Executives feel pull of Greater BayBusiness | Stella Zhai 21 Jan 2020
Over half of the respondent business executives indicated plans to expand into the Greater Bay Area by 2022, according to a survey by KPMG, the Hongkong and Shanghai Banking Corporation and the Hong Kong General Chamber of Commerce.
Gaining access to the GBA market of more than 71 million was cited as a key motivation for companies to invest in the region by almost three-quarters of interviewed executives, according to the survey of 747 executives in the mainland, Hong Kong and Macau. Other reasons include getting closer to business partners/customers, access to talent, lower costs and better transport infrastructure, the report said.
In other news, InvestHK said the number of startups in the city grew 20 percent in 2019 to 3,184 and expects more fintech startups to be set up this year.