Will the Greater Bay Area (GBA) threaten Hong Kong’s special status?
Will the Greater Bay Area (GBA) threaten Hong Kong's special status?
The inauguration of the Hong Kong-Zhuhai-Macau Bridge (HKZM) in October 2018 marked the beginning of China’s ambitious project to a mammoth urban cluster comprising 11 cities. The GBA will become by far the world’s biggest integrated “bay area” by population and size, surpassing rivals such as Tokyo and San Francisco. Such a gigantic undertaking raises questions about the role of Hong Kong and its special status within the conglomerate.
Christopher Hui, Director of Strategic Development at New World Development, one of Hong Kong’s leading companies, is faced with strategic decisions to develop the group’s business within the GBA on a daily basis. He shared with us what the GBA means for businesses in Hong Kong, and his view on Hong Kong’s special status in the future.