The Strategic Role of the GBA and Hong Kong/Guangdong in the Equation
11 May 2022
The Greater Bay Area (GBA) has been a key area of strategic planning for international companies located in Hong Kong, China, and globally. The initiative has helped deepen the cooperation between Guangdong, Hong Kong, and Macao to create a coherent plan for regional economic development.
Guangdong Province has seen an unprecedented rise in economic development in recent decades. Following the reform and opening up set in motion by Deng Xiaoping, Guangdong once again has set its sights outwards through the GBA development plan.
GBA has had countless incidents of great fortune from the rise of Shenzhen and the return of Hong Kong and Macao to infrastructure achievements connecting bay area cities on land by high-speed rail or over the bay like the Hong Kong-Zhuhai-Macao Bridge. However, it is also facing a more decoupled international system and a downward economic pressure caused by Covid.
Hong Kong has historically been a gateway for international investors seeking to enter the Chinese market, and has been at the center of innovation in the region. However, recent events may have changed Hong Kong and Guangdong’s role in the coordination of efforts in the GBA.
During this webinar, we will explore Hong Kong and Guangdong’s role in the GBA, recent emerging trends, and business implications based on surveys and reports that have been published.