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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.
The flow of domestic migrants is increasingly moving in the direction of the Greater Bay Area, the Yangtze River Delta and a handful of local economic hubs.
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Hong Kong shops and restaurants, already suffering, lost out as hundreds of thousands of citizens ventured to mainland China to take advantage of the long Easter weekend.
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.
- Bilby says it had predicted China’s 2021 crackdown on the private tuition industry, and last year’s campaign targeting the pharmaceutical sector
- China watchers can expect to see crackdowns on healthcare and the financial sectors and economic stimulus funded by government bonds and credit expansion, it says
Hong Kong is building an arsenal to assist the world with raising funds for managing losses from natural disasters, the Insurance Authority said. It is discovering more issuers, investors and data, as well as cultivating its modelling capabilities and talent.
Flight between Zhongshan and megacity of Shenzhen takes around 45 minutes and costs 40 yuan (US$5.60) per order, according to UAV-maker Phoenix Wings, which is backed by Chinese logistics giant SF Express.
Door-to-door cross-border ambulance service not reciprocal at first because of more complex procedures for approval of vehicles, doctors, equipment and medicine from Hong Kong.
Financial Secretary Paul Chan touts importance of supporting data flows during two-day summit bringing together business leaders to discuss digital economy.
Secretary for Justice Paul Lam also says many developing countries are eager to get legal training in Hong Kong.
New cross-border ambulance transfer service pilot scheme to include non-Hongkonger patients from mainland China and Macau.
The Secretary for Financial Services and the Treasury will meet Michael Bloomberg, media mogul and former New York City mayor, on Tuesday. He will also address local business and financial leaders.
The numbers do not lie, Hong Kong’s financial regulators told the HSBC Global Investment Summit on Tuesday. The city’s market has shown resilience and competence through several years of economic headwinds.
‘I’m confident that as global investors, you can see the far-reaching promise of Hong Kong for yourself,’ Chief Executive tells HSBC summit.
Deputy health secretary Sam Hui says private sector accounts for more than 60 per cent of record views, but only contributes less than 1 per cent of data uploaded.
City should also focus on exploiting ‘enormous potential’ of IP trading market as it seeks to fulfil national mission of becoming innovation and technology hub, finance chief Paul Chan says.
Universities from around the globe examine collaborations with research and education institutions in the Greater Bay Area.
Hong Kong’s revamped investment-migration scheme is paying off for insurers such as Prudential Hong Kong, which is planning to expand its product line to appeal to wealthy would-be Hongkongers.
Exchange programme with mainland China gives Hong Kong civil servants insights into country’s policy direction, development trends, history and culture.
Gary Ng, senior economist at Natixis Corporate and Investment Bank, says the popularity of the new card may stimulate more cross-border spending.
Smart technology such as autonomous parking systems and the wide availability of superfast battery charging infrastructure will drive a boom in EV sales over the next five years, according to two of the segment’s leading manufacturers.
Nansha, a district in China’s southern provincial capital of Guangzhou, has been christened as a test bed for the ‘low-altitude economy’, an emerging industry covering unmanned vehicles, particularly drones.
City’s finance chief and California’s secretary for environmental protection Yana Garcia call for political differences to be put aside at a University of Hong Kong forum.
Collaborations announced include exhibitions with Musee National Picasso-Paris and Qatar Museums.
Hong Kong can bring its technological edge to the table and help launch more Chinese-made EVs to the rest of the world, says Hong Kong’s first academician of the Chinese Academy of Engineering.
Hong Kong’s ambitions as a wealth management and family office hub for Asia, offers significant private banking opportunities, top executives at Citigroup say.
Ping An, China’s largest insurer by market capitalisation, is exploring ways to further expand operations in Hong Kong and the Greater Bay Area, its newly appointed co-CEO said.
UK insurer Prudential reported a strong set of results for 2023 driven by higher sales to mainland Chinese visitors as they returned to Hong Kong for better life policies and investment returns.
