A poll of more than 1,000 companies in the Greater Bay Area finds that some 60 percent expect business to match or exceed pre-Covid levels before the year ends.
Greater Bay Area
One official says the aim of the new tax guides to Portugal, Mozambique and Cabo Verde is to assist ‘companies in the process of going global’.
While higher than Macao’s top salaries tax rate, the special rate for qualified professionals working in Hengqin is considerably lower than mainland China’s.
Under a new scheme launched by the Guangdong authorities, locals are eligible to apply for thousands of official and semi-official positions.
James Chang of PricewaterhouseCoopers China praises the GBA’s infrastructural links but says “soft connections” are needed to create cultural coherence.
The political push for integration is leading to a greater number of official exchanges, with Hong Kong lawmakers the latest to head north on a fact-finding tour.
An array of agreements signed this week between provincial governor Wang Weizhong and Hong Kong’s John Lee brings GBA integration a step closer.
A project that offers subsidies to GBA companies taking on Hong Kong university leavers is to remain in operation after a two-year trial.
Zhuhai and Guangzhou ports are busily preparing for a resumption of coal imports from Down Under, with the ending of trade restrictions.