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Greater Bay Area: Explainers

Greater Bay Area: Explainers
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.
China’s Greater Bay Area
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.

Banking & finance

Hong Kong, mainland China officials plan Wealth Management Connect scheme revamp

Banking & finance

Explainer | Here’s how investors can trade in the new Wealth Management Connect

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Greater Bay Area

Explainer | In Jiangmen, toilet-paper maker Vinda, start-up Heytea rank among top firms

Jiangmen’s mix of companies range from start-ups to tech firms and household names. Here are five of the best-known firms from the Greater Bay Area city.

The Greater Bay Area city of Jiangmen has spawned a wide range of companies. Photo: Shutterstock Images
Stock Connect

Explainer | Here’s what you need to know about China’s upcoming wealth management scheme

The Wealth Management Connect is the first cross border trading scheme focused on the Greater Bay Area, with total fund flow capped at 300 billion yuan (US$46.5 billion).

Shenzhen

Explainer | These 5 Shenzhen firms could drive Xi’s call for next economic miracle

Shenzhen, the first of China’s four special economic zones, aims to become the “core engine” of Greater Bay Area development, according to the city’s five-year plan to 2025. Much of the drive will come from the city’s best-known companies like Tencent and Huawei.

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Guangzhou

Explainer | Guangzhou’s tech mega projects aim to boost role in bay area

The provincial capital of Guangdong is actively implementing reforms to transform itself into a competitive and innovation-driven city.

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The city is pushing for development, particularly in the areas of innovation, new infrastructure and the digital economy. Photo: Shutterstock.
Greater Bay Area

Explainer | What is Guangzhou’s role in the bay area master plan?

The blueprint for the bay area sees Guangzhou as an international transport and commerce hub, as well as a centre of culinary excellence.

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Greater Bay Area

Explainer | Zhongshan revamps as Greater Bay Area transport hub to boost growth

Zhongshan is set to benefit from the increased connectivity as it sits at the intersection of major transport projects in the Greater Bay Area.

Zhuhai

Explainer | Jumbo oysters and double shell crabs: Zhuhai is a foodie’s paradise

Seafood plays an important role for Zhuhai’s two million residents. Sitting on an estuary where the Pearl River flows into the South China Sea, the city – once know as ‘fishermen’s county’ – has access to a wide variety of marine wildlife.

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Doumen double shell crabs, a delicacy to be enjoyed in Zhuhai. Photo: Handout
Greater Bay Area

Explainer | Zhuhai touts upbeat economic growth to attract Greater Bay Area’s best

Zhuhai, which led the Top 10 Livable Cities in China rankings last year, holds up its economic achievements to attract talent from other Greater Bay Area cities.

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An aerial photo of Zhuhai Hengqin International Financial Center in southern Guangdong province. Photo: Xinhua
Greater Bay Area

Explainer | Zhaoqing Guozheng rice dumpling a household name in Greater Bay Area

Zhaoqing has been promoting its agricultural products to improve the livelihood of 89,000 relatively poor people.

Greater Bay Area

Explainer | Zhaoqing pins tourism edge on Seven Star Crags, Justice Bao, Jesuit legends

The inclusion of Zhaoqing in the Greater Bay Area initiative has put the city’s rich history and natural attractions in the spotlight. Here are six top spots to visit on your next trip.

Fame and celebrity

Explainer | Family town of Lui Che-woo and Andy Lau is GBA’s second poorest

Jiangmen ranks as the second poorest city in the Greater Bay Area. Yet, it is rich in its own way, counting a casino tycoon, an ex-NBA star, the king of oyster sauce, and Hong Kong’s movie icons among its natives and benefactors.

A scene in Pengjiang district, Jiangmen city, part of the Greater Bay Area plan in China. Photo: Shutterstock Images
Greater Bay Area

Explainer | Opening Greater Bay Area bank accounts is getting easier. Here’s how

Regulators in Hong Kong and mainland China are working to expand a pilot that will make it easier for people to remotely open bank accounts in the Greater Bay Area development zone.

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A border crossing facility in Shenzhen, Hong Kong’s neighbour to the north. Only one type of account opened in Hong Kong requires a trip to the mainland. Photo: Bloomberg
Wealth management

Explainer | How China’s wealth management scheme could work

Greater clarity on oversight and movement of capital is urgently needed or the scheme could flounder like the Hong Kong-China Mutual Recognition of Funds launched in 2015.

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Greater Bay Area

Explainer | Want a mortgage for Greater Bay Area? Here’s what you need to know

Hong Kong banks expect more Hongkongers to seek out property in the Greater Bay Area development zone, and at least six of these now offer mortgages for such purchases.

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Greater Bay Area

Explainer | A city-by-city buying guide for property in the Greater Bay Area

For all the publicity and government commitment lavished on the Greater Bay Area (GBA), the nine cities in southern China adjoining Hong Kong and Macau actually offer limited investment opportunities and upside for the city’s residents.

A non-local resident buyer must show six months’ proof of social security fund contribution or tax payment to be eligible for one property in Zhongshan. Photo: REUTERS
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