China News Agency, Beijing, January 17 (Reporter Xia Bin) HSBC released a survey report on the business prospects of the Guangdong-Hong Kong-Macao Greater Bay Area for overseas companies on the 17th.
According to the survey, nearly 70% of the interviewed overseas companies indicated that they planned to expand their business in the Guangdong-Hong Kong-Macao Greater Bay Area in the next three years, and 27% of them indicated that they would significantly increase their business scale.
In addition, companies from member countries of the Regional Comprehensive Economic Partnership (RCEP) are particularly optimistic about the economic prospects of the Greater Bay Area. Sixty percent of the respondents believe that the economic growth of the Greater Bay Area will be higher than the national average in the next three years. The level is 15% higher than that of the surveyed companies in non-RCEP markets.
RCEP, which came into effect last year, provides more convenience and opportunities for overseas companies to expand into the Chinese market.
On the basis of the previous survey, this survey specially added six countries including South Korea, Japan, Vietnam, Indonesia, Thailand and the Philippines, covering nearly 3,400 companies including nine RCEP member countries, mainly for companies that are currently in China. Market Businesses doing business or planning to enter the Chinese market in the near future.
In terms of expanding business in the Greater Bay Area, companies from RCEP member countries are also more aggressive. 31% of the companies surveyed plan to significantly increase their business in the Greater Bay Area in the next three years, which is nearly 10% higher than other overseas markets surveyed. .
In terms of key investment areas, the interviewed companies in all markets have a relatively consistent view. They all regard technology and innovation (45%) as the primary investment priority, followed by improving supply chain reliability (39%) and strengthening digital construction (39%) .
Chen Qingyao, vice president of HSBC China and general manager of the Greater Bay Area Office, said: "It can be seen from the survey that the level of technological development and the size of the consumer market in the Greater Bay Area have become an important driving force for attracting investment from overseas companies. We believe that the Greater Bay Area The continuous deepening of economic integration will further consolidate its status as China's high-level opening-up gateway and further promote the growth of cross-border trade and investment in the region." (End)