Global EditionASIA 中文雙語Fran?ais
    China
    Home / China / GBA focus

    Revving up to be a 5-star powerhouse

    By Zhang Tianyuan and Wang Yuke | HK EDITION | Updated: 2022-05-13 15:29
    Share
    Share - WeChat

     

    Deepening integration

     

    Hong Kong has played a significant role in accelerating the integration of the Greater Bay Area. The SAR, as the "superconnector" between the mainland and the world, has been the staging ground for mainland companies "going out", with foreign capital flowing into the city in the past three years, aided by its sophisticated financial infrastructure.

     

    "Hong Kong is always changing and we're excited over the vast opportunities that are constantly emerging," said Ben Simpfendorfer, chair of the Greater Bay Area Council at the American Chamber of Commerce and a partner at management consultancy Oliver Wyman.

     

    In his view, the Greater Bay Area is an "aspiration to introduce international standard practices across all industries". In essence, the region mirrors its forward-thinking and international mindset for bringing its domestic companies into the global arena.

     

    "Let's not forget that we (Hong Kong) are an international business hub, and we're here to help mainland companies in the Greater Bay Area to go global and internationalize their businesses," Simpfendorfer said.

     

    Chui said that Hong Kong, as a world aviation hub, has a significant edge in high-end logistics and supply chain management. "Such an advantage enables Hong Kong to propel the continuous development of the world-class logistics system supporting China's international trades."

     

    Hong Kong should harness the vast opportunities from the gradually and organically-deepened regional integration in the Greater Bay Area, and strengthen its role as a gateway to connect the region with the rest of the world, said Chui.

     

    Foreign direct investment in the Greater Bay Area shot up to $103.74 billion in 2020. Hong Kong topped the list with $74.46 billion, followed by Shenzhen with $8.68 billion, according to the data from online statistics provider Statista.

     

    Chui said the Greater Bay Area's development will spur demand for financial services, further boosting Hong Kong's international financial center status.

     

    Eric Lin Pui-kwan, head of China research at global financial services firm UBS, believes the expansion potential of cross-border wealth investment will deepen the financial links among the Greater Bay Area's 11 cities.

     

    A UBS report showed that southbound assets under management would range between 700 billion yuan and 1.5 trillion yuan by 2030, involving 2 to 5 percent of the financial assets of households in the Greater Bay Area.

     

    Ivan Li, head of financial services of Southern China at KPMG China, said the Cross-boundary Wealth Management Connect Scheme in the Greater Bay Area serves as the bridge for mainland investors to step into the international market and provides a huge opportunity for the banks in the region, especially banks in Hong Kong.

     

    Hong Kong and the mainland rolled out the Wealth Management Connect in October last year, allowing banks to sell cross-border investment products to the region's eligible residents.

     

    "We expect the program to increase the types and quotas for investment products when the pandemic eases further," Li said.

     

    Jimmy Chiang Hok-lai, associate director-general of InvestHK — the Hong Kong government department tasked with attracting and retaining foreign direct investment — said all companies, regardless of whether they're inside or outside Hong Kong, should recognize the Greater Bay Area's huge market potential and adopt a "GBA mindset". This is probably the zeitgeist of the region.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
     
    国产AV无码专区亚洲Av| 中文字幕亚洲综合久久2| 99精品人妻无码专区在线视频区| 中文字幕一区一区三区| 国产拍拍拍无码视频免费| 免费A级毛片无码无遮挡内射| 亚洲AV无码精品无码麻豆| 精品人妻系列无码人妻免费视频| 精品999久久久久久中文字幕| 最近中文字幕大全免费视频| 国产午夜无码专区喷水| 亚洲AV无码成人精品区蜜桃| 久久亚洲2019中文字幕| 无码av免费网站| 中文字幕有码无码AV| 中文字幕精品一区二区三区视频| 日韩免费人妻AV无码专区蜜桃| 久久丝袜精品中文字幕| 亚洲一区二区三区无码中文字幕 | 日韩人妻无码一区二区三区久久99| 中文字幕久久久久人妻| 免费VA在线观看无码| 久久久无码精品亚洲日韩按摩| 中文资源在线官网| 久久久久精品国产亚洲AV无码| 无码国产亚洲日韩国精品视频一区二区三区| 最新版天堂中文在线| 中文字幕乱偷无码AV先锋| 无码欧精品亚洲日韩一区夜夜嗨 | 亚洲一区爱区精品无码| 日韩人妻无码精品专区| 一级片无码中文字幕乱伦| 熟妇人妻无码中文字幕| 精品国产一区二区三区无码 | 精品一区二区三区无码免费视频| 亚洲av无码一区二区三区网站 | 波多野结衣中文字幕免费视频| 熟妇人妻中文a∨无码| 日韩成人无码中文字幕| 亚洲自偷自偷偷色无码中文| 日韩av无码中文字幕|