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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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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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  • Finance chief says property and stock markets still under pressure amid geopolitical tensions, urges investment in green development and digital economy to drive growth
  • ‘Economic growth in first quarter was positive, which stands between 2.5 and 3.5 per cent. The range is the same as what we estimated for 2024 yearly growth,’ he says

Hong Kong offers plenty of wealth management and stock market opportunities despite headwinds and uncertain economic outlook in China, according to speakers at the Apec Business Advisory Council summit.

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The Advisory Council on the Environment has unanimously endorsed the environmental impact assessment report on the San Tin Technopole with eight conditions.

Ten remain missing in hard-hit cities of Qingyuan and Shaoguan as rescuers race to save trapped residents after intense rain brings water levels above 50-year highs in parts of Bei River, a tributary of the Pearl River.

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BNP Paribas marks its re-entry into China’s market with hires, at a time when Morgan Stanley, Goldman Sachs and JPMorgan have all made rounds of job cuts in Hong Kong and China

China’s ATLATL Innovation Centre and California-headquartered Founder Institute plan to bring start-ups from around the world to the city and invest in local ventures.

Frederic Genta, a high-ranking official from the principality, holds a flurry of meetings with government officials and investors in Macau and Hong Kong. ‘We can be a small door to Europe,’ he 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.

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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.

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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.

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.

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.

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.