Greater Bay Area: Business, Property & Techi

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.

  • Hong Kong’s monetary authority will work with the Chinese central bank to enhance cross-border remittance services to make it easier for Hongkongers who work or retire on the mainland

The conglomerate sold a 30 per cent stake in the North tower of the Shenzhen Qianhai Chow Tai Fook Finance Centre to parent Chow Tai Fook Enterprises.


An ambitious plan, months in the works and still being drafted, involves 14 cities around eastern China’s Yangtze River Delta, and ‘heated debate’ reflects a daunting bid for regional synergy.

The Singaporean lender’s digital banking capability will increase substantially and lead to greater use of AI and machine learning in its products and services, CEO Helen Wong says.

Hong Kong’s efforts to shore up property prices are bad news for residents seeking to own their first homes in the city. It may take longer to attain the target.


Hong Kong developers are pricing new flats at a deeper discount as the property market attempts to rebound from a multi-year slump. Great Eagle is joining the fray with discounts at its project in Ho Man Tin.


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.

Global investors should focus on long-term opportunities in China and take advantage of Hong Kong’s role as a ‘superconnector,’ according to officials and executives from UBS and Primavera Capital.

Wang On Properties will be launching the most new projects since it was listed eight years ago, CEO Nick Tang Ho-hong says. Policy support and potential rate cuts later this year will lift home and rental prices.

Just over a quarter of companies in Hong Kong expect to add staff this year, while some 16 per cent expect to cut headcount, KPMG survey shows. Many candidates are eyeing the Greater Bay Area as an alternative.

Citigroup will use Hong Kong as a hub to expand its wealth management business in the Greater Bay Area and Asia, which is set to become the fastest-growing region globally, according to global wealth head Andy Sieg.

Property markets in China’s Greater Bay Area will see an uptick in 2024, as businesses and communities find synergies within the 11-city economic powerhouse, which has a GDP of US$2 trillion and a population of 86 million.

The land grab comes as the domestic technology sector continues to recover from several years of regulatory upheaval, which has seen many firms scale back their operations.

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.


China Aoyuan is the latest among debt-stricken home builders to win forbearance from offshore creditors and courts to cure their defaulted debts as China’s property market struggles to overturn a multi-year slump.


Twynam Funds Management, an asset-management company owned by one of the richest families in Australia, is looking for investment targets in Hong Kong for a new fund focused on cutting carbon emissions.

Hong Kong’s business community is set to turbocharge plans to capitalise on the city’s initiatives to be one of the world’s top wealth centres and talent hubs, while eyeing growth in the wider bay area too, Post survey finds.

The state-controlled conglomerate joined forces with Hong Kong’s New World Development on a venture worth US$1.28 billion in the city’s Northern Metropolis mega project, according to sources familiar with the matter.


Deal on data transfer boosts Hong Kong’s role in the Greater Bay Area City’s standing in the broader economic powerhouse can only be enhanced by pilot scheme that will offer comfort to businesses and the mainland authorities.

The summit came just a day before Hong Kong inaugurated an academy to provide financial and skills training in wealth management to support the family-office industry.