HK Economy- Highlight
20 Feb 2019
The development of the Guangdong-Hong Kong-Macau Greater Bay Area (the Greater Bay Area) has been a feature of a number of China’s national strategies. The Greater Bay Area’s city cluster will extend across Hong Kong, Macao and nine Pearl River Delta cities. In order to further advance the initiative, the State Council promulgated the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area on 18 February 2019, mapping out the development plan for the Greater Bay Area.
The new FDI screening framework in the EU is likely to lead to more detailed, onerous and lengthy reviews. Any investment from Hong Kong, whether directly or indirectly from mainland China or other Asian countries, into strategic assets or technologies is, therefore, likely to be carefully assessed to ascertain if foreign investment filings are required or advisable.
The Tijuana-San Diego region is a successful cross-border metropolis bisected by the busiest land border crossing in the Western Hemisphere. As such, it can act as a useful reference point for the Guangdong-Hong Kong-Macao Bay Area. The region is an integral part of the North American supply chain, which – given the lingering Sino-US trade spat and the recent US-Mexico-Canada Agreement – is making the region more attractive to international manufacturers and investors.