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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.
Sun Hung Kai Properties sold all 87 units on offer at the Lime Spark project in Tsuen Wan on Saturday. Photo: Eugene Lee
Banking & finance

SHKP sells out latest flats in Tsuen Wan as Hong Kong market continues recovery

Centaline attributes the positive mood to improving China-US relations, solid economic data and policies that encourage talent inflow.

Hong Kong property

Hong Kong’s luxury living evolution, from Mid-Levels to Chai Wan

Greater Bay Area

Greater Bay Area trails peers in research despite strong tech potential: report

Hong Kong stock market

Hong Kong’s TVB logs US$7.5 million profit, shaking off 7 years of losses

A threefold rise in contribution from the Greater Bay Area drives 15 per cent growth in advertising revenue, broadcaster says.

TVB said its four channels reach an average of 4.9 million in-home viewers a week. Photo: Dickson Lee
Hong Kong property

SHKP posts another Sierra Sea sell-out as Hong Kong property rebound strengthens

Fifth consecutive sell-out at Sai Sha development shows recovery gathering pace, with analysts forecasting further price increases ahead.

Hong Kong economy

Opinion | With Hetao tech hub, Hong Kong is reimagining its economic future

The city is pivoting towards hi-tech development and greater cross-border integration while committing to innovation ecosystem synergy.

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Greater Bay Area

Hong Kong property prices stabilise as mainland China slump drags on

Hong Kong is drawing cautious interest from buyers, while markets such as Shenzhen remain weighed down by persistent price declines.

A property agent talks with customers at a property fair in Shenzhen, October 12, 2024. Photo: Reuters
Greater Bay Area

Greater Bay Area hospitals bet resort-like services will pull in global visitors

As Macau diversifies beyond gaming, wellness clinics are emerging as the next big pillar of the Greater Bay Area’s economy.

Wealth management

Hong Kong stands as key beneficiary of China’s continued opening up efforts

That policy brings ‘more innovative hi-tech companies to Hong Kong’, China International Capital Corp’s Zhao Yang says.

China technology

South China’s Greater Bay Area boasts world’s largest innovation cluster

World Intellectual Property Organization based rankings on international patent filings, scientific publications and venture capital deals.

People interact with a robot during the Guangdong-Hong Kong-Macau Greater Bay Area International Auto Show in Shenzhen in May. Photo: Xinhua
Hong Kong economy

Opinion | Hong Kong must ensure it’s in the engine room financing future tech

Only with purposeful planning and coordinated policies can Hong Kong’s capital markets act as levers for innovation.

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Hong Kong’s stock exchange marked its busiest day of the year on July 9, when five companies made their debuts: semiconductor chip designer Fortior Technology, Lens Technology, Wuhan Dazhong Dental Medical, robotic logistics firm Beijing Geekplus and Beijing Xunzhong Communication. Photo: Aileen Chuang
Artificial intelligence

Hong Kong’s financial centre status gives it an edge in AI market, experts say

SenseTime chief financial officer Wang Zheng says ‘having easy access to capital is extremely important’ for AI companies.

Insurance

Hong Kong’s insurance market may balloon 55% as Greater Bay Area ages

Gross insurance premium in the city may jump to US$127 billion by 2032, Manulife Financial’s Asia president says.

SCMP Business Awards

Nominations open for SCMP Live’s new 2025 Business Awards

Nominations open today until September 30 in seven categories.

A crossroad in Central on May 17, 2024. Photo: Yik Yeung-man.
Science

Neurobiologist Wang Jing leaves US to lead institute at China’s Shenzhen Bay Lab

Wang leaves University of California San Diego after 20 years to become director of the laboratory’s Institute of Molecular Physiology.

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Wang Jing’s full-time role at the Greater Bay Area lab marks a new direction in a career that has drawn on his experience in several disciplines, including engineering and biology. Photo: Handout
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

HN Group’s Serensia Woods, a 135,000-square-metre retirement community, is catering to Hong Kong’s ageing population with flats starting at HK$10 million.

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Mainland China

Editorial | Nansha gives bay area tech innovation boost

Guangzhou district will become a pilot zone for high finance and fintech, linking the development zone with global financial markets.

Nansha Free Trade Zone in Guangzhou, China. Photo: Shutterstock
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.

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.

Qianhai, a special economic zone in Shenzhen near Hong Kong, has seen a surge of European business chambers seeking collaboration due to the growing tensions of the US-China trade war. Photo: Edmond So
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.

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