Guangdong-Hong Kong-Macao Greater Bay Area

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Hong Kong SAR

Focus of Development:

To consolidate and enhance its status as international financial, transportation and trade centres as well as an international aviation hub, strengthen its status as a global offshore Renminbi (RMB) business hub and the role as an international asset management centre and a risk management centre, promote the development of high-end and high value-added financial, commercial and trading, logistics and professional services, etc., make great efforts to develop the innovation and technology industries, nurture emerging industries, establish itself as the centre for international legal and dispute resolution services in the Asia-Pacific region, and develop into an international metropolis with enhanced competitiveness.

Overview:

The Hong Kong SAR is situated on the north shore of the South China Sea and the eastern side of the Pearl River Estuary. It borders Shenzhen of Guangdong Province in the north and its west side is 63 km away from the neighbouring Macao SAR, with the other two sides bordering the South China Sea. Its whole territory consists of Hong Kong Island, Kowloon Peninsula, the New Territories and over 200 islands.

The Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area proposes to leverage the leading role of the strong combination of Hong Kong-Shenzhen, deepen cooperation between Hong Kong and Shenzhen, enhance their overall strength and global influence, and lead the Greater Bay Area (GBA) in participating in international cooperation in great intensity; as well as to pursue the development of the “Guangzhou-Shenzhen-Hong Kong-Macao” innovation and technology corridor and jointly develop a GBA big data centre as well as platforms for international innovation.

Located in the core area of Asia, Hong Kong is closely integrated with the Mainland and has links to all parts of the world. It is also the world’s largest offshore RMB centre and Asia’s famous financial technology hub. Hong Kong has a well-developed legal system, simple and low taxation system, free entry and exit of capital, a variety of financial products and a large number of financial talents.

Hong Kong is a world’s major economy and an international shipping hub that has a large number of vessel owners, cargo owners and traders, as well as a highly developed shipping services sector. For years, Hong Kong’s shipping services sector has been continuously expanding, offering a full range of professional services, including shipping finance, insurance, brokerage, vessel management and shipping law, among others.

Being one of the world’s largest service-oriented economies, Hong Kong is packed with professionals of all trades, who have a broad international vision, abundance of trade experience and professional qualifications at par with international standards. They orderly support the development of different industries in Hong Kong by offering professional services like legal, accounting, education, human resources, consultancy, and training, among others.