Greater Bay Area

The Greater Bay Area, with Hong Kong as a key component, is currently experiencing notable developments across various sectors. Hong Kong's government is actively promoting the city as a leader in art trading, leading to expansions by art storage and logistics companies targeting the broader Greater Bay Area market. Simultaneously, the UK and China are exploring enhanced financial cooperation through cross-border asset management schemes and upgrades to existing stock connect programs, further integrating the region financially. Despite these positive economic indicators, political shifts are occurring, exemplified by the resignation of Hong Kong's secretary for constitutional and mainland affairs. Conversely, AXA's Hong Kong unit and other insurers are redomiciling from Bermuda to Hong Kong, indicating confidence in the city's regulatory environment. Furthermore, Hong Kong is investing in sports infrastructure within its Northern Metropolis, aiming to balance elite athlete training with public access. These developments highlight the Greater Bay Area's ongoing economic integration and evolving socio-political landscape.