Hong Kong retains top spot in finance, logistics and tourism within Greater Bay Area

Hong Kong has retained its leading position in three out of six major industries within the Greater Bay Area, according to an index comparing the relative advantages of 11 cities across the southern Chinese region.

Shenzhen held onto its top spot in innovation and technology as well as manufacturing, while Guangzhou remained the leader in real estate.

The Greater Bay Area Industry Development Index, compiled by Our Hong Kong Foundation and Dah Sing Bank, surveyed 3,400 companies across the 11 cities.

The index, which made its debut last year, covered financial services, innovation and technology (I&T), trade and logistics, manufacturing, construction and real estate, and culture, sports and tourism.

The bay area is a central government scheme to link Hong Kong, Macau and nine cities in neighbouring Guangdong province into an economic and business powerhouse.

Five industries recorded year-on-year growth, with I&T and manufacturing reporting faster expansion. The only shrinking sector was construction and real estate.

Source link

Visited 1 times, 1 visit(s) today

Related Article

Cryptocurrency ATM machines are displayed at the Bitcoin Asia conference in Hong Kong in August this year. Photo: Reuters

Hong Kong approves first Solana ETF, ahead of the US, amid moves to embrace crypto

Hong Kong has approved its first exchange-traded fund (ETF) that tracks the performance of the cryptocurrency token Solana, ahead of the US, as the city moves to cement its status as a digital asset hub. ChinaAMC (HK), the Hong Kong arm of Chinese fund manager China Asset Management, started accepting subscriptions for its new spot

22 October 2025
Hong Kong court orders authorities to review murderer’s life sentence anew

Hong Kong court orders authorities to review murderer’s life sentence anew

A Hong Kong court has ordered authorities to review a convicted murderer’s life sentence anew after finding it wrong in law for them to oppose his early release just because he has not served enough time. Lo Hon-hing on Wednesday won a judicial challenge in the High Court that compels the Long-term Prison Sentences Review

22 October 2025
Sino Land’s One Park Place residential project is coming up in Yau Tong. Photo: Google Maps

Sino Land chairman Darryl Ng sees positive signs for Hong Kong’s property market

Hong Kong developer Sino Land’s chairman, Daryl Ng Win Kong, is confident about the outlook for the city’s property market next year, noting multiple positive signals have emerged boosting the market. Chief among the factors were the start of a lower interest-rate cut cycle and a robust initial public offering market, Ng said after the

22 October 2025
37,000 workers imported into Hong Kong since start of labour scheme in 2023

37,000 workers imported into Hong Kong since start of labour scheme in 2023

Hong Kong has imported more than 37,000 workers since the government’s introduction of a labour scheme two years ago, while a construction union has announced a wage freeze for most of the major trades in the industry. The Labour and Welfare Bureau on Wednesday revealed that it had received applications to import more than 62,000

22 October 2025
Hong Kong customs seize HK$10 million of bogus Nike, Adidas shoes

Hong Kong customs seize HK$10 million of bogus Nike, Adidas shoes

Hong Kong customs officers have seized HK$10 million (US$1.29 million) worth of suspected counterfeit sports and luxury shoes such as Nike, Adidas, Louis Vuitton and Gucci, believed to be intended for overseas markets to capitalise on a demand driven by global mega-events. “At mega-events such as sports shoes exhibitions, many collectors and enthusiasts will trade

22 October 2025
Director of Hong Kong-listed FSM Holdings resigns amid Cambodian crime allegations

Director of Hong Kong-listed FSM Holdings resigns amid Cambodian crime allegations

Li Thet, executive director of Hong Kong-listed FSM Holdings, resigned after US authorities linked him to an alleged Cambodian cyber-scam operation. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Li for alleged criminal involvement with what it called the Prince Group transnational criminal organisation (TCO), which it and UK authorities

22 October 2025