The South China Morning Post is kicking off its inaugural Business Awards by SCMP Live to honour the outstanding achievements of corporate executives and companies in the Greater Bay Area.

The awards have been reimagined from the DHL-SCMP Business Awards that took a hiatus last year after an uninterrupted 33-year run since 1990. The awards’ rules and format have been refreshed to reflect the changing business landscape and priorities of the 21st century. They also address the changing interests of the tens of millions of worldwide readers who rely on the Post to keep them informed and inspired about China’s economic transformation and development.

The awards are given out in seven categories. The Business Owner of the Year award is given to an individual who is a business owner or a company founder. The Corporate Executive of the Year honours a non-owner who contributes substantially to corporate success.

Four awards are reserved for outstanding businesses: Company of the Year, SME of the Year for small and mid-sized enterprises, Start-up of the Year for companies in operation for less than five years, and the Globalisation Award that honours companies that successfully spread their brands worldwide.

“Recognising the dynamic growth and innovation emerging in the Greater Bay Area, we are excited to launch the inaugural Business Awards by SCMP Live, a reimagining of our renowned business awards,” said Catherine So, CEO of the Post. “The awards will shine a spotlight on the remarkable achievements and potential of corporate executives, SME owners, and start-up founders who are shaping this vibrant region.”