A selection of updates on the Greater Bay Area from the Hong Kong Trade Development Council

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GBA Updates

6/9/2023
 

Guangdong has announced a series of measures to promote foreign investment in the province, with a special emphasis on boosting the manufacturing sector.

Mainland China has extended its Greater Bay Area individual income tax (IIT) subsidy programme until the end of 2027, targeting high-end and in-demand overseas talent working in the GBA.

Guangdong has begun rolling out various employment stabilisation measures, including raising the level of subsidies provided under the Greater Bay Area Youth Employment Scheme.

Shenzhen has released new guidelines aimed at making it easier for Hong Kong-funded small and micro-enterprises to get cross-border financing.
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GBA Intelligence
 

Innovative Hong Kong draws overseas enterprises

The Hong Kong SAR Government’s drive to bring cutting-edge technology firms to the city is bearing fruit, with more than 25 innotech companies investing over HK$17 billion in the SAR.

GBA Topics
 

Hong Kong asset manager spreads wings

An HKTDC-organised business mission to ASEAN yielded more than 30 partnership agreements, including a collaboration between Hong Kong and Indonesian firms to capitalise on the fast-growing wealth and asset management needs in Asia.

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