More than half of business executives surveyed indicated plans to expand geographically into the Greater Bay Area by 2022. A joint survey by KPMG, the Hongkong and Shanghai Banking Corporation and the Hong Kong General Chamber of Commerce includes esponses from 747 business executives in mainland China, Hong Kong and Macau, across industries. Gaining access to the GBA market of more than 71 million is a key motivation for companies to invest in the region, cited by almost three-quarters of executives. Other attractions include getting closer to business partners/customers, access to talent, lower costs and better transport infrastructure. More than half, or 53 percent, predict at least a 30 percent increase in their business revenue in the region over the next three years.

Source: The Standard January 20, 2020 08:26 UTC