InvestHK - Global Talents Attraction
Access to the Greater Bay Area
Comprising approximately 56,000 km2, the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) consists of the Special Administrative Regions of Hong Kong and Macao, and the municipalities of Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing in Guangdong Province. As of June 2021, the GBA's total population is 86 million, with a GDP of USD $1,679.5 billion and a GDP per capita of USD $23,371.
Opportunities in GBA
by Leveraging Hong Kong
by Leveraging Hong Kong
International Business Environment
- Attracts international innovation and technology enterprises to enter the GBA
- Helps innovation and technology enterprises from the Mainland go global
Home to Advanced Manufacturing Specialists
- These industries complement each another in many areas, including capital, scientific research, and production
A Consumer Base of 86 Million People
- Relatively and increasingly affluent consumer base
- Located within an hour's drive of Hong Kong
Facilitation Measures
7 Daily Life Facilitation Measures
to help Hong Kong's general public live, work and reside easily in the Greater Bay Area
Ensuring that the children of Hong Kong and Macao residents who work in Guangdong enjoy the same education as those of Mainland residents
- Treating Hong Kong residents as local residents when purchasing properties in Mainland GBA cities
- Supporting Hong Kong residents' use of mobile electronic payments in Mainland China
- Allowing Hong Kong residents to open Mainland personal bank accounts in the Greater Bay Area remotely by attestation
- Exploring the establishment of a cross-boundary wealth management scheme
- Allowing foreigners with Hong Kong Permanent ID Cards to apply for visas or permission for residence with a validity of up to five years in Mainland GBA cities
- Permitting the use of Hong Kong-registered drugs and common medical devices in designated Hong Kong-owned healthcare institutions in the GBA
6 Professional Services Support Measures
to facilitate Hong Kong's businesses and professional services suppliers in the Greater Bay Area
Relaxing partnership associations by Hong Kong and Mainland law firms and employment of Hong Kong legal consultants, and allowing Hong Kong legal practitioners to obtain qualifications and practice in Mainland GBA cities
- Further extending mutual recognition of qualifications for construction professionals
- Expanding liberalisation measures for construction professionals from Hong Kong and Macao to practise in Mainland China
- Providing preferential treatment on insurance regulation
- Removing Hong Kong service suppliers' requirement for operating experience to provide insurance loss adjusting services in Mainland China
- Supporting Mainland insurers' ability to issue catastrophe bonds in Hong Kong and Macao by relaxing the requirements for establishing special purpose insurers
3 Innovation Support Measures
to promote Hong Kong's innovation and technology
Supporting the development of the Shenzhen-Hong Kong Innovation and Technology Co-operation Zone
- Facilitating customs clearance of imported animal-derived biomaterials
- Relaxing the limitation on exporting Mainland human genetic resources to Hong Kong and Macao
InvestHK works with overseas and Mainland entrepreneurs, SMEs and multinationals that wish to set up an office – or expand their existing business into the GBA via Hong Kong. Learn more about the latest development of GBA here and contact our GBA team for the next steps.
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