Secretary for Health Lo Chung-mau says expansion of voucher scheme aims to benefit elderly Hong Kong residents retiring in bay area cities.

Chief executive cites cities’ complementary strengths: Dongguan in hi-tech manufacturing, Hong Kong in connecting the Greater Bay Area to the world.

Proposals revealed in National Development and Reform Commission action plan, which also calls for incentives to attract Hong Kong talent across border.

Since the border reopened, Hongkongers, particularly retirees, have started to think once again about buying property in the bay area, say analysts. The falling yuan and a slew of measures to boost the market are making the prospect more attractive.

Hong Kong pay increases this year ranged from 3.2 to 3.8 per cent, higher than Macau at between 1.9 and 2.7 per cent, but financial hub also had high staff turnover.

China’s southern export hub of Dongguan will offer a home-purchase subsidy of up to 10 million yuan (US$1.37 million) in an attempt to lure talent, as the city seeks to upgrade advanced industries.

Premier Li Qiang concluded a three-day visit to Guangdong province on Thursday, saying China was at a critical period of economic transformation and upgrading.

China’s plan to turn Hainan into the world’s largest free-trade port by 2025 will – for the most part – be complementary to Hong Kong and Guangdong, and open up trade opportunities with Southeast Asia.

Five-day trip organised by China’s foreign ministry office in Hong Kong to boost confidence in country’s economic recovery.

Dongguan lifts home-buying curbs in the city’s last five remaining neighbourhoods, but maintains restrictions on resales for two years to dampen speculation.

The collapse of Koppo Electronics reflects more signs of trouble for the ‘Made in China, Sold on Amazon’ community.

Greater Bay Area, which is home to four top 10 richest people in China, will have a new cross-border trading scheme for investment products, a core project by Beijing to promote capital flows and investment among the 11 cities in the plan.

A new university is planned to open in Dongguan in 2023, and offer a focus on science and technology to enhance the area as an economic and business hub.

Hong Kong can connect the Greater Bay Area with the rest of the world, much like San Francisco’s role in the San Francisco/Silicon Valley Bay Area.

Strict disinfection and quarantine measures lead to congestion of vessels waiting to berth at one of the busiest Chinese container ports.

Developers forked out US$12.59 billion on land in the nine mainland Chinese cities of the future economic hub in the first quarter, up 30 per cent from pre-Covid levels.

The "Greater Bay Area" refers to the Chinese government's scheme to link the cities of Hong Kong, Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing into an integrated economic and business hub.

Dongguan is the fifth-largest city in the Greater Bay Area by size of economy, boosted by investments by the likes of Swire Pacific, Samsung and Gillette.

The fire was extinguished more than hour after it broke out in the middle of the afternoon on Friday.

China’s 290 million migrant workers have been the hardest hit by the coronavirus having already been under pressure from the US-China trade war.

Dongguan, a city in China’s Greater Bay Area development zone that is also home to Huawei Technologies’ new campus, has recorded a sharp increase in home prices, which have been boosted by increased liquidity and speculative buying driven by hopes around its economy.

In China’s manufacturing hub of Dongguan, a sock factory has survived Sars, the global financial crisis and the US-China trade war, but ‘it can’t survive 2020’.

Dongguan, once a thriving manufacturing hub, is on the frontline of a second wave demand shock that is hitting Chinese exporters trying to recover from the coronavirus.

Hi-tech Chinese companies Huawei, SMIC and YMTC, along with the local units of Samsung, SK Hynix and LG Display, maintained operations to manufacture parts and products, despite Beijing’s call to halt all work in some cities and provinces.

Land prices in the manufacturing hub have soared as builders have used increasingly aggressive bidding tactics to get a foothold in the Greater Bay Area

Zhuhai tops the list of Greater Bay Area cities on the mainland with price gains of 1.8 per cent since February, closely followed by Dongguan at 1.7 per cent.