first half, according to Andy Lee, CEO of Centaline China.

Different sets of rules made it more difficult to receive green light for innovative products, according to Professor Samuel Au.