Topic

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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As the initiative marks its fifth anniversary, its steady achievement underlines the importance of more high-level planning between Hong Kong and the other 10 cities to further drive development.

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.

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  • It comes a month after the PBOC and HKMA announced six measures to strengthen financial cooperation between the mainland and Hong Kong
  • Beijing is striving to boost the bay area’s financial markets and promote capital flow across borders
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Growing number of elderly Hongkongers opting to live across the border, but concern groups say fundamental differences between local and mainland’s healthcare system still a deterrent.

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Policy support measures and post-Covid sports activities have contributed to growth, executives say at an industry summit in Macau attended by Yao Ming and Dwyane Wade.

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Macau is setting the stage to become a key driver of the Greater Bay Area’s sports sector, as the city looks to tap its tourism strengths and expand its economy beyond the gaming industry, a conference heard.

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Hongkongers eligible for subsidies will by the third quarter be able to spend them at seven additional hospitals and dental clinics in southern China. Fostering a stronger culture of preventive medicine will help ease the burden on local hospitals and clinics

‘Art March’ freebies announced as tourism industry experts say heightened social media presence and better links with rest of Greater Bay Area will speed recovery.

Hong Kong’s largest family-owned lender said its non-performing loans in mainland China dropped by 0.47 percentage points to 2.68 per cent at the end of 2023 compared with the first half, as its overall exposure to troubled Chinese property developers shrank.

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City’s first satellite manufacturer, Uspace Technology Group, expects half of the units it produces annually will go to the Greater Bay Area, to spur digital transformation.

Economic damage will be significant if all Hong Kong elderly residents in mainland China opt to use dental services across the border, Dental Association president Spencer Chan says.

DAB says more stock exchange listings from mainland would boost city’s standing as major financial centre and increase global profile of Chinese companies

February 18 marks five years since Beijing unveiled its blueprint to turn the Greater Bay Area into a hi-tech powerhouse by 2035. The region of more than 86 million people covers Hong Kong, Macau and nine Guangdong cities. In this series, the Post looks at Hong Kong’s progress in meeting targets set for it, how different cities are vying to conquer the skies and more.

Our Hong Kong Foundation puts forward 14 suggestions to lure more people to city, including eased tourist visa rules for mainland visitors and reduced charges on airlines.

Qianhai’s tax incentives are among measures that have attracted major Hong Kong banks to invest in grade-A office buildings, and to develop a wide range of banking, securities and insurance businesses in the area.

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.

After five years, China’s efforts to integrate its populous south under its Greater Bay Area blueprint appear to have borne fruit, with transport between regions already taking less time – and future construction aims to make those trips even faster and easier.

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In the third of a four-part series on the Greater Bay Area’s fifth anniversary, we look at how Hong Kong has become the de facto wealth management hub for the wealthy. Enhancements to cross-border payments and investments will only add to the city’s lustre.

Since the reopening of the borders last year, policies in place have enabled progress in transport, border clearance as well as exchanges of people, think tank expert says.

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