Finance

Businesses in the Guangdong-Hong Kong-Macao Greater Bay Area are optimistic on prospects, with sentiment among those in Hong Kong showing strong improvement. The mood among innovation and technology (I&T) firms in Hong Kong is especially buoyant.

In May, a Mainland-Hong Kong business delegation explored business opportunities along Belt and Road markets, embarking on the visits to Hungary and Kazakhstan, before returning via Xinjiang.

Start-ups are essential in Hong Kong’s drive towards becoming a global innovation and technology leader, and the Hong Kong Trade Development Council (HKTDC) is committed to nurturing start-ups, helping them upgrade and transform and explore business opportunities.

The Hong Kong SAR Government is actively promoting the events economy to reinforce its status as an international business hub, conference and exhibition centre, and Asia’s event capital.

When asked about the three top factors for property buyers, an estate agent will say “location, location, location” and for investors in Hong Kong as well as the broader Guangdong-Hong Kong-Macao Greater Bay Area “location” is a broad term.

Staff hiring and retention became a headache across the developed and developing world following COVID-19, but a survey of firms in the Guangdong-Hong Kong-Macao Greater Bay Area showed the labour market loosened markedly late last year.