First growth driver identified in the report is Hong Kong’s economic and business agenda. The powerful science and technology cluster within the Shenzhen-Hong Kong-Guangzhou region (ranked second in the World Intellectual Property Organization’s Global Innovation Index in 2020) will open up huge opportunities for business services in Hong Kong, while with fiscal reserves of HK$900 billion, the government has the resources to take care of immediate economic strains and invest in the future. Continuing to develop infrastructure facilitating the inextricable melding of Hong Kong into the Greater Bay Area is highlighted as a key priority for the city. Further, the decisions made by businesses already rethinking how their operations and assets in Hong Kong fit into their Greater Bay Area, China and global strategies will have implications for landlords’ and occupiers’ real estate investment needs against the backdrop of rising opportunities.
The powerful science and technology cluster within the Shenzhen-Hong Kong-Guangzhou region (ranked second in the World Intellectual Property Organization’s Global Innovation Index in 2020) will open up huge opportunities for business services in Hong Kong, while with fiscal reserves of HK$900 billion, the government has the resources to take care of immediate economic strains and invest in the future. Continuing to develop infrastructure facilitating the inextricable melding of Hong Kong into the Greater Bay Area is highlighted as a key priority for the city. Further, the decisions made by businesses already rethinking how their operations and assets in Hong Kong fit into their Greater Bay Area, China and global strategies will have implications for landlords’ and occupiers’ real estate investment needs against the backdrop of rising opportunities. Hong Kong’s status as a global financial hub, with its well-regulated banking system and role as an RMB trading center, make it an ideal IPO launchpad for Chinese businesses looking to raise international capital, as well as a platform for multinationals to connect with Chinese and global trade and capital market opportunities.