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Greater Bay Area: Business, Property & Tech

Greater Bay Area: Business, Property & Tech
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.
Cheng Xue (right), chairwoman of Foshan Haitian Flavouring & Food Company, after striking the ceremonial gong at the Connect Hall of the Hong Kong stock exchange to mark the trading of her company’s stock on June 19, 2025. Photo: Julie Zhang
IPO

Investors lap up soy sauce maker Haitian’s stock in Hong Kong debut

Company exercises an upsize option as its US$1.3 billion listing bolsters the city as the top global IPO venue.

China property

The future of retirement for wealthy Hongkongers could be this Zhuhai community

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Mainland China

Editorial | Nansha gives bay area tech innovation boost

Insurance

Hong Kong insurers extend Greater Bay Area medical coverage

BOC Life, FWD, Prudential unveil plans as firms see opportunities in ‘silver’ economy and cross-border retirement trend.

People read in Hong Kong Park in Admiralty on March 8, 2025. Photo: Nora Tam
Hong Kong property

Hong Kong’s largest flex-office provider seeks deals with landlords

Partnering with International Workplace Group ‘makes a lot of sense to tap into growing demand for hybrid working’, CEO says.

Greater Bay Area

Hong Kong supporting European business collaboration surge in Qianhai

Escalating US-China trade war has resulted in European business chambers seeking out opportunities in the Greater Bay Area.

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Greater Bay Area

Macau’s most opulent lodging, The 13 Hotel and Casino, up for sale again

The 22-storey luxury property in Macau’s Coloane district was estimated last year to be worth US$309 million.

The striking red facade of The 13 Hotel and Casino. Photo: Handout
Two Sessions 2025

Editorial | Opportunities knock for Hong Kong with role in national development

City’s unique strengths mean it can take lead on international cooperation and exchanges while also benefiting from Beijing’s economic moves.

Hong Kong housing

Editorial | Hong Kong website helps hunt for property in Greater Bay Area

A solution for house hunting headaches in Greater Bay Area is sign of closer collaboration between Hong Kong and Guangdong province.

Consumer protection in Hong Kong

Hong Kong’s consumer watchdog launches Greater Bay Area property portal

New website offers buyers and renters one-stop platform with up-to-date information, Consumer Council says.

The Shenzhen skyline. Hong Kong’s consumer watchdog has launched a new portal for property in 11 Greater Bay Area cities. Photo: Dickson Lee
Banking & finance

HSBC unveils 25-storey tower in Qianhai to drive cross-border collaboration

The bank says it sees ‘huge potential for economic and trade cooperation between Guangdong and Hong Kong’.

HSBC’s HyQ office tower in Qianhai. Photo: Handout
Bonds

Hong Kong and Macau link bond systems to create larger market

Four new bond issuances worth 3.2 billion patacas (US$401 million), plus 18 secondary-market transactions, settled on first day of linkage.

China property

More foreign property investors are likely to sell Greater Bay Area assets

Analysts attributed the expected sales to escalating geopolitical tensions and lower investment yields.

Macau

Wynn looks to Vegas to help revamp Macau’s US$28 billion casino economy

Macau seeks to source 60 per cent of its revenues from non-gaming sectors by 2028, from 20 per cent at present.

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Wynn Macau president and vice chairwoman Linda Chen and non executive chairman Allan Zeman. Illustration by Henry Wong
Hong Kong economy

Hong Kong’s Paul Chan meets Asean chief to promote city’s links with bloc

Finance chief ends visit to Indonesia, as survey of 600 Greater Bay Area companies finds strength of city’s connectivity with bloc has risen.

Hong Kong Financial Secretary Paul Chan (left) meets Asean Secretary General Kao Kim Hourn in Jakarta, Indonesia, on Thursday Photo: Handout
IPO

Hong Kong makes overture to Indonesian companies to raise capital

Companies in Southeast Asia’s most populous nation should find Hong Kong’s capital market an ‘attractive and advantageous’ place for raising funds, Paul Chan said.

Hong Kong property

Hong Kong developer cuts prices in Shau Kei Wan project amid oversupply

New price list takes average price in the district to the lowest level since September 2016 for primary launches: Midland Realty data.

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Hong Kong economy

Opinion | Weakest link in Hong Kong’s tech ecosystem? Scale-up funding

With venture capital and IPO growth weak globally, start-ups should aggressively seek international commercialisation, leverage marketing strategies and connect with power players overseas.

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The absence of a robust series of funding escalators – from Series A to C, leading to trade sales or IPOs – risks producing numerous start-ups with innovative ideas but lacking commercially viable products. Photo: Shutterstock
Wealth management

Mainland Chinese investors unimpressed with Wealth Management Connect expansion

Restrictive marketing rules and stringent eligibility requirements will continue to deter wealthy Chinese from the scheme, analysts say.

Amazon

Amazon invites Chinese sellers to new bargain marketplace Haul

The US e-commerce giant is aggressively promoting its new budget-shopping platform this holiday season to take on Temu and Shein.

Shenzhen

Shenzhen’s soaring R&D spending rivals Beijing, dwarfs Hong Kong

The southern city put nearly US$31 billion into R&D last year, driven partly by robust spending from tech giants like Huawei.

Shenzhen is China’s second-largest R&D hub by expenditure. Photo: Costfoto/NurPhoto via Getty Images
Hong Kong economy

Hong Kong urged to deepen bay area ties, help region’s firms expand abroad

Recent bay area trade show that drew 2.26 trillion yuan in investments is a sign of revived investor confidence, observers say.

The 2024 Greater Bay Area Global Investment Promotion Conference held in Guangzhou generated 1,933 deals. Photo: Handout
Artificial intelligence

The fight for AI talent heats up in China

The scarcity of AI talent has set off a recruitment battle, with companies offering above-average pay to woo the right candidate.

Hong Kong economy

China’s Greater Bay Area

We take a look at metrics for the cities in the Greater Bay Area since the blueprint for the economic and business zone spanning Guangdong province, Hong Kong and Macau was unveiled in 2019, highlighting flagship projects and initiatives.

Family offices

Hong Kong tycoon Peter Lee looks for good karma in green investments

The Towngas chairman and devout Buddhist hopes to create a more sustainable future through his family office investments.

Peter Lee Ka-kit, the elder son of real estate tycoon and Henderson Land Development’s majority owner Lee Shau-kee. Photo: Dickson Lee
Apple

Apple opens lab in China amid fierce competition with Huawei

The new facility in the Hetao Shenzhen-Hong Kong tech cooperation zone is one of several Apple research centres in China.

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An Apple store in Shanghai, China. The US tech giant has opened a new research lab in Shenzhen. Photo: Bloomberg
Banking & finance

Banks set to prosper as Hong Kong expands wealth, fintech opportunities

Hong Kong’s efforts to regain its top hub status will prosper lenders as opportunities abound in wealth and fintech sectors and the bay area.

IPO

Midea’s Hong Kong IPO sizzles as shares soar in blockbuster sale

The Foshan-based company raised HK$31.01 billion last week, after offering its stock at HK$54.80 a share, at the top end of an expected price range.

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