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.
From wealth management to bonds and banking services, mainland China has shown further support for city as a financial hub
Hong Kong professionals will find it easier to operate in the economic zone, and easing of investment restrictions will help revive economies in the city and mainland China.
Over the past two years, there have been more signs that Hong Kong’s political elite are driving an increasing mainlandisation, chipping away at the city’s distinctive status and advantages.
Relaxed conditions on land exchanges should boost Hong Kong’s Northern Metropolis project and extension of land premium scheme is also welcome.
Series of government proposals, including developing city as green shipping hub, aims to restore leading international position.
Readers discuss the Shenzhen government’s intiatives to improve the city, and the effect of an influx of tourists on ordinary people’s lives.
Hong Kong and mainland Chinese banks are preparing for a new cross-border payment regime that will make it easier for Hong Kong and Macau homebuyers to transfer the funds they need to purchase property in the Greater Bay Area.
Piony Leung, who will take the helm in April, plans to increase the number of outlets in mainland China by two-thirds.
Civil Engineering and Development Department releases environmental impact assessment report on the tech hub’s construction with proposed mitigation measures.
Hong Kong banks’ net interest margin – the gap between the rate charged on loans and the interest paid for deposits – widened last year to the fattest in four years at 1.68 per cent, the HKMA’s data showed.
While aiming to counteract US-led tech restrictions, Shenzhen intends to achieve a massive industrial output of more than US$209 billion in strategic emerging industries this year.
Readers discuss the economic potential of the drone-related industry, the plan to increase the number of CCTV cameras in the city, and the abuse of a young inmate.
Companies that use more tech to switch to ‘smart’ production lines can get help from HK$10 billion scheme.
Only ‘radical reforms’ at Lok Ma Chau Loop can serve country’s development needs in face of West’s economic sanctions, argues Professor Zheng Yongnian.
Polytechnic University has developed a ‘GBA Tourism Forecasting Platform’, a data analysis system for the Greater Bay Area.
The new policies relaxed cross-border payment rules between the 11 cities of the Greater Bay Area to make it easier for the residents of Hong Kong and Macau to buy homes in southern China.
The policies and incentives followed the pledge made earlier during the day by Li Yunze, the minister of the National Financial Regulatory Administration (NFRA) in his keynote address to the AFF.
The use of cheques in the city could end as the Hong Kong Association of Banks works out a road map to phase it out amid an irreversible shift to electronic payments.
New home sales in the Greater Bay Area might increase by 5 per cent this year, thanks to improving transport networks and the introduction of more favourable policies, Cushman & Wakefield says.
City leader tells Hong Kong Federation of Journalists they should deepen public understanding of Chinese history, culture and current affairs.
Departure tax proposal ‘sends the wrong signal’ and will hit thousands of Hongkongers crossing border to shop, policy experts say.
Insider says talks between Beijing’s top man in Hong Kong and Guangdong officials produce push for stronger connections along lines of infrastructure, rules and regulations.
The 18-storey BEA Tower, built at a cost of US$196 million, houses the bank’s Qianhai branch, innovation centre and data lab. The 105-year-old lender is targeting wealth management and fintech in the bay area.
Local authorities are currently in talks with counterparts across the border to bring back multiple-entry visa scheme for Shenzhen residents before Lunar New Year.
Potential US rate cuts this year will redirect capital to Asia, boost the yuan and create demand for yuan products, Standard Chartered’s John Thang says. Hong Kong’s efforts to promote family offices and the investment migration scheme will act as catalysts.
Readers discuss the concern over the Hong Kong consumption lost to Shenzhen, and a dearth of taxis at China Hong Kong City.
Residents catch cross-border buses and sign up for shopping spree tours to visit Sam’s Club outlet in Qianhai, buoyed by bargain prices and strong Hong Kong dollar.
Readers discuss the reality of learning English in Hong Kong, the city’s competitive edge in the data-driven economy, and why Hong Kong has to up its education game.
Average of 1,800 people a month visit time capsule border town Sha Tau Kok, largely closed off since 1950s, since it reopened 18 months ago.
Stores could further drain customers away from Hong Kong retailers and replicating the big box stores in city may be impossible, given land and logistics costs.