Topic

Greater Bay Areai

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.

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Fast-changing Saudi Arabia is eager for foreign capital, including from Hong Kong. The city should now reach out to its citizens in the Middle East who have the connections and know-how to build trust and spur investments.

  • Hang Seng Qianhai Fund Management is increasing ‘not only the categories of our products, but also the types of strategies’, general manager says
  • The scale of the two funds is expected to be more than 600 million yuan (US$84.3 million) in total
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Futian district is offering semiconductor companies up to 60 per cent off of rent and research and development subsidies in China’s pursuit of chip self-sufficiency.

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A development in Foshan offers two-bedroom units to Hong Kong buyers for as little as US$124,000 amid growing cross-border Traffic on the high-speed railway from West Kowloon.

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HSBC, Hong Kong’s biggest lender, will upsize its lending scheme tailored for start-ups to US$3 billion as it expands its support to technology and new economy companies in the Greater Bay Area after surfeit of deposits from clients of its newly acquired tech-focused banking unit.

Hengqin, Nansha, and Qianhai, three special economic zones in the Greater Bay Area, are accelerating their roll-out of preferential tax systems, legal frameworks and streamlined application procedures to encourage more foreign funds to invest, a conference heard.

Micro Connect, an investment platform co-founded by Charles Li, the former boss of Hong Kong’s stock exchange is helping China’s small businesses raise funds from foreign capital. Here’s how it works.

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The demand for accounting professionals in mainland China has been steadily rising over the past few years, and is only expected to increase with the development of the Greater Bay Area, say industry experts.

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The number of arbitration cases handled in Hong Kong reached 344 last year, an increase of 24 per cent from 2021. The city ranked third worldwide as the most preferred location for resolving disputes after London and Singapore.

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Looking to add to existing tourism and agricultural ties, Thailand is keen to explore the idea of joining hands with China in tapping new energy and digital markets in Southeast Asia.

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The Greater Bay Area is expected to continue to lead the way in meeting China’s demand for capital to fund its decarbonisation push, facilitating up to US$28.29 trillion in financing.

As China’s Shenzhen looks to strengthen its economic foothold in the Greater Bay Area, Bao’an International Airport claims bragging rights as the world’s most beautiful airport, despite far fewer passengers than in Hong Kong.

Hong Kong and Guangdong are deepening cooperation to enhance high-quality development of the Greater Bay Area. The two sides have announced a slew of business and trade activities to drive growth.

He Xiangjan said his eponymous fund ‘will help more scientists focus on their work and attract more youngsters to take part in technological advancement and innovation in the country’.

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Discounts of as much as 28 per cent at a project located an hour’s drive from the city centre of Shenzhen are described by local housing authority staff as market-led behaviour, according to Chinese media.

Diplomats have raised questions about how the Greater Bay Area’s technological aspirations will play out on Hengqin island, which has been tasked with helping Macau diversify its economy away from a heavy reliance on casinos.

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The combined GDP of the 11 cities in the Greater Bay Area was close to US$2 trillion in 2022, up 25 per cent from US$1.65 trillion in 2019, Hong Kong’s finance chief says.

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With Hong Kong set to face a shortage of over 60,000 residences for the elderly by 2032, the government needs to create enough accommodation to defuse the ‘huge social problem’, according to JLL’s Wendy Chan.

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