Latest news, analysis, explainers and updates on policy announcements, corporate developments and investment opportunities focused on the Guangdong provincial capital under the Greater Bay Area (GBA) initiative in southern China’s Pearl River Delta The coverage includes politics and policies, business, lifestyle and culture and useful to-do guides about living, working and studying in the GBA.
Trip by Hong Kong officials and lawmakers to mainland China’s Greater Bay Area illustrated the benefits of cross-border cooperation and development.
Exchange programmes involving city and mainland officers are aimed at improving understanding and cooperation in the integrated economic and business hub.
Rules on people moving between Hong Kong and the mainland should be synchronised to avoid the kind of confusion we have seen this week.
Hong Kong-listed Link Reit opened the newly renovated mall in Guangzhou’s Tianhe district in September, with CEO George Hongchoy denying rumours that the company plans to sell some assets in China.
For every five new jobs in artificial intelligence in China, there are only two qualified workers available, a sign of the serious shortage of talent in the hot sector, according to a new report.
Guangzhou has become China’s first tier-1 city to introduce housing vouchers to compensate residents displaced under urban-renewal efforts. The move could boost demand and revive the local housing market, an analyst says.
A former mayor of Chongqing, still sought after for his economic expertise, has commented that Hong Kong can play a special role in the Greater Bay Area’s growth through its advanced producer services sector.
Since the border reopened, Hongkongers, particularly retirees, have started to think once again about buying property in the bay area, say analysts. The falling yuan and a slew of measures to boost the market are making the prospect more attractive.
Hong Kong pay increases this year ranged from 3.2 to 3.8 per cent, higher than Macau at between 1.9 and 2.7 per cent, but financial hub also had high staff turnover.
The Canton Fair, a marquee trade event and barometer for the vitality of China’s exports, is already seeing high attendance amid improved numbers for the country’s overall economic performance.
China’s southern metropolis of Shenzhen is the only mainland city where individuals can apply for bankruptcy, but it’s not easy, as authorities seem to frown on debt forgiveness.
Property developer K Wah International Holdings has set aside flats for buyers from Hong Kong at its Bayview project in Dongguan, a city in the Greater Bay Area.
Provincial Communist Party chief Huang Kunming urges officials to ‘ensure that no family or individual is left behind’ and protect lives and property as tropical cyclone approaches Guangdong’s southern coast.
Lee promises better flow of innovation ideas between city and Shenzhen to ensure world class tech site is operational on time.
Mirxes, a spin-off of Singapore ’s Agency for Science, Technology and Research, will establish a foothold in Hong Kong this year to tap into the vast multi-cancer early-stage screening market in the Greater Bay Area.
Provincial government audits are coming in as China’s leadership enacts new plans to make goods cheaper, but analysts contend that higher incomes are critical to getting people to spend again.
China has long used state-level financing to boost major industries, an effort that has become more urgent amid intensifying rivalry with the US.
The bearish outlook for the commercial real estate market in China’s major cities is forcing landlords to offer rent discounts.
Hong Kong can attract a lot more insurance companies if the government provides a stable business environment and ‘limits bureaucracy’ in the Greater Bay Area, veteran insurer Evan Greenberg says.
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.
With vacancy rates on the rise and new inventory about to hit the market in Shanghai, Beijing, Guangzhou and Shenzhen, rents will continue to drop, according to property consultancy CBRE.
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.
Survey shows respondents prefer mainland cities to Hong Kong because of bigger living spaces, better elderly care homes and lower costs.
Huawei, Alibaba and JD.com lead in smart manufacturing, business-to-business transaction platforms, and customised operations management, respectively.
Among 13 cities selected by China Index Academy, one of the country’s largest independent real estate researchers, home sales by gross floor area rose 18.5 per cent in June compared to the previous month, but were 44.2 per cent lower than a year ago, it said on Monday.
The developer is offering Hong Kong buyers 20 units at Forest Park, a 10-minute walk from the Guangzhou South railway station, which can be reached from Hong Kong’s West Kowloon station in 45 minutes via the Guangzhou-Shenzhen-Hong Kong Express Rail Link.
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.
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.
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.
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.
‘In the future, every consumer in the world will use Miniso’s products like they turn to Nike for sneakers, Starbucks for coffee and Coke for drinks,’ says boss of the Chinese discount lifestyle chain.