Mainland China

The Hong Kong Trade Development Council (HKTDC), HSBC and the Greater Bay Area Business School recently organised a seminar to help service professionals enter the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), at which industry experts analysed demand for services and how individuals and firms could seize opportunities.

Two years ago, Mainland China set 2025 as a target for half its power capacity to come from renewable resources, a landmark the economy has already reached two years ahead of schedule.

The Hong Kong Special Administrative Region Government has announced that it will implement the Industrial Labour Importation Scheme for the construction and transport industries, with a quota of 20,000. The government will launch the scheme this month, and be reviewed within six months after its launch.

Closer economic and trade development between Hong Kong and Mainland China in recent years has prompted many mainland securities companies to build a global presence through the financial hub of Hong Kong.

The Ningbo-Hong Kong Economic Cooperation Forum 2023, jointly organised by the HKTDC and the government of Ningbo city, Zhejiang province, was held in Hong Kong last month. A Ningbo delegation comprising political and business leaders attended in-person, as the two cities explored collaborations to drive the nation’s high-quality development, as well as create new momentum for Hong Kong’s economy.

The Guangdong-Hong Kong-Macao Greater Bay Area is rapidly maturing into a world-class hub for both finance and innovation-technology, leading to greater integration between Hong Kong and the nine GBA centres in Mainland China.