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Prices of second-hand homes in the tech hub have risen 88.3 per cent since 2015 – more than any other city in China, according to government data.
The plan underscores long-term ambition and prospects for the Greater Bay Area, which could be considered as the world’s 11th largest economy ahead of Russia and behind Canada, with a US$1.65 trillion combined output from its 11 cities.
Health care is a vital part of Beijing’s goal to make the Greater Bay Area liveable for migrants. The inclusion of Hong Kong-based providers in the mainland’s insurance network is likely to spur cross-border flow of talent.
The SCMP-Statista Growth Champions of the Greater Bay Area survey, the first of its kind, sheds light on where investors and entrepreneurs are placing their bets in an area that is projected to become one of biggest growth drivers of the Chinese economy.
City needs to pursue the development of innovation and technology industries to ensure it emerges as the region’s ‘Silicon Valley’
Differences need to be resolved in the GBA’s border controls, environmental protection, currency, legislation, taxes, and rules on investment
Dispute resolution forum regulations could be clarified or relaxed to allow greater access for mainland businesses to choose Hong Kong law and Hong Kong arbitration.
Coliving spaces have proliferated in Hong Kong, from Bibliothèque in Yau Ma Tei and M3 International Youth Community in Central, to Mini Ocean Park Station in Shouson Hill, and Campus Hong Kong in Tsuen Wan
Visitors to the GBA could spend the morning sightseeing in Hong Kong and, in the afternoon, explore Macau, an hour away
Growth in existing positions and the opening up of new career paths will benefit young people in Hong Kong, Macau and southern mainland China
Regional success depends on services, infrastructure and personnel being in place
Lionsgate Entertainment World and National Geographic Ultimate Explorer ‘edutainment’ centre are highlights of first phase of 18 billion yuan project