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Zhuhaii

Latest news, analysis, explainers and updates on policy announcements, corporate developments and investment opportunities focused on this particular city under the Greater Bay Area (GBA) initiative in southern China’s Pearl River Delta. The coverage includes politics and policies, business, lifestyle and culture and useful to-do guides about living, working and studying in the GBA.

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  • Xinhua reports vehicle flow reached 3.26 million on mega bridge last year, after government-funded Voice of America referred to it as ‘ghost’ crossing in recent article
  • Sharp increase in traffic last year, up from 1.6 million the year before, attributed to border reopening and new quota-free scheme from Hong Kong motorists
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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.

Hengqin, Nansha, and Qianhai, three special economic zones in the Greater Bay Area, are accelerating their roll-out of preferential tax systems, legal frameworks and streamlined application procedures to encourage more foreign funds to invest, a conference heard.

Investing in talent development, offering a flexible work environment and making greater use of technology will help the insurance industry in the Greater Bay Area fight labour shortages, according to business leaders from Hong Kong.

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.

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Four major Hong Kong insurers including the local units of Ping An and China Taiping plan to introduce a new ‘one-stop’ motor insurance policy covering the city and Greater Bay Area as they expect cross-border traffic to surge under a forthcoming easing of travel quotas.

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Hengqin, located in the southern city of Zhuhai, will offer subsidies of up to US$4.4 million each to semiconductor firms that set up new offices or conduct research and development in the island.

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.

Guangdong province lays out Greater Bay Area data plans amid Beijing’s increasing scrutiny of data security and efforts to speed economic digitalisation.

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.

The study underscores how the persistent pandemic – and how governments and societies are adapting to contain and overcome the disease – will have long-term effects on global economies and populations.

With the rise of a young middle class, who could be foodies, creators, trekkers and beach buffs, a more creative way of relaxing and holidaying will be in demand, says Katharine Wang, the general manager of Casa Cook.

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Seafood plays an important role for Zhuhai’s two million residents. Sitting on an estuary where the Pearl River flows into the South China Sea, the city – once know as ‘fishermen’s county’ – has access to a wide variety of marine wildlife.

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Property developer China Overseas Land & Investment has shrugged aside tightening government curbs on financing to acquired a residential and commercial plot in Zhuhai for the record sum of 10.5 billion yuan (US$1.6 billion).

Pachira Technology relocated from California’s Silicon Valley to Zhuhai’s special economic zone in Hengqin last year, after receiving a major boost from the local government.

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The pending listing is a relief for investors and analysts, after Chinese regulators last week mothballed the largest IPO in global finance, showing that it’s business as usual in a stock market ordered into existence by the Chinese president.

The battery arm of the French oil giant Total said the new 6,600 square-metre facility is part of its efforts to tap the growing global energy storage market.

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