China’s Greater Bay Area – the next Silicon Valley
04/08/2020 4:00pm - 5:00pm
The Greater Bay Area (“GBA”) is a Chinese Government initiative aimed at promoting closer cooperation and economic integration between 11 cities of the Greater Bay Area (GBA) among which Hong Kong, Macao, Shenzhen, and Guangzhou will serve as core hubs for driving economic growth.
In May 2020, the People’s Bank of China and financial regulators have unveiled a plan to further open up and accelerate the development of the GBA into one of the world’s largest economic regions. In terms of scope, the GBA will be comparable to the San Francisco Bay Area, Greater Tokyo Area and New York Metropolitan Area and will represent one of the largest urban areas both in terms of size and population. It represents 12% of China’s national economy (equivalent to US$ 1.4 trillion), generated by only 5% of the country’s population.
The Greater Bay Area brings unique opportunities for technology companies. Join Hawksford and Zhong Lun Law firm for our upcoming webinar to discuss the business opportunities in the Greater Bay Area and to learn more about this initiative.
For more information, please click HERE.