The report identifies opportunities, especially in the areas of technology and sustainability
HONG KONG, June 25, 2021 – (ACN Newswire) – A research report identifying synergies and collaborative opportunities between the San Francisco Bay Area and the Greater Guangdong-Hong Kong-Macao Bay Area (GBA) in China was published and presented today in a webinar by the San Francisco-based Bay Area Council Economic Institute and the Hong Kong Trade Development Council (HKTDC). Entitled “Bay to Bay: China’s Greater Bay Area Plan and Its Synergies for US and San Francisco Bay Area Business”, the report analyzes the trade, investment and policy landscape of the two bay regions, and identifies areas with potential. , in particular climate change, energy sanitation, health, electric and autonomous vehicles, biomedicine and fintech.
In addition to assessing the trade and investment landscape and detailing areas for potential collaboration, the report also examines the GBA in detail and how U.S. companies can leverage Hong Kong as an international platform for connect with the GBA to seize business opportunities.
Sean Randolph, senior author of the report and senior director of the Bay Area Council Economic Institute, notes that “The GBA and the San Francisco Bay Area are both complex regions and global economic hubs. Hong Kong in particular, as an international crossroads with a dynamic service sector and innovative research, has similarities with San Francisco. With its relative openness and established legal system for business transactions, it is also well positioned as a bridge to the GBA. In recent years, doing business between the United States and China has become more complicated, but there are still many opportunities to explore, in areas ranging from clean energy and climate change to health, biomedicine and fintech. “
Nicholas Kwan, director of research at HKTDC, who supported the study, comments that “As a global city, Hong Kong plays a unique role in the plan of the Greater Bay Area due to its rule of law, respect for intellectual property, the breadth and depth of its financial system and its capacity for innovation. This opens the door for companies in the Bay Area and California to take advantage of GBA opportunities through partnerships in Hong Kong.
– Download the report here: https://portal.hktdc.com/resources/RMIP/20210624/z090eps2-QmF5VG9CYXktVW5kZXJzdGFuZGluZ0NoaW5hc0dCQVBsYW4oMSk=.pdf
– HKTDC research: https://research.hktdc.com/en/featured/greater-bay-area
– Bay Area Council Economic Institute: http://www.bayareaeconomy.org/
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong trade. With 50 offices around the world, including 13 in mainland China, HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organizes international exhibitions, conferences and trade missions to create business opportunities for companies, especially small and medium-sized enterprises (SMEs), in continental and international markets. The HKTDC also provides up-to-date market intelligence and product information through research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
HKTDC Communication and Public Affairs Department
Rudie Lynes, Tel. : +852 2584 4517, Email: email@example.com
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