To encourage and support young people to work and pursue their career in the Mainland cities of the Greater Bay Area ("GBA"), the Cheif Executive announced in the 2020 Policy Address the launch of the Greater Bay Area Youth Employment Scheme ("the Scheme") to encourage enterprises with operation in both Hong Kong and the GBA to recruite and deploy local universary/ tertiary instituation graduates to work in the Mainland cities of the GBA. The Scheme will provide 2,000 places, around 700 of which are designated for innovation and technology (I&T) post. Read More

FAQ

GBA Reports

Making Cross-Border Payments Seamless

Improved financial products and applications aim to make cashless transactions more efficient in Hong Kong and across the GBA

Greater Bay Area: What Does It Mean for Hong Kong

What is the Greater Bay Area (GBA), and what benefits will it bring for Hong Kong and the other cities in the Pear River Delta?

GBA Collaboration

Aron Harilela and PC Yu met with Guangdong officials to discuss strengthening collaboration between Hong Kong and Guangdong in relation to the Greater Bay Area (GBA) development.

GBA Development Plan

Outline Development Plan

(18 February 2019)

The promulgation of Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area signifies a new milestone in the development of the Greater Bay Area.

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Framework Agreement

(1 July 2017)

Witnessed by President Xi Jingping,the National Development and Reform Commission and the governments of Guangdong,Hong Kong and Macao signed the Framework Agreement on Deepening Guangdong-Hong Kong-Macao Cooperation in the Development of the Greater Bay Area on 1 July 2017 in Hong Kong.

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Surveys

2nd Phase draft report

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Do Employers and Employees Approve of the Greater Bay Area Youth Employment Scheme?

Around 80% of participants have found the Greater Bay Area Youth Employment Scheme (GBAYES) to be beneficial, according to a survey of employers and employees.

The scheme aims to encourage businesses with operations in both Hong Kong and the GBA to recruit recent Hong Kong graduates to work in the Mainland GBA cities.

To assess the effectiveness of the Scheme, MWYO in collaboration with HKGCC have launched a longitudinal impact study in four phases, conducting online surveys and in-depth interviews. MWYO released its report for Phase 1 on 22 January, which looks at the views, expectations and difficulties encountered by the employers and employees.

According to the survey, 82% of employers said the scheme had helped them understand the skills of graduates. Among employees, 93% said that participating in GBAYES supported their career development. Challenges reported by employers included HR issues, in particular confusion around tax arrangements.

Two questionnaires were used, one for employers and the other for employees, which were distributed by HKGCC to participating member companies. In-depth interviews were also conducted with 10 employers, to present a more comprehensive analysis.

GBAYES was announced by Chief Executive Carrie Lam in her 2020 Policy Address. HKGCC members are major supporters of the scheme and have provided more than 450 places to local young people.

You can read the report and its recommendations in the links below.

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Greater Bay Area Survey - 2020

For this report, KPMG China, HSBC and HKGCC commissioned YouGov to conduct a survey of 747 business executives in mainland China, Hong Kong and Macau. Almost two thirds (64 percent) of respondents identified as either C-suite or senior management.

The survey was conducted from July to September 2019. Some 496 respondents (66 percent) are from companies whose principal base of operation is in Hong Kong; 13 (2 percent) are from Macau; 57 (8 percent) from Shenzhen; 34 (5 percent) from Guangzhou; 41 (5 percent) from other GBA cities in mainland China; and 106 (14 percent) from outside the GBA in mainland China.
The business executives are from a wide range of industries, including 185 companies from financial services, 98 from professional services, 89 from manufacturing, 85 from trade and logistics, 57 from technology and innovation, 50 from real estate, 32 from healthcare/life sciences, and 32 from retail.

Among the respondents who disclosed the turnover of their companies, 224 work for companies with annual revenues of more than USD 100 million, and 163 work for companies with annual revenues of between USD 10 million and USD 100 million. The rest work for companies with revenues of between USD 2 million and USD 10 million (108) and USD 2 million or less (83).

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Hong Kong     Innovation &
Healthcare

Greater Bay Area Survey - 2018

The Greater Bay Area’s (GBA) economy will grow faster than the rest of China over the next three years, and boost corporate expansion plans, according to the majority of business executives in a joint survey by KPMG, HSBC and the Hong Kong General Chamber of Commerce. The survey, titled Navigating the Greater Bay Area – Second annual survey on key drivers for success, was conducted in June and July 2018 and received responses from 714 business executives in Mainland China, Hong Kong and Macau.

The respondents highlighted a number of benefits of the GBA; 68% indicated the area’s potential for allowing access to more business opportunities, while 53% flagged options for greater synergy achieved by pooling resources.

While the GBA is expected to create business opportunities across all sectors, the survey respondents identified technology and innovation (53%), trade and logistics (45%) and financial services (44%) as the three key sectors to benefit the most.

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Greater Bay Area Survey - 2017

A survey on key drivers for success

Businesses overwhelmingly support China’s Greater Bay Area initiative, according to a YouGov survey commissioned jointly by KPMG and the Hong Kong General Chamber of Commerce. The two-month survey was conducted in June and July 2017 and received responses from 614 business executives in Hong Kong (410), Guangzhou (91), Shenzhen (82) and other GBA cities (31).

Of the total respondents, close to 65 percent were at a senior management level, while around 35 percent were middle management or below. The companies they represent were from a wide range of industries, including manufacturing (157), distribution (143), e-commerce (73), retail (70), logistics (58), and others. The idea of Hong Kong, Macau and Guangdong working together to create GBA resonated with the survey respondents with 80 percent indicating their support for integrated development across the region.

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Past Events

China's Economic Outlook for 2017

Dr Le Xia, Chief Economist for Asia at BBVA Research Department, spoke at a roundtable luncheon on 22 February about the evolution of the Chinese economy in the coming years, as well as trends concerning the RMB and issues related to the country’s piling debt. He also highlighted the growth outlook of China in 2017, the housing bubble and regulatory measures that China has taken to curtail shadow banking activities.

China Committee and China Taxation Working Group Present: 2017 China Taxation Update

Catherine Tsang, China Tax and Business Advisory Division, PwC, briefed members about the 2017 China Taxation Update on 20 January. She explained how Mainland tax authorities are using big data to enforce tax administration and how companies should respond. In addition, she explained how the common reporting standard (CRS) will be implemented in the Mainland and briefed members about Mainland tax authorities’ movement towards the base erosion and profit shifting (BEPS) project and its implications for companies. 

dev - O2O Marketing Strategy for the New Mobile and Digital Generation

The SME Committee and the Digital, Information and Telecommunications Committee invited Daisy Chow, Chief Operation Officer of Intimex Business Solutions Company Ltd, to share with members on 18 June the newest e-commerce applications and O2O Internet marketing strategies.



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Enquiries

Ms Wendy Lo
Tel: (852) 2823 1232
Email: wendylo@chamber.org.hk
Over the years, we have helped businesses overcome adversity and thrive locally, in Mainland China and internationally.

If you want to take advantage of our network,insights and services, contact us today.

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